Funding you earn now, next payment 09:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.072%
Price spread now: GRVT against GMX+0.791%69s7-day average +0.017% · 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)−0.361%−$36 on $10k
+Price spread, last 4 days (all we have)−0.900%−$90 · spread now +0.791%, 7d avg +0.017%
=Together, before fees−1.260%+ Points / potential airdropGRVT: Active · farm board−$126 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.773% dearer against GMX than usual: you sell high and buy low (spread +0.791% now, against its 7-day average of +0.017%): +$77 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 4 days (−0.361% in total) that is about 7.5 days. The two prices were read 69 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] | 315.69 | L +0.0365% / S −0.0107% | pay 0.0046% / 1h | 53m 58s | $371K | — | 100x |
| Short | GRVT TAO_USDT_Perp | 318.19 | 0.0224 | get 0.0112% / 4h | 3h 53m | $545K | $887K | 10x |
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$29.68
- Price spread: +0.791% → +0.017%
- $77.35
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $26.67
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; GRVT: live order book, 44 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 GRVT live order book, 44 min ago | 2.68 bp | 9.0 bp −$9 | 18.1 bp −$181 | 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 | 315.63 | −0.018% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.36 | +0.212% | $49K | $718K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 316.05 | +0.114% | $2K | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.20 | +0.162% | $26.3M | $130.9M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 317.09 | +0.444% | $168K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.80 | +0.035% | $14.8M | $48.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.90 | +0.067% | $17.8M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.91 | +0.070% | $35.6M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.95 | +0.083% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.80 | +0.035% | $1K | $2.0M | 20x | as long as short |
gTrade (Gains Network) 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-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 315.86 | +0.054% | $116K | $590K | 20x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 316.20 | +0.162% | $174K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0157% | 1h | 317.94 | +0.713% | $46K | $259K | 50x | as long as short |
| MEXC TAO_USDT | +0.0166% | 4h | 316.00 | +0.098% | $103.7M | $151.3M | 300x | as long as short |
| Binance TAOUSDT | +0.0167% | 4h | 316.22 | +0.168% | $92.5M | $532.1M | 75x | as long as short |
| dYdX TAO-USD | +0.0171% | 1h | 315.86 | +0.054% | $127K | $86K | 5x | as long as short |
| edgeX TAOUSDC | +0.0175% | 4h | 318.15 | +0.779% | $42K | $319K | 10x | as long as short |
| BingX TAO-USDT | +0.0176% | 4h | 316.05 | +0.114% | — | $37.4M | — | as long as short |
| Orderly PERP_TAO_USDC | +0.0194% | 4h | 316.03 | +0.108% | $54K | $299K | 10x | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0224% | 4h | 318.19 | +0.791% | $545K | $887K | 10x | |
| Paradex TAO-USD-PERP | +0.0250% | 8h | 316.21 | +0.163% | $14K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0310% | 1h | 316.19 | +0.159% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0323% | 4h | 316.30 | +0.192% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 316.19 | +0.159% | $371K | $454K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0365% / S −0.0107% | 1h | 315.69 | long leg | $371K | — | 100x | |
| Extended TAO-USD | +0.0368% | 1h | 316.08 | +0.124% | $899K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0395% | 1h | 315.94 | +0.079% | $15K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 316.43 | +0.235% | $100K | $377K | 5x | as long as short |
| BloFin TAO-USDT | +0.0407% | 4h | 316.02 | +0.105% | $3.8M | $10.9M | 100x | as long as short |
| Hyperliquid TAO | +0.0504% | 1h | 316.18 | +0.155% | $93.5M | $109.5M | 5x | as long as short |
| Nado TAO-PERP | +0.0557% | 1h | 316.35 | +0.208% | $777K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0589% | 4h | 316.63 | +0.299% | $5.6M | $10.1M | — | as long as short |
| Lighter TAO | +0.0624% | 1h | 316.18 | +0.154% | $1.6M | $6.6M | 5x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.30 | +0.827% | $320K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 316.43 | +0.235% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 316.27 | +0.183% | $364 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0787% | 1h | 316.11 | +0.134% | $5.9M | $21.4M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0809% | 1h | 316.20 | +0.162% | $316K | $1.0M | 10x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 316.13 | +0.141% | $446K | $667K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 316.79 | +0.349% | $1.2M | $7.3M | 50x | as long as short |
| Phemex TAOUSDT | +0.1235% | 4h | 315.98 | +0.092% | $3.2M | $8.2M | 50x | as long as short |
| Bybit TAOUSDT | +0.1273% | 4h | 316.32 | +0.200% | $69.6M | $156.3M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 321.91 | +1.970% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Aevo TAO-PERP
ApeX Omni TAOUSDT
MEXC TAO_USDT
Binance TAOUSDT
dYdX TAO-USD
edgeX TAOUSDC
BingX TAO-USDT
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
BloFin TAO-USDT
Hyperliquid TAO
Nado TAO-PERP
Variational Omni TAO
Lighter TAO
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Phemex TAOUSDT
Bybit TAOUSDT
Injective TAO/USDC PERP