TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1026%/8h= −112.4% APRnext payment −$1.28 per $10,000 · paid last 24h −0.050%

Price spread now: GMX against Extended−0.304%7-day average +0.031% · you buy dearer than you sell

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

Long on Extended Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.803%+$80 · spread now −0.304%, 7d avg +0.031%

Together, before fees+0.841%+ Points / potential airdropExtended: Active · farm board+$84 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and GMX is 0.335% cheaper against Extended than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.038% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	320.59	0.0920	pay 0.0115% / 1h	37m 42s	$939K	$2.3M	25x
Short	GMX TAO/USD [WBTC.b-USDC]	319.62	L +0.0163% / S +0.0106%	pay 0.0013% / 1h	37m 42s	$434K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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 ExtendedbpFee GMXbpOrdersPrice spread, now −0.304%Rate

Funding earned: −$215.47
Price spread: −0.304% → +0.031%: −$33.47
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$265.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago	4.86 bp	7.4 bp −$7	10.3 bp −$103	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
Bulk TAO-USD	−0.3652%	1h	316.49	−1.280%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.87	−0.225%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.67	−0.287%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.60	−0.310%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.43	−0.052%	$92.8M	$473.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.50	−0.029%	$26.3M	$117.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.30	−0.091%	$13.1M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.37	−0.069%	$109.2M	$139.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.57	−0.007%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.36	−0.073%	$35.7M	$54.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.73	−0.269%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.82	−0.241%	$72K	$771K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.62	−0.303%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.11	−0.151%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.59	−0.313%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.02	−0.180%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0104%	4h	319.98	−0.191%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.61	+0.005%	$681	$759K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0163% / S +0.0106%	1h	319.62	−0.304%	$434K	—	100x
GRVT TAO_USDT_Perp	+0.0224%	4h	318.95	−0.512%	$526K	$955K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	319.81	−0.243%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0306%	1h	319.99	−0.188%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0322%	8h	320.56	−0.011%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0335%	4h	320.19	−0.125%	$1.2M	$9.3M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.17	−0.444%	$4.5M	$10.7M	100x	as long as short
Pacifica TAO	+0.0448%	1h	320.40	−0.059%	$378K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	318.90	−0.528%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	320.95	+0.111%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0544%	1h	319.87	−0.225%	$775K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0613%	4h	320.59	−0.001%	$68.4M	$140.4M	50x	as long as short
BingX TAO-USDT	+0.0635%	4h	320.57	−0.007%	—	$30.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0640%	1h	319.86	−0.227%	$17K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	319.94	−0.205%	$368	—	20x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	320.26	−0.104%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.117%	$5.9M	$9.7M	—	as long as short
ApeX Omni TAOUSDT	+0.0883%	1h	318.78	−0.565%	$47K	$253K	50x	as long as short
Lighter TAO	+0.0896%	1h	320.83	+0.076%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USDlong	+0.0920%	1h	320.59	long leg	$939K	$2.3M	25x
Backpack TAO_USDC_PERP	+0.1008%	1h	319.89	−0.219%	$440K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	320.65	+0.018%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	320.76	+0.052%	$456K	$628K	5x	as long as short
Hyperliquid TAO	+0.1381%	1h	320.86	+0.083%	$100.8M	$98.5M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	−0.282%	$23K	$2K	12x	as long as short