TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0522%/8h= +57.2% APRnext payment +$0.65 per $10,000 · paid last 24h −0.051%

Price spread now: Arcus against GMX+0.365%7-day average +0.090% · you sell dearer than you buy

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

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.328%−$33 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.365%, 7d avg +0.090%

Together, before fees−0.734%−$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.275% dearer against GMX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.090%. Mind the row above: over the last 3 days funding on this pair cost −0.328%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	318.97	L +0.0119% / S +0.0148%	pay 0.0015% / 1h	34m 09s	$426K	—	100x
Short	Arcus TAO-USD	320.13	0.0641	get 0.0080% / 1h	34m 09s	$103K	$394K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.365%Rate

Funding earned: $109.66
Price spread: +0.365% → +0.090%: $27.52
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $120.68
Costs to cover: 0.165%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 9 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 Arcus live order book, 9 min ago	3.28 bp	14.8 bp −$15	28.2 bp −$282	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	−0.2019%	1h	319.65	+0.214%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.54	−0.133%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.67	−0.092%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.09	+0.039%	$42K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.10	+0.355%	$26.7M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.70	−0.084%	$14.2M	$51.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.95	−0.005%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.80	−0.052%	$35.8M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.10	+0.042%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.80	−0.052%	$80K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.67	−0.093%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.59	−0.118%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	318.99	+0.007%	$724	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0119% / S +0.0148%	1h	318.97	long leg	$426K	—	100x
Aevo TAO-PERP	+0.0120%	1h	319.10	+0.041%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	318.93	−0.012%	$53K	$292K	10x	as long as short
MEXC TAO_USDT	+0.0158%	4h	319.77	+0.252%	$105.1M	$149.8M	300x	as long as short
edgeX TAOUSDC	+0.0159%	4h	319.21	+0.077%	$42K	$317K	10x	as long as short
Binance TAOUSDT	+0.0161%	4h	319.41	+0.138%	$92.4M	$528.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0258%	8h	319.18	+0.068%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0316%	4h	319.00	+0.010%	$1.3M	$10.9M	50x	as long as short
Phemex TAOUSDT	+0.0322%	4h	319.12	+0.048%	$3.2M	$8.1M	50x	as long as short
Bybit TAOUSDT	+0.0351%	4h	319.94	+0.305%	$69.9M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	318.81	−0.049%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0379%	1h	318.99	+0.007%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0388%	4h	318.88	−0.027%	$543K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0399%	4h	318.66	−0.096%	$4.7M	$11.0M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	319.01	+0.013%	$912K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.09	+0.037%	$363K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	318.75	−0.068%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.70	+0.230%	$318K	$709K	5x	as long as short
Nado TAO-PERP	+0.0606%	1h	318.84	−0.039%	$795K	$2.1M	10x	as long as short
Hyperliquid TAO	+0.0610%	1h	318.97	+0.001%	$94.3M	$110.2M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0616%	1h	318.99	+0.008%	$10K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	319.37	+0.126%	$3K	$4K	5x	as long as short
Arcus TAO-USDshort	+0.0641%	1h	320.13	+0.365%	$103K	$394K	5x
Backpack TAO_USDC_PERP	+0.0673%	1h	319.27	+0.095%	$297K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.94	−0.008%	$367	—	20x	as long as short
Lighter TAO	+0.0832%	1h	319.75	+0.244%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.603%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.13	+0.050%	$456K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1156%	1h	319.23	+0.081%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.462%	$24K	$2K	12x	as long as short