TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.007%

Price spread now: GMX against dYdX+0.078%7-day average +0.028% · you sell dearer than you buy

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.078%, 7d avg +0.028%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.050% dearer against dYdX than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.028%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 3 days (−0.055% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	311.75	0	get 0.0000% / 1h	52m 54s	$124K	$85K	5x
Short	GMX TAO/USD [WBTC.b-USDC]	311.99	L +0.0133% / S +0.0136%	pay 0.0017% / 1h	52m 54s	$418K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$28.65
Price spread: +0.078% → +0.028%: $5.02
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$45.62
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 61 min ago; 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 dYdX live order book, 61 min ago	31.65 bp	42.5 bp −$42	67.6 bp −$676	147.8 bp −$14.8K	533.8 bp −$266.9K
Sell GMX no order-book sample	—	—	—	—	—

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
dYdX TAO-USDlong	0.0000%	1h	311.75	long leg	$124K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.01	+0.085%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.83	+0.027%	$638	$877K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.59	+0.270%	$89.3M	$504.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.50	+0.242%	$26.1M	$121.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.20	+0.145%	$13.4M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.53	+0.251%	$104.1M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.37	+0.200%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.21	+0.149%	$35.1M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.81	+0.020%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	312.10	+0.113%	$81K	$907K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.77	+0.007%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.42	−0.105%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.28	+0.172%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	312.26	+0.165%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0133% / S +0.0136%	1h	311.99	+0.078%	$418K	—	100x
Aster TAOUSDT	+0.0134%	4h	312.13	+0.123%	$1.3M	$10.5M	50x	as long as short
Popdex TAOUSDT	+0.0192%	1h	312.03	+0.091%	$48K	$662K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0204%	4h	313.11	+0.436%	$532K	$942K	10x	as long as short
Paradex TAO-USD-PERP	+0.0206%	8h	311.95	+0.066%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	312.12	+0.121%	$355K	$419K	10x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.046%	$166K	$333	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0305%	1h	312.25	+0.161%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0310%	1h	312.36	+0.196%	$12K	$17K	20x	as long as short
Nado TAO-PERP	+0.0323%	1h	312.22	+0.153%	$776K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.29	+0.174%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0345%	4h	312.54	+0.254%	$67.6M	$151.1M	50x	as long as short
BingX TAO-USDT	+0.0348%	4h	312.47	+0.232%	—	$33.7M	—	as long as short
Extended TAO-USD	+0.0368%	1h	312.41	+0.212%	$903K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0371%	4h	312.91	+0.373%	$5.5M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	312.05	+0.097%	$100K	$370K	5x	as long as short
Phemex TAOUSDT	+0.0484%	4h	312.43	+0.219%	$3.1M	$8.0M	50x	as long as short
Phoenix TAO	+0.0513%	1h	312.80	+0.338%	$311K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0533%	1h	312.32	+0.183%	$11K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0679%	1h	312.49	+0.238%	$91.4M	$108.2M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.26	+0.165%	$359	—	20x	as long as short
01 Exchange TAOUSD	+0.0744%	1h	312.23	+0.155%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0752%	1h	312.53	+0.251%	$1.5M	$6.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0828%	1h	312.45	+0.226%	$310K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	312.88	+0.363%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	311.97	+0.072%	$446K	$649K	5x	as long as short
ApeX Omni TAOUSDT	+0.1940%	1h	312.51	+0.245%	$46K	$254K	50x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+1.387%	$23K	$2K	12x	as long as short