TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0389%/8h= −42.6% APRnext payment −$0.49 per $10,000 · paid last 24h −0.100%

Price spread now: Popdex against GMX+0.088%7-day average +0.005% · you sell dearer than you buy

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

Long on GMX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.347%−$35 on $10k

Price spread, last 3 days (all we have)−0.291%−$29 · spread now +0.088%, 7d avg +0.005%

Together, before fees−0.638%−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.083% dearer against GMX than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.005%): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	308.03	L +0.0485% / S −0.0184%	pay 0.0061% / 1h	12m 04s	$453K	—	100x
Short	Popdex TAOUSDT	308.30	0.0096	get 0.0012% / 1h	12m 04s	$41K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$81.69
Price spread: +0.088% → +0.005%: $8.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$91.83
Costs to cover: 0.184%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Popdex: live order book, 12 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 Popdex live order book, 12 min ago	1.78 bp	11.1 bp −$11	84.7 bp −$847	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
dYdX TAO-USD	0.0000%	1h	308.28	+0.081%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.07	+0.014%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0026%	1h	308.21	+0.059%	$15K	$1.3M	25x	as long as short
Bulk TAO-USD	+0.0052%	1h	305.44	−0.841%	$200K	$57K	10x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	308.30	+0.088%	$41K	$527K	20x
Pacifica TAO	+0.0100%	1h	308.63	+0.195%	$365K	$367K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.98	−0.016%	$86.3M	$404.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.08	+0.016%	$59.9M	$119.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.00	−0.010%	$25.5M	$93.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.68	+0.211%	$138K	$603K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.90	−0.042%	$12.3M	$48.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.11	+0.026%	$118.7M	$125.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.18	+0.049%	$18.7M	$26.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.46	−0.185%	$34.4M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.05	+0.006%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	309.10	+0.346%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.74	+0.555%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.81	+0.579%	$551K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.90	+0.607%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.40	+0.120%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.31	+0.090%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.13	+0.032%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.42	+0.127%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.16	+0.042%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.02	−0.003%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.33	+0.099%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.58	+0.178%	$1K	$449K	5x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	308.45	+0.136%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0160%	4h	308.12	+0.029%	$1.1M	$7.5M	50x	as long as short
Phoenix TAO	+0.0234%	1h	307.60	−0.140%	$326K	$462K	5x	as long as short
Nado TAO-PERP	+0.0306%	1h	308.43	+0.129%	$853K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.46	+0.139%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0485% / S −0.0184%	1h	308.03	long leg	$453K	—	100x
01 Exchange TAOUSD	+0.0528%	1h	308.65	+0.201%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.33	+0.097%	$355	—	20x	as long as short
Extended TAO-USD	+0.0728%	1h	307.59	−0.142%	$907K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	308.66	+0.205%	$1.7M	$4.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0954%	1h	308.20	+0.055%	$383K	$753K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	310.60	+0.834%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.53	+0.163%	$6.4M	$19.0M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.51	+0.157%	$412K	$542K	5x	as long as short
Hyperliquid TAO	+0.1803%	1h	308.83	+0.260%	$96.6M	$77.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.227%	$22K	$271	12x	as long as short