Funding you earn now, next payment 05:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h 0.000%
Price spread now: GMX against Katana Perps+0.095%7-day average −0.038% · 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)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.095%, 7d avg −0.038%
=The price spread pays, funding is against you. GMX is 0.132% dearer against Katana Perps than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.038%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 3 days (−0.048% in total) that is about 9.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.048% in total (about -5.2% 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 | Katana Perps TAO-USD | 310.52 | 0.0099 | pay 0.0099% / 8h | 3h 26m | $636 | $837K | 5x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 310.81 | L +0.0138% / S +0.0134% | pay 0.0017% / 1h | 26m 18s | $412K | — | 100x |
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Katana Perps. 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
- −$48.88
- Price spread: +0.095% → −0.038%
- $13.23
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$51.45
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Katana Perps 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 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 | 310.92 | +0.128% | $5.5M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.78 | +0.083% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0015% | 1h | 310.67 | +0.047% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.78 | +0.084% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0099% | 8h | 310.52 | long leg | $636 | $837K | 5x | |
| Pacifica TAO | +0.0100% | 1h | 310.78 | +0.084% | $354K | $414K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 310.94 | +0.135% | $89.1M | $500.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.05 | +0.171% | $67.0M | $150.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.00 | +0.155% | $25.9M | $120.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.70 | +0.058% | $13.2M | $50.1M | 50x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 311.04 | +0.167% | $101.7M | $144.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.66 | +0.045% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.69 | +0.055% | $34.7M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.84 | +0.103% | — | $33.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.06 | +0.494% | $41K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.97 | +0.466% | $530K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.03 | +0.486% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.66 | +0.045% | $78K | $899K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.07 | +0.177% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.80 | +0.090% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.24 | −0.090% | $108K | $539K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.00 | +0.154% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0110% | 4h | 310.99 | +0.151% | $1.3M | $10.4M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0117% | 4h | 310.92 | +0.129% | $51K | $291K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0138% / S +0.0134% | 1h | 310.81 | +0.095% | $412K | — | 100x | |
| Paradex TAO-USD-PERP | +0.0138% | 8h | 310.76 | +0.076% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.06 | +0.174% | $101K | $397K | 5x | as long as short |
| Bulk TAO-USD | +0.0264% | 1h | 312.41 | +0.609% | $166K | $333 | 10x | as long as short |
| Extended TAO-USD | +0.0296% | 1h | 310.95 | +0.139% | $909K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0308% | 4h | 312.74 | +0.715% | $5.5M | $10.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 310.89 | +0.119% | $4.5M | $10.7M | 100x | as long as short |
| Nado TAO-PERP | +0.0358% | 1h | 310.68 | +0.052% | $782K | $2.2M | 10x | as long as short |
| Phemex TAOUSDT | +0.0398% | 4h | 310.95 | +0.138% | $3.2M | $8.0M | 50x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.60 | +0.670% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0460% | 1h | 310.94 | +0.135% | $91.4M | $107.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 310.87 | +0.113% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0491% | 1h | 311.13 | +0.196% | $309K | $885K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0496% | 1h | 310.99 | +0.151% | $16K | $1.8M | 25x | as long as short |
| Lighter TAO | +0.0568% | 1h | 310.97 | +0.144% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 310.71 | +0.063% | $357 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 310.80 | +0.090% | $442K | $657K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.86 | +0.432% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +1.520% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Arcus TAO-USD
Bulk TAO-USD
Extended TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Nado TAO-PERP
Phemex TAOUSDT
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP