Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.076%
Price spread now: Polymarket Perps against GMX+0.068%7-day average 0.000% · 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)−0.357%−$36 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.068%, 7d avg 0.000%
=The price spread pays, funding is against you. Polymarket Perps is 0.068% dearer against GMX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of 0.000%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 3 days (−0.357% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 310.66 | L +0.0134% / S +0.0137% | pay 0.0017% / 1h | 2m 19s | $413K | — | 100x |
| Short | Polymarket Perps TAO-USD | 310.87 | 0.0100 | get 0.0013% / 1h | 2m 19s | $81K | $905K | 5x |
GMX TAO/USD [WBTC.b-USDC]
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- −$7.16
- Price spread: +0.068% → 0.000%
- $6.82
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$20.35
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 51 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 Polymarket Perps live order book, 51 min ago | 0.96 bp | 5.0 bp −$5 | 5.4 bp −$54 | 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 | −0.0349% | 1h | 310.93 | +0.087% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.73 | +0.023% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0020% | 1h | 310.68 | +0.007% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.84 | +0.058% | $48K | $662K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 310.80 | +0.045% | $1K | $864K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.05 | +0.127% | $354K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 310.93 | +0.087% | $88.8M | $503.4M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.90 | +0.078% | $25.9M | $120.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.80 | +0.045% | $13.3M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.10 | +0.142% | $103.0M | $145.9M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.91 | +0.081% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.78 | +0.039% | $35.0M | $56.8M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.13 | +0.473% | $41K | $314K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.06 | +0.451% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0100% | 1h | 310.87 | +0.068% | $81K | $905K | 5x | |
| Bullet TAO-USD | +0.0100% | 1h | 311.04 | +0.121% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.68 | +0.007% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 309.89 | −0.247% | $110K | $542K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.07 | +0.132% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0110% | 4h | 311.09 | +0.140% | $1.3M | $10.5M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0114% | 4h | 311.90 | +0.400% | $530K | $942K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 310.92 | +0.084% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0134% / S +0.0137% | 1h | 310.66 | long leg | $413K | — | 100x | |
| Phemex TAOUSDT | +0.0150% | 4h | 311.00 | +0.110% | $3.1M | $8.0M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0176% | 8h | 310.91 | +0.080% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.23 | +0.184% | $100K | $370K | 5x | as long as short |
| Bulk TAO-USD | +0.0253% | 1h | 311.89 | +0.396% | $166K | $333 | 10x | as long as short |
| Bybit TAOUSDT | +0.0286% | 4h | 310.79 | +0.042% | $67.2M | $150.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0304% | 4h | 310.94 | +0.091% | — | $33.8M | — | as long as short |
| Nado TAO-PERP | +0.0310% | 1h | 311.10 | +0.141% | $785K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 310.99 | +0.107% | $907K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0338% | 4h | 312.45 | +0.577% | $5.5M | $10.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 310.93 | +0.087% | $4.5M | $10.7M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.40 | +0.560% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0460% | 1h | 311.19 | +0.171% | $91.2M | $108.1M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0478% | 1h | 310.90 | +0.078% | $309K | $885K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0496% | 1h | 311.36 | +0.226% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0509% | 1h | 311.01 | +0.114% | $12K | $1.8M | 25x | as long as short |
| Lighter TAO | +0.0592% | 1h | 311.12 | +0.148% | $1.5M | $6.6M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 311.05 | +0.127% | $358 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 311.01 | +0.114% | $441K | $648K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.01 | +0.435% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.73 | +1.632% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Phemex TAOUSDT
Paradex TAO-USD-PERP
Arcus TAO-USD
Bulk TAO-USD
Bybit TAOUSDT
BingX TAO-USDT
Nado TAO-PERP
Extended TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP