TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.021%

Price spread now: GMX against Bullet−0.114%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.114% cheaper against Bullet than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	313.41	0.0145	pay 0.0018% / 1h	46m 37s	$11K	$17K	20x
Short	GMX TAO/USD [WBTC.b-USDC]	313.06	L +0.0476% / S −0.0175%	get 0.0022% / 1h	46m 37s	$450K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bullet. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BulletbpFee GMXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $6.34
Price spread: −0.114% → 0.000%: −$11.36
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$25.02
Costs to cover: 0.200%
Break-even: 34.6 days

Slippage unknown: Bullet: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bullet no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Bullet and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.4722%	1h	314.01	+0.191%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.80	−0.196%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.04	−0.118%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.312%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.29	−0.039%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.19	−0.071%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.31	−0.034%	$88.7M	$422.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.40	−0.004%	$61.4M	$123.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	−0.036%	$25.1M	$100.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.70	−0.228%	$12.7M	$49.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.04	−0.119%	$121.2M	$126.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.09	−0.103%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.90	−0.164%	$35.0M	$46.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.06	−0.113%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	+0.074%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.243%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	−0.014%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.20	−0.068%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.18	−0.075%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.88	+0.149%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.07	−0.110%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.37	−0.015%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.32	−0.030%	$903	$539K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	313.86	+0.142%	$77K	$522K	5x	as long as short
Bullet TAO-USDlong	+0.0145%	1h	313.41	long leg	$11K	$17K	20x
Variational Omni TAO	+0.0173%	4h	313.59	+0.055%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	312.98	−0.138%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.50	+0.028%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	313.12	−0.094%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0233%	1h	313.11	−0.096%	$24K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.41	−0.001%	$4.3M	$9.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.34	−0.023%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0476% / S −0.0175%	1h	313.06	−0.114%	$450K	—	100x
Nado TAO-PERP	+0.0523%	1h	313.32	−0.031%	$842K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	313.80	+0.123%	$328K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.31	−0.033%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.47	+0.018%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	313.71	+0.095%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	313.03	−0.122%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.43	+0.324%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.49	+0.026%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1504%	1h	313.61	+0.064%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2146%	1h	313.91	+0.158%	$98.3M	$82.8M	5x	as long as short