Funding you earn now, next payment 08:00 UTC+0.0579%/8h= +63.4% APRnext payment +$0.72 per $10,000 · paid last 24h +0.177%
Price spread now: Coinbase International against GMX+0.211%7-day average +0.196% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.175%+$18 on $10k
+Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.211%, 7d avg +0.196%
=The price spread sits at its 7-day average of +0.196%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.175% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 315.02 | L +0.0365% / S −0.0107% | pay 0.0046% / 1h | 50m 16s | $370K | — | 100x |
| Short | Coinbase International TAO-PERP-INTX | 315.68 | 0.0944 | get 0.0118% / 1h | 50m 16s | $1.2M | $7.2M | 50x |
GMX TAO/USD [WBTC.b-USDC]
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $121.66
- Price spread: +0.211% → +0.196%
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $101.17
- Costs to cover
- 0.220%
- Break-even
- 1.2 days
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago | 8.21 bp | 14.2 bp −$14 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 316.03 | +0.322% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0095% | 1h | 315.36 | +0.109% | $127K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.31 | +0.093% | $49K | $717K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 315.22 | +0.065% | $2K | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.20 | +0.058% | $26.3M | $130.5M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 317.09 | +0.658% | $168K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.10 | +0.027% | $14.8M | $49.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.18 | +0.052% | $17.7M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.00 | −0.005% | $35.5M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.00 | −0.005% | $86K | $1.2M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 315.12 | +0.033% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.16 | +0.046% | $115K | $589K | 20x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 315.56 | +0.171% | $173K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0140% | 4h | 316.42 | +0.445% | $542K | $887K | 10x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 315.17 | +0.049% | $103.5M | $151.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0164% | 4h | 315.18 | +0.052% | $92.2M | $531.7M | 75x | as long as short |
| edgeX TAOUSDC | +0.0167% | 4h | 316.51 | +0.474% | $42K | $320K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0200% | 4h | 315.39 | +0.119% | $54K | $299K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0251% | 8h | 315.53 | +0.163% | $14K | $876 | 10x | as long as short |
| Bullet TAO-USD | +0.0268% | 1h | 315.40 | +0.122% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0302% | 1h | 315.24 | +0.071% | $15K | $1.9M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0308% | 1h | 316.74 | +0.547% | $46K | $259K | 50x | as long as short |
| Aster TAOUSDT | +0.0322% | 4h | 315.24 | +0.071% | $1.2M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 315.64 | +0.198% | $370K | $454K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0365% / S −0.0107% | 1h | 315.02 | long leg | $370K | — | 100x | |
| Extended TAO-USD | +0.0384% | 1h | 315.25 | +0.075% | $894K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0404% | 4h | 315.64 | +0.198% | $4.8M | $10.8M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 315.74 | +0.230% | $99K | $377K | 5x | as long as short |
| Bybit TAOUSDT | +0.0566% | 4h | 315.23 | +0.068% | $69.4M | $156.3M | 50x | as long as short |
| Hyperliquid TAO | +0.0566% | 1h | 315.43 | +0.131% | $93.1M | $109.9M | 5x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 316.50 | +0.471% | $318K | $714K | 5x | as long as short |
| Nado TAO-PERP | +0.0582% | 1h | 315.35 | +0.104% | $774K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0612% | 4h | 316.00 | +0.313% | $5.6M | $10.1M | — | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 315.52 | +0.160% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0680% | 1h | 315.45 | +0.138% | $1.6M | $6.6M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 315.29 | +0.087% | $363 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0789% | 1h | 315.30 | +0.091% | $5.9M | $21.3M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0806% | 1h | 315.48 | +0.147% | $315K | $1.0M | 10x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 315.33 | +0.100% | $447K | $667K | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0944% | 1h | 315.68 | +0.211% | $1.2M | $7.2M | 50x | |
| BingX TAO-USDT | +0.1210% | 4h | 315.34 | +0.103% | — | $37.4M | — | as long as short |
| Phemex TAOUSDT | +0.1665% | 4h | 315.15 | +0.042% | $3.2M | $8.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 321.91 | +2.188% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
Aster TAOUSDT
Pacifica TAO
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Bybit TAOUSDT
Hyperliquid TAO
Phoenix TAO
Nado TAO-PERP
Variational Omni TAO
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
BingX TAO-USDT
Phemex TAOUSDT
Injective TAO/USDC PERP