Funding you earn now, next payment 03:00 UTC+0.0750%/8h= +82.1% APRnext payment +$0.94 per $10,000 · paid last 24h −0.027%
Price spread now: Extended against GMX+0.325%7-day average −0.031% · 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)−0.285%−$29 on $10k
+Price spread, last 4 days (all we have)−0.824%−$82 · spread now +0.325%, 7d avg −0.031%
=Together, before fees−1.110%+ Points / potential airdropExtended: Active · farm board−$111 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Extended is 0.356% dearer against GMX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 3 days funding on this pair cost −0.285%, 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] | 320.08 | L +0.0162% / S +0.0106% | pay 0.0020% / 1h | 36m 22s | $435K | — | 100x |
| Short | Extended TAO-USD | 321.12 | 0.0912 | get 0.0114% / 1h | 36m 22s | $939K | $2.3M | 25x |
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $157.42
- Price spread: +0.325% → −0.031%
- $35.62
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $176.03
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Extended: 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 Extended live order book, 2 min ago | 4.86 bp | 7.4 bp −$7 | 9.0 bp −$90 | 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 | −0.3652% | 1h | 316.49 | −1.121% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.84 | +0.238% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.05 | −0.008% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.77 | +0.216% | $45K | $657K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 320.49 | +0.129% | $93.4M | $474.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.30 | +0.069% | $26.3M | $117.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.50 | +0.132% | $13.1M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 320.64 | +0.176% | $109.7M | $140.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.49 | +0.129% | $18.1M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.49 | +0.129% | $35.8M | $54.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 319.73 | −0.108% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.02 | +0.294% | $88K | $789K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 320.64 | +0.176% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.50 | +0.132% | $130K | $479K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 321.10 | +0.319% | $3.5M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 321.02 | +0.296% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0107% | 4h | 320.46 | +0.119% | $58K | $281K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 320.84 | +0.238% | $682 | $765K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0162% / S +0.0106% | 1h | 320.08 | long leg | $435K | — | 100x | |
| GRVT TAO_USDT_Perp | +0.0238% | 4h | 319.35 | −0.229% | $531K | $957K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0245% | 1h | 320.86 | +0.243% | $5.7M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0303% | 1h | 320.58 | +0.158% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0320% | 8h | 321.19 | +0.348% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 321.38 | +0.407% | $4.5M | $10.7M | 100x | as long as short |
| Aster TAOUSDT | +0.0342% | 4h | 320.88 | +0.252% | $1.2M | $9.3M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 321.17 | +0.341% | $379K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 320.50 | +0.132% | $335K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 321.45 | +0.429% | $101K | $490K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0513% | 1h | 320.89 | +0.253% | $17K | $1.6M | 25x | as long as short |
| Nado TAO-PERP | +0.0539% | 1h | 320.54 | +0.144% | $777K | $2.1M | 10x | as long as short |
| Bybit TAOUSDT | +0.0591% | 4h | 320.48 | +0.126% | $68.5M | $140.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0608% | 4h | 320.37 | +0.091% | — | $30.3M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0686% | 1h | 319.20 | −0.274% | $47K | $254K | 50x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 320.58 | +0.157% | $369 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 321.39 | +0.410% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.044% | $5.9M | $9.7M | — | as long as short |
| Lighter TAO | +0.0888% | 1h | 321.38 | +0.407% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USDshort | +0.0912% | 1h | 321.12 | +0.325% | $939K | $2.3M | 25x | |
| Backpack TAO_USDC_PERP | +0.1015% | 1h | 321.59 | +0.472% | $442K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 321.24 | +0.363% | $1.5M | $6.6M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 321.21 | +0.354% | $457K | $627K | 5x | as long as short |
| Hyperliquid TAO | +0.1355% | 1h | 320.95 | +0.272% | $100.9M | $98.6M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | +1.028% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Bybit TAOUSDT
BingX TAO-USDT
ApeX Omni TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP