Funding you earn now, next payment 02:00 UTC−0.0560%/8h= −61.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.606%
Price spread now: GMX against Injective+1.017%57s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. GMX is 1.017% dearer against Injective than usual: you sell high and buy low (spread +1.017% now, against zero (this spread has no 7-day history yet)): +$102 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6.0 days. The two prices were read 57 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 | Injective TAO/USDC PERP | 312.28 | 0.0470 | pay 0.0059% / 1h | 23m 46s | $23K | $2K | 12x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 315.46 | L +0.0169% / S +0.0091% | pay 0.0011% / 1h | 23m 46s | $441K | — | 100x |
Injective TAO/USDC PERP
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- −$117.66
- Price spread: +1.017% → 0.000%
- $101.69
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$27.99
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Injective and 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 42 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 | 316.42 | +1.327% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.48 | +1.025% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.33 | +0.977% | $39K | $628K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.50 | +1.351% | $90.7M | $465.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.70 | +1.415% | $26.1M | $113.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.30 | +1.287% | $12.9M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.49 | +1.348% | $110.1M | $138.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.82 | +1.454% | $18.1M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.41 | +1.323% | $35.3M | $53.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.28 | +0.641% | $35K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.06 | +0.250% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.73 | +1.105% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.58 | +1.057% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.40 | +0.999% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.62 | +1.070% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.11 | +1.228% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0120% | 8h | 316.54 | +1.364% | $673 | $707K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0130% | 1h | 315.32 | +0.973% | $82K | $680K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0136% | 4h | 314.59 | +0.738% | $518K | $966K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0167% | 1h | 315.85 | +1.143% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0169% / S +0.0091% | 1h | 315.46 | +1.017% | $441K | — | 100x | |
| Bullet TAO-USD | +0.0231% | 1h | 315.89 | +1.156% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0246% | 4h | 316.63 | +1.393% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 316.68 | +1.409% | $372K | $381K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 316.93 | +1.489% | $100K | $529K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0345% | 8h | 316.68 | +1.411% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0458% | 1h | 315.68 | +1.088% | $23K | $1.5M | 25x | as long as short |
| Injective TAO/USDC PERPlong | +0.0470% | 1h | 312.28 | long leg | $23K | $2K | 12x | |
| Nado TAO-PERP | +0.0512% | 1h | 315.50 | +1.030% | $786K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | +0.006% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 315.72 | +1.102% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.38 | +0.993% | $363 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0760% | 4h | 316.51 | +1.355% | — | $30.9M | — | as long as short |
| Variational Omni TAO | +0.0822% | 4h | 315.55 | +1.048% | $5.5M | $8.9M | — | as long as short |
| Bybit TAOUSDT | +0.0823% | 4h | 316.96 | +1.499% | $66.5M | $137.9M | 50x | as long as short |
| Extended TAO-USD | +0.0888% | 1h | 316.55 | +1.367% | $909K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0910% | 1h | 316.17 | +1.246% | $319K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 316.20 | +1.255% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 316.61 | +1.388% | $452K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1275% | 1h | 316.68 | +1.409% | $100.4M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 317.12 | +1.549% | $1.6M | $6.1M | 5x | as long as short |
| Bulk TAO-USD | +0.2752% | 1h | 308.95 | −1.068% | $164K | $40K | 10x | as long as short |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD