Funding you earn now, next payment 22:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h +0.023%
Price spread now: GMX against edgeX−0.243%70s7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)+0.429%+$43 · spread now −0.243%, 7d avg −0.001%
=Together, before fees+0.543%+ Points / potential airdropedgeX: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.243% cheaper against edgeX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.114%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TAOUSDC | 307.92 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $40K | $277K | 10x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 307.17 | L +0.0174% / S +0.0069% | pay 0.0009% / 1h | 20m 23s | $438K | — | 100x |
edgeX TAOUSDC
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.55
- Price spread: −0.243% → −0.001%
- −$24.25
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$80.81
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 2 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 edgeX live order book, 2 min ago | 6.50 bp | 11.0 bp −$11 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| 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-USD | 0.0000% | 1h | 306.68 | −0.402% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 307.17 | −0.245% | $26K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0034% | 1h | 308.35 | +0.140% | $16K | $1.3M | 25x | as long as short |
| Bulk TAO-USD | +0.0052% | 1h | 305.44 | −0.805% | $200K | $57K | 10x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.91 | −0.328% | $41K | $530K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.12 | −0.260% | $363K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.25 | −0.216% | $85.9M | $404.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.45 | −0.153% | $59.4M | $118.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.40 | −0.169% | $25.3M | $93.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.42 | −0.162% | $137K | $599K | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Bulk TAO-USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 306.70 | −0.396% | $12.2M | $48.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.29 | −0.204% | $115.3M | $124.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.17 | −0.243% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.07 | −0.276% | $34.4M | $44.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 307.30 | −0.201% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.90 | −0.656% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 307.92 | long leg | $40K | $277K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.12 | −0.260% | $538K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 307.95 | +0.010% | $46K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.41 | −0.165% | $77K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.31 | −0.198% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.28 | +0.117% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.23 | +0.101% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.36 | +0.143% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.19 | +0.088% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.48 | +0.184% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 306.91 | −0.328% | $877 | $438K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 306.89 | −0.335% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0169% | 4h | 307.01 | −0.294% | $1.1M | $7.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0174% / S +0.0069% | 1h | 307.17 | −0.243% | $438K | — | 100x | |
| Phoenix TAO | +0.0234% | 1h | 307.90 | −0.006% | $326K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0314% | 1h | 307.35 | −0.186% | $843K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 308.32 | +0.130% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0512% | 1h | 307.21 | −0.230% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.30 | −0.201% | $353 | — | 20x | as long as short |
| Extended TAO-USD | +0.0712% | 1h | 306.87 | −0.342% | $902K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0912% | 1h | 307.06 | −0.280% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 309.18 | +0.409% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1022% | 1h | 308.52 | +0.195% | $6.3M | $19.2M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.09 | −0.269% | $411K | $539K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1081% | 1h | 308.30 | +0.124% | $445K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1733% | 1h | 307.93 | +0.003% | $94.3M | $75.8M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −0.636% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP