Funding you earn now, next payment 23:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.099%
Price spread now: Binance against GMX+0.064%7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.350%−$35 on $10k
+Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.064%, 7d avg +0.015%
=The price spread pays, funding is against you. Binance is 0.049% dearer against GMX than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.015%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 3 days (−0.350% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 302.52 | L +0.0174% / S +0.0069% | pay 0.0022% / 1h | 34m 14s | $432K | — | 100x |
| Short | Binance TAOUSDT | 302.71 | 0.0100 | get 0.0050% / 4h | 1h 34m | $84.6M | $412.6M | 75x |
GMX TAO/USD [WBTC.b-USDC]
Binance TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$15.61
- Price spread: +0.064% → +0.015%
- $4.87
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.74
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: 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 Binance live order book, 9 min ago | 0.17 bp | 6.3 bp −$6 | 14.0 bp −$140 | 31.0 bp −$3,103 | 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 | −0.0186% | 1h | 303.81 | +0.428% | $162K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 302.48 | −0.011% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 302.59 | +0.023% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 302.53 | +0.004% | $44K | $536K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 302.67 | +0.049% | $1.1M | $7.7M | 50x | as long as short |
| Binance TAOUSDTshort | +0.0100% | 4h | 302.71 | +0.064% | $84.6M | $412.6M | 75x | |
| Bybit TAOUSDT | +0.0100% | 4h | 302.86 | +0.114% | $58.6M | $121.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 302.80 | +0.094% | $24.3M | $94.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 302.98 | +0.153% | $79K | $642K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 302.50 | −0.005% | $12.1M | $48.7M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 302.50 | −0.005% | $109.9M | $124.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 302.44 | −0.025% | $18.4M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 302.96 | +0.147% | $33.8M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 302.83 | +0.104% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.56 | +0.345% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.35 | +0.276% | $39K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.49 | +0.322% | $502K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 303.30 | +0.259% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 302.73 | +0.071% | $74K | $604K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 302.57 | +0.018% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 302.88 | +0.120% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 302.87 | +0.117% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.16 | +0.213% | $121K | $363K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.25 | +0.242% | $3.2M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 302.97 | +0.150% | $166K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 302.48 | −0.012% | $619 | $491K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0154% | 8h | 302.96 | +0.146% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 302.95 | +0.145% | $358K | $371K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0174% / S +0.0069% | 1h | 302.52 | long leg | $432K | — | 100x | |
| Deribit TAO_USDC-PERPETUAL | +0.0251% | 1h | 302.98 | +0.153% | $21K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 302.76 | +0.080% | $4.2M | $9.3M | 100x | as long as short |
| Lighter TAO | +0.0352% | 1h | 303.43 | +0.302% | $1.6M | $5.3M | 5x | as long as short |
| Nado TAO-PERP | +0.0360% | 1h | 302.54 | +0.007% | $816K | $1.9M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0400% | 1h | 302.57 | +0.018% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0424% | 1h | 302.95 | +0.143% | $377K | $757K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 302.70 | +0.061% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 302.50 | −0.007% | $348 | — | 20x | as long as short |
| Extended TAO-USD | +0.0840% | 1h | 303.08 | +0.186% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 303.64 | +0.371% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1041% | 1h | 303.33 | +0.269% | $5.7M | $19.6M | 50x | as long as short |
| Hyperliquid TAO | +0.1065% | 1h | 302.84 | +0.107% | $91.9M | $80.4M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 302.81 | +0.095% | $410K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +2.054% | $22K | $264 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
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
Pacifica TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Lighter TAO
Nado TAO-PERP
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP