Funding you earn now, next payment 05:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.399%
Price spread now: Bulk against GMX−0.047%46s7-day average −0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.731%−$73 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now −0.047%, 7d avg −0.092%
=The price spread pays, funding is against you. Bulk is 0.045% dearer against GMX than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.092%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 3 days (−0.731% in total) that is about 5 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 314.95 | L +0.0143% / S +0.0124% | pay 0.0018% / 1h | 57m 27s | $428K | — | 100x |
| Short | Bulk TAO-USD | 314.80 | 0.0100 | get 0.0013% / 1h | 57m 27s | $167K | $2K | 10x |
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$9.08
- Price spread: −0.047% → −0.092%
- $4.49
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$23.59
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bulk: live order book, 61 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 Bulk live order book, 61 min ago | 0.16 bp | 4.8 bp −$5 | 9.4 bp −$94 | 21.9 bp −$2,186 | 33.1 bp −$16.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0344% | 1h | 315.81 | +0.275% | $5.6M | $20.6M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 314.80 | −0.047% | $126K | $85K | 5x | as long as short |
| Gate TAO_USDT | +0.0004% | 4h | 314.40 | −0.174% | $13.0M | $49.2M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.96 | +0.003% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.45 | −0.158% | $43K | $655K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 314.12 | −0.263% | $2K | $801K | 5x | as long as short |
| Hyperliquid TAO | +0.0100% | 1h | 314.56 | −0.122% | $92.5M | $106.7M | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 315.02 | +0.023% | $359K | $412K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.52 | −0.135% | $90.8M | $495.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.43 | −0.164% | $67.7M | $149.0M | 50x | as long as short |
Kraken Futures PF_TAOUSD
dYdX TAO-USD
Gate TAO_USDT
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Hyperliquid TAO
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | −0.206% | $26.0M | $120.4M | 50x | as long as short |
| Bulk TAO-USDshort | +0.0100% | 1h | 314.80 | −0.047% | $167K | $2K | 10x | |
| MEXC TAO_USDT | +0.0100% | 4h | 314.67 | −0.088% | $100.9M | $143.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.00 | +0.016% | $17.8M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.06 | −0.282% | $35.1M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 314.60 | −0.111% | — | $32.9M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.93 | −0.006% | $42K | $311K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.82 | −0.042% | $534K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.03 | +0.026% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.33 | −0.196% | $77K | $863K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.19 | +0.077% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.72 | −0.072% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.41 | −0.171% | $109K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.75 | +0.255% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.24 | +0.093% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0125% | 4h | 315.21 | +0.083% | $52K | $271K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0143% / S +0.0124% | 1h | 314.95 | long leg | $428K | — | 100x | |
| Paradex TAO-USD-PERP | +0.0146% | 8h | 314.85 | −0.032% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0151% | 4h | 315.10 | +0.048% | $1.2M | $10.4M | 50x | as long as short |
| Nado TAO-PERP | +0.0161% | 1h | 314.50 | −0.141% | $799K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 314.36 | −0.187% | $923K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 314.72 | −0.072% | $101K | $440K | 5x | as long as short |
| Lighter TAO | +0.0312% | 1h | 315.30 | +0.111% | $1.5M | $6.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0320% | 1h | 314.42 | −0.168% | $3K | $4K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.69 | −0.082% | $4.5M | $10.9M | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0346% | 1h | 315.87 | +0.293% | $314K | $914K | 10x | as long as short |
| Variational Omni TAO | +0.0396% | 4h | 315.16 | +0.067% | $5.7M | $9.9M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0499% | 1h | 315.39 | +0.139% | $22K | $1.7M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 315.50 | +0.175% | $314K | $695K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.37 | −0.183% | $362 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 314.37 | −0.182% | $435K | $653K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 315.53 | +0.185% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.67 | +0.864% | $23K | $2K | 12x | as long as short |
OKX TAO-USDT-SWAP
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Aster TAOUSDT
Nado TAO-PERP
Extended TAO-USD
Arcus TAO-USD
Lighter TAO
01 Exchange TAOUSD
BloFin TAO-USDT
Backpack TAO_USDC_PERP
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP