Funding you earn now, next payment 08:00 UTC+0.0728%/8h= +79.7% APRnext payment +$0.91 per $10,000 · paid last 24h +0.118%
Price spread now: RISEx against GMX+0.084%7-day average +0.030% · 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)+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.084%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and RISEx is 0.054% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.112% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 318.85 | L +0.0103% / S +0.0137% | pay 0.0013% / 1h | 8m 12s | $411K | — | 100x |
| Short | RISEx TAO/USDC | 319.12 | 0.0831 | get 0.0104% / 1h | 8m 12s | $452K | $662K | 5x |
GMX TAO/USD [WBTC.b-USDC]
RISEx TAO/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $152.93
- Price spread: +0.084% → +0.030%
- $5.36
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $140.29
- Costs to cover
- 0.180%
- Break-even
- 0.6 days
Slippage unknown: GMX: no order-book sample; RISEx: live order book, 30 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 RISEx live order book, 30 min ago | 2.68 bp | 5.7 bp −$6 | 27.0 bp −$270 | 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 | 318.84 | −0.003% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0067% | 1h | 319.39 | +0.170% | $128K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.03 | +0.057% | $48K | $715K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.10 | +0.079% | $26.5M | $132.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.80 | −0.015% | $14.8M | $52.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.22 | +0.117% | $17.9M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.86 | +0.004% | $36.0M | $58.1M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.96 | +0.035% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.94 | +0.029% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.56 | −0.090% | $117K | $603K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0103% / S +0.0137% | 1h | 318.85 | long leg | $411K | — | 100x | |
| Katana Perps TAO-USD | +0.0106% | 8h | 318.96 | +0.035% | $653 | $1.2M | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0121% | 1h | 319.65 | +0.252% | $46K | $259K | 50x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.48 | +0.198% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0179% | 4h | 319.20 | +0.111% | $52K | $294K | 10x | as long as short |
| edgeX TAOUSDC | +0.0189% | 4h | 319.75 | +0.282% | $42K | $319K | 10x | as long as short |
| MEXC TAO_USDT | +0.0194% | 4h | 319.16 | +0.098% | $104.3M | $152.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0195% | 4h | 319.12 | +0.085% | $92.3M | $533.6M | 75x | as long as short |
| Bulk TAO-USD | +0.0217% | 1h | 317.92 | −0.290% | $169K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 319.66 | +0.253% | $15K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0272% | 4h | 319.13 | +0.089% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0285% | 4h | 319.25 | +0.126% | $70.2M | $157.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0305% | 1h | 319.32 | +0.147% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 319.69 | +0.264% | $375K | $465K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0318% | 4h | 319.67 | +0.257% | $544K | $896K | 10x | as long as short |
| Aster TAOUSDT | +0.0356% | 4h | 319.10 | +0.079% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0384% | 1h | 319.22 | +0.118% | $906K | $2.4M | 25x | as long as short |
| Phemex TAOUSDT | +0.0432% | 4h | 319.21 | +0.114% | $3.2M | $8.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0435% | 4h | 319.37 | +0.164% | $4.7M | $11.0M | 100x | as long as short |
| Nado TAO-PERP | +0.0468% | 1h | 318.92 | +0.022% | $782K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 319.49 | +0.201% | $101K | $384K | 5x | as long as short |
| Variational Omni TAO | +0.0568% | 4h | 319.84 | +0.311% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 319.90 | +0.330% | $322K | $703K | 5x | as long as short |
| Lighter TAO | +0.0632% | 1h | 319.38 | +0.166% | $1.6M | $6.9M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0688% | 1h | 319.43 | +0.183% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.10 | +0.079% | $367 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0699% | 1h | 319.23 | +0.119% | $15K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0703% | 1h | 319.29 | +0.139% | $417K | $969K | 10x | as long as short |
| Hyperliquid TAO | +0.0704% | 1h | 319.22 | +0.117% | $94.5M | $110.1M | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0830% | 1h | 319.30 | +0.143% | $6.0M | $21.7M | 50x | as long as short |
| RISEx TAO/USDCshort | +0.0831% | 1h | 319.12 | +0.084% | $452K | $662K | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 319.20 | +0.111% | $1.3M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.44 | +1.127% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
ApeX Omni TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Bulk TAO-USD
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
Extended TAO-USD
Phemex TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
Lighter TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Hyperliquid TAO
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP