TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.079%

Price spread now: ApeX Omni against GMX+0.055%7-day average +0.024% · you sell dearer than you buy

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.352%−$35 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.055%, 7d avg +0.024%

Together, before fees−0.523%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.031% dearer against GMX than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.024%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 3 days (−0.352% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	314.99	L +0.0147% / S +0.0126%	pay 0.0018% / 1h	21m 10s	$420K	—	100x
Short	ApeX Omni TAOUSDT	315.16	0.0100	get 0.0013% / 1h	21m 10s	$46K	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: −$9.83
Price spread: +0.055% → +0.024%: $3.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 35 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 ApeX Omni live order book, 35 min ago	5.36 bp	13.0 bp −$13	133.3 bp −$1,333	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
dYdX TAO-USD	0.0000%	1h	314.98	−0.002%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.02	+0.010%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.24	+0.080%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.23	+0.077%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.07	+0.026%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.39	+0.128%	$91.0M	$494.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.42	+0.137%	$68.1M	$148.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	+0.036%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.00	+0.004%	$12.9M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.38	+0.125%	$110.7M	$144.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.24	+0.080%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.16	+0.055%	$35.3M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.29	+0.096%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.64	+0.208%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.78	+0.251%	$522K	$955K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	315.16	+0.055%	$46K	$254K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	315.06	+0.023%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.22	+0.074%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.31	+0.103%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.85	−0.044%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.15	+0.052%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.34	+0.114%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	315.19	+0.064%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0147% / S +0.0126%	1h	314.99	long leg	$420K	—	100x
Paradex TAO-USD-PERP	+0.0163%	8h	314.93	−0.019%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0195%	4h	315.27	+0.091%	$1.2M	$10.3M	50x	as long as short
Nado TAO-PERP	+0.0198%	1h	314.98	−0.003%	$800K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0208%	1h	315.24	+0.080%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0261%	1h	315.49	+0.160%	$92.8M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0304%	1h	315.41	+0.134%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0312%	1h	315.52	+0.169%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.18	+0.061%	$4.6M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0345%	1h	315.40	+0.131%	$316K	$913K	10x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.38	+0.125%	$99K	$438K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.05	+0.019%	$359K	$412K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0433%	1h	315.37	+0.120%	$27K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0526%	4h	314.38	−0.194%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.163%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.18	+0.062%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.205%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.23	+0.078%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.02	+0.328%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.226%	$23K	$2K	12x	as long as short