Funding you earn now, next payment 07:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.007%
Price spread now: GMX against GRVT+0.027%7-day average −0.017% · 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)+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.027%, 7d avg −0.017%
=Together, before fees+0.230%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.044% dearer against GRVT than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.017%): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 3 days funding on this pair paid +0.098%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.098% in total (about 10.5% a year). A funding rate is set anew for every payment. 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 | GRVT TAO_USDT_Perp | 318.88 | 0.0388 | pay 0.0194% / 4h | 1h 34m | $543K | $940K | 10x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 318.97 | L +0.0119% / S +0.0148% | pay 0.0019% / 1h | 34m 20s | $426K | — | 100x |
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against GRVT. 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
- −$112.59
- Price spread: +0.027% → −0.017%
- $4.4
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$129.18
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 9 min ago; GMX: 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 GRVT live order book, 9 min ago | 2.82 bp | 9.6 bp −$10 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.2019% | 1h | 319.65 | +0.241% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 318.54 | −0.106% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.52 | −0.112% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.09 | +0.065% | $42K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.90 | +0.006% | $26.7M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.70 | −0.057% | $14.2M | $51.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.70 | −0.057% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.58 | −0.094% | $35.8M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.10 | +0.069% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.80 | −0.026% | $80K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.87 | −0.004% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.21 | −0.211% | $118K | $589K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 318.99 | +0.034% | $724 | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0119% / S +0.0148% | 1h | 318.97 | +0.027% | $426K | — | 100x | |
| Aevo TAO-PERP | +0.0120% | 1h | 319.20 | +0.101% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 318.93 | +0.015% | $53K | $292K | 10x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 318.74 | −0.044% | $104.7M | $149.8M | 300x | as long as short |
| edgeX TAOUSDC | +0.0159% | 4h | 319.21 | +0.104% | $42K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0161% | 4h | 319.02 | +0.043% | $92.2M | $528.5M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0258% | 8h | 319.18 | +0.095% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0307% | 4h | 318.92 | +0.012% | $3.2M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0316% | 4h | 319.00 | +0.037% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0351% | 4h | 319.04 | +0.050% | $69.7M | $155.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0370% | 4h | 318.81 | −0.022% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0379% | 1h | 318.99 | +0.034% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perplong | +0.0388% | 4h | 318.88 | long leg | $543K | $940K | 10x | |
| BloFin TAO-USDT | +0.0399% | 4h | 318.66 | −0.069% | $4.7M | $11.0M | 100x | as long as short |
| Extended TAO-USD | +0.0472% | 1h | 319.18 | +0.093% | $912K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.09 | +0.064% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 318.75 | −0.041% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.70 | +0.257% | $318K | $709K | 5x | as long as short |
| Nado TAO-PERP | +0.0606% | 1h | 318.84 | −0.012% | $795K | $2.1M | 10x | as long as short |
| Hyperliquid TAO | +0.0610% | 1h | 318.97 | +0.028% | $94.3M | $110.2M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0624% | 1h | 319.37 | +0.153% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.13 | +0.392% | $103K | $394K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0673% | 1h | 319.27 | +0.122% | $297K | $905K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0676% | 1h | 319.17 | +0.090% | $11K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.94 | +0.019% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0808% | 1h | 319.29 | +0.127% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.89 | +0.630% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.13 | +0.077% | $456K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.26 | +0.117% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.489% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Nado TAO-PERP
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP