TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3145%/8h= +344.3% APRnext payment +$3.93 per $10,000 · paid last 24h +0.700%

Price spread now: Injective against GMX+0.454%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$94 a day on $10k at the current rate, and Injective is 0.454% dearer against GMX than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	321.16	L +0.0368% / S −0.0109%	pay 0.0046% / 1h	9m 00s	$380K	—	100x
Short	Injective TAO/USDC PERP	322.62	0.3512	get 0.0439% / 1h	9m 00s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee InjectivebpOrdersPrice spread, now +0.454%Rate

Funding earned: $660.35
Price spread: +0.454% → 0.000%: $45.43
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $693.76
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

GMX and Injective: 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	−0.0269%	1h	313.94	−2.248%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	321.22	+0.017%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.13	−0.010%	$49K	$697K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	321.85	+0.215%	$70.9M	$154.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.60	+0.137%	$26.7M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.40	+0.074%	$15.3M	$50.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.60	+0.137%	$17.5M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.31	+0.046%	$36.2M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.88	−0.087%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.06	−0.031%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	321.53	+0.115%	$117K	$547K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.29	+0.040%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.98	−0.056%	$3K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.29	+0.041%	$176K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	321.63	+0.146%	$103.7M	$155.4M	300x	as long as short
Binance TAOUSDT	+0.0162%	4h	321.70	+0.167%	$93.7M	$517.3M	75x	as long as short
edgeX TAOUSDC	+0.0164%	4h	319.68	−0.463%	$42K	$321K	10x	as long as short
BingX TAO-USDT	+0.0166%	4h	321.50	+0.106%	—	$38.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	321.61	+0.138%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0243%	4h	321.21	+0.015%	$55K	$272K	10x	as long as short
Bullet TAO-USD	+0.0286%	1h	321.15	−0.003%	$13K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0292%	1h	319.06	−0.654%	$45K	$256K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0312%	4h	319.87	−0.401%	$542K	$838K	10x	as long as short
Aster TAOUSDT	+0.0329%	4h	321.58	+0.130%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	321.35	+0.060%	$374K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0368% / S −0.0109%	1h	321.16	long leg	$380K	—	100x
Extended TAO-USD	+0.0376%	1h	321.47	+0.098%	$973K	$2.3M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	321.67	+0.158%	$4.8M	$11.0M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	321.63	+0.146%	$101K	$340K	5x	as long as short
Nado TAO-PERP	+0.0425%	1h	321.04	−0.038%	$757K	$2.0M	10x	as long as short
dYdX TAO-USD	+0.0448%	1h	321.34	+0.054%	$129K	$87K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0566%	1h	321.31	+0.046%	$20K	$1.9M	25x	as long as short
Phoenix TAO	+0.0578%	1h	321.30	+0.043%	$323K	$714K	5x	as long as short
Variational Omni TAO	+0.0591%	4h	319.75	−0.439%	$5.6M	$9.8M	—	as long as short
Lighter TAO	+0.0616%	1h	321.63	+0.144%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0647%	1h	321.81	+0.202%	$95.6M	$108.6M	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	321.46	+0.093%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	321.07	−0.027%	$369	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0730%	1h	321.68	+0.162%	$319K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0774%	1h	321.59	+0.132%	$6.2M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	320.65	−0.158%	$438K	$714K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.95	+0.246%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERPshort	+0.3512%	1h	322.62	+0.454%	$23K	$2K	12x