Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.093%
Price spread now: Katana Perps against GMX+0.420%45s7-day average +0.036% · 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)−0.199%−$20 on $10k
+Price spread, last 3 days (all we have)−0.538%−$54 · spread now +0.420%, 7d avg +0.036%
=The price spread pays, funding is against you. Katana Perps is 0.384% dearer against GMX than usual: you sell high and buy low (spread +0.420% now, against its 7-day average of +0.036%): +$38 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 3 days (−0.199% in total) that is about 6.2 days. The two prices were read 45 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] | 319.09 | L +0.0174% / S +0.0089% | pay 0.0022% / 1h | 34m 31s | $463K | — | 100x |
| Short | Katana Perps TAO-USD | 320.43 | 0.0119 | get 0.0119% / 8h | 7h 34m | $2K | $616K | 5x |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$11.47
- Price spread: +0.420% → +0.036%
- $38.41
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $11.14
- Costs to cover
- 0.158%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Katana Perps: 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 Katana Perps no order-book sample | — | — | — | — | — |
GMX and Katana Perps: 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 | −0.1322% | 1h | 319.84 | +0.236% | $170K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.0525% | 4h | 319.48 | +0.123% | $3.4M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.67 | +0.496% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.34 | +0.080% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.41 | +0.414% | $42K | $587K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 320.48 | +0.436% | $92.3M | $445.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | +0.098% | $26.3M | $108.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.00 | +0.599% | $13.0M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.60 | +0.160% | $108.1M | $134.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.60 | +0.160% | $18.2M | $29.1M | 75x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 319.28 | +0.060% | $35.7M | $50.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.20 | −0.277% | $40K | $292K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.52 | −0.804% | $524K | $960K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.60 | +0.160% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.21 | +0.038% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.94 | +0.267% | $128K | $424K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.99 | +0.282% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USDshort | +0.0119% | 8h | 320.43 | +0.420% | $2K | $616K | 5x | |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0174% / S +0.0089% | 1h | 319.09 | long leg | $463K | — | 100x | |
| Bullet TAO-USD | +0.0177% | 1h | 319.84 | +0.236% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 321.07 | +0.621% | $380K | $374K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 321.48 | +0.750% | $85K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0237% | 4h | 320.56 | +0.462% | $1.1M | $8.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0243% | 8h | 321.22 | +0.668% | $15K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0263% | 1h | 319.61 | +0.165% | $18K | $1.6M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.99 | +0.283% | $4.5M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0344% | 1h | 319.23 | +0.044% | $48K | $266K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0349% | 1h | 320.24 | +0.361% | $94K | $638K | 5x | as long as short |
| Variational Omni TAO | +0.0398% | 4h | 320.33 | +0.388% | $5.6M | $8.7M | — | as long as short |
| BingX TAO-USDT | +0.0428% | 4h | 321.52 | +0.762% | — | $30.5M | — | as long as short |
| Bybit TAOUSDT | +0.0450% | 4h | 320.19 | +0.345% | $65.8M | $132.9M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0480% | 1h | 319.57 | +0.151% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.50 | −0.498% | $332K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.79 | +0.220% | $23K | $666 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 321.22 | +0.668% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.63 | +0.170% | $368 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0757% | 1h | 319.71 | +0.194% | $893K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0894% | 1h | 319.95 | +0.270% | $323K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.02 | +0.292% | $1.5M | $6.2M | 50x | as long as short |
| Extended TAO-USD | +0.1128% | 1h | 321.47 | +0.746% | $936K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 321.13 | +0.640% | $427K | $600K | 5x | as long as short |
| Lighter TAO | +0.1488% | 1h | 321.48 | +0.750% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2361% | 1h | 320.48 | +0.436% | $103.6M | $90.7M | 5x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Bullet TAO-USD
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Variational Omni TAO
BingX TAO-USDT
Bybit TAOUSDT
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO