Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.078%
Price spread now: edgeX against GMX+0.650%7-day average −0.008% · 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)−0.360%−$36 on $10k
+Price spread, last 4 days (all we have)−0.835%−$84 · spread now +0.650%, 7d avg −0.008%
=Together, before fees−1.195%+ Points / potential airdropedgeX: Active · farm board−$119 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.657% dearer against GMX than usual: you sell high and buy low (spread +0.650% now, against its 7-day average of −0.008%): +$66 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 52 days. At the pace of the last 3 days (−0.360% in total) that is about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 312.15 | L +0.0142% / S +0.0125% | pay 0.0018% / 1h | 51m 13s | $424K | — | 100x |
| Short | edgeX TAOUSDC | 314.18 | 0.0100 | get 0.0050% / 4h | 3h 51m | $42K | $312K | 10x |
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$8.87
- Price spread: +0.650% → −0.008%
- $65.75
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $35.88
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; edgeX: live order book, 2 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 edgeX live order book, 2 min ago | 4.77 bp | 9.3 bp −$9 | 24.0 bp −$240 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 312.05 | −0.033% | $5.5M | $20.6M | 50x | as long as short |
| Gate TAO_USDT | −0.0174% | 4h | 312.60 | +0.144% | $13.0M | $49.3M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.75 | +0.191% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.20 | +0.016% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.89 | +0.237% | $43K | $653K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 312.72 | +0.183% | $640 | $808K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.11 | +0.309% | $357K | $412K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.25 | +0.031% | $90.0M | $496.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.35 | +0.064% | $67.3M | $149.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.20 | +0.016% | $25.9M | $120.0M | 50x | as long as short |
Kraken Futures PF_TAOUSD
Gate TAO_USDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +0.945% | $167K | $2K | 10x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.23 | +0.026% | $100.9M | $143.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.14 | −0.003% | $17.7M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.01 | −0.045% | $34.9M | $56.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.36 | +0.067% | — | $33.0M | — | as long as short |
| edgeX TAOUSDCshort | +0.0100% | 4h | 314.18 | +0.650% | $42K | $312K | 10x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.25 | +0.673% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.66 | +0.164% | $81K | $866K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.58 | +0.139% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.24 | +0.029% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.74 | −0.131% | $109K | $536K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.30 | +0.048% | $172K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0112% | 4h | 314.50 | +0.754% | $533K | $955K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 312.18 | +0.010% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0140% | 4h | 312.75 | +0.191% | $1.2M | $10.4M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0142% / S +0.0125% | 1h | 312.15 | long leg | $424K | — | 100x | |
| Paradex TAO-USD-PERP | +0.0143% | 8h | 313.15 | +0.320% | $14K | $1K | 10x | as long as short |
| Hyperliquid TAO | +0.0149% | 1h | 312.85 | +0.224% | $91.8M | $106.7M | 5x | as long as short |
| Extended TAO-USD | +0.0184% | 1h | 312.20 | +0.017% | $918K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0230% | 1h | 312.20 | +0.017% | $21K | $1.7M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 313.15 | +0.321% | $101K | $441K | 5x | as long as short |
| Nado TAO-PERP | +0.0240% | 1h | 312.95 | +0.257% | $794K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.43 | +0.090% | $4.5M | $10.8M | 100x | as long as short |
| Lighter TAO | +0.0360% | 1h | 312.45 | +0.097% | $1.5M | $6.4M | 5x | as long as short |
| Variational Omni TAO | +0.0362% | 4h | 313.70 | +0.497% | $5.6M | $9.9M | — | as long as short |
| 01 Exchange TAOUSD | +0.0400% | 1h | 313.00 | +0.273% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0414% | 1h | 313.82 | +0.535% | $312K | $914K | 10x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 313.90 | +0.561% | $312K | $711K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.66 | +0.164% | $360 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.87 | +0.229% | $434K | $653K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.56 | +0.132% | $1.5M | $6.6M | 50x | as long as short |
| Phemex TAOUSDT | +0.1673% | 4h | 312.34 | +0.061% | $3.2M | $8.1M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.676% | $23K | $2K | 12x | as long as short |
Bulk TAO-USD
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Aster TAOUSDT
Paradex TAO-USD-PERP
Hyperliquid TAO
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
Variational Omni TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Phemex TAOUSDT
Injective TAO/USDC PERP