TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.093%

Price spread now: Aevo against GMX+0.174%7-day average +0.051% · you sell dearer than you buy

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

Long on GMX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.350%−$35 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.174%, 7d avg +0.051%

Together, before fees−0.557%−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.123% dearer against GMX than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.051%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 3 days (−0.350% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	316.19	L +0.0172% / S +0.0101%	pay 0.0022% / 1h	8m 12s	$449K	—	100x
Short	Aevo TAO-PERP	316.74	0.0104	get 0.0013% / 1h	8m 12s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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 GMXbpFee AevobpOrdersPrice spread, now +0.174%Rate

Funding earned: −$14.33
Price spread: +0.174% → +0.051%: $12.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.98
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aevo: live order book, 1 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aevo live order book, 1 min ago	75.44 bp	101.7 bp −$102	666.8 bp −$6,668	doesn't fit	doesn't fit

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	−0.1821%	1h	318.67	+0.783%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.92	−0.086%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.13	−0.019%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.31	+0.037%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.56	+0.116%	$90.8M	$450.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	+0.065%	$25.8M	$109.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	+0.034%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.48	+0.091%	$99.3M	$136.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.53	+0.106%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.27	+0.024%	$35.2M	$51.4M	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	316.43	+0.073%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.032%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.84	+0.205%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.08	−0.036%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.96	+0.242%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0103%	1h	316.48	+0.091%	$12K	$17K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	316.74	+0.174%	$174K	$998	3x
Katana Perps TAO-USD	+0.0118%	8h	316.43	+0.075%	$1K	$644K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0172% / S +0.0101%	1h	316.19	long leg	$449K	—	100x
Pacifica TAO	+0.0185%	1h	316.06	−0.042%	$374K	$376K	10x	as long as short
ApeX Omni TAOUSDT	+0.0185%	1h	316.14	−0.017%	$48K	$267K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.71	+0.163%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	316.07	−0.040%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	316.34	+0.046%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0268%	1h	316.36	+0.053%	$92K	$633K	5x	as long as short
Phemex TAOUSDT	+0.0296%	4h	316.97	+0.246%	$3.4M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.05	−0.045%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	316.81	+0.194%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.67	+0.152%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	+0.129%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.237%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.70	+0.160%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.499%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.45	+0.081%	—	$30.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.96	−0.074%	$363	—	20x	as long as short
Bybit TAOUSDT	+0.0734%	4h	316.76	+0.179%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0759%	1h	316.17	−0.008%	$875K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	316.65	+0.144%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.15	+0.303%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	316.81	+0.194%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.56	+0.116%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.95	+0.239%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1800%	1h	316.86	+0.211%	$101.4M	$91.5M	5x	as long as short