TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.009%

Price spread now: GMX against Popdex−0.291%7-day average −0.014% · you buy dearer than you sell

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

Long on Popdex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.770%+$77 · spread now −0.291%, 7d avg −0.014%

Together, before fees+0.864%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.277% cheaper against Popdex than usual: you would sell low and buy high (spread −0.291% now, against its 7-day average of −0.014%). If the spread goes back, that is −$28 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.094% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	317.21	0.0096	pay 0.0012% / 1h	46m 49s	$50K	$717K	20x
Short	GMX TAO/USD [WBTC.b-USDC]	316.29	L +0.0362% / S −0.0107%	get 0.0013% / 1h	46m 49s	$372K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Popdex. 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 PopdexbpFee GMXbpOrdersPrice spread, now −0.291%Rate

Funding earned: $2.37
Price spread: −0.291% → −0.014%: −$27.73
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$43.77
Costs to cover: 0.184%
Break-even: 136.5 days

Slippage unknown: Popdex: live order book, 52 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 Popdex live order book, 52 min ago	2.21 bp	10.1 bp −$10	72.5 bp −$725	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.25	−0.304%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0066%	1h	316.46	−0.238%	$127K	$86K	5x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	317.21	long leg	$50K	$717K	20x
Katana Perps TAO-USD	+0.0100%	8h	317.01	−0.063%	$920	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	−0.192%	$26.4M	$131.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.224%	$14.8M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.64	−0.180%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.64	−0.180%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.88	−0.104%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.94	−0.085%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	316.41	−0.252%	$116K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.55	−0.208%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.81	−0.126%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	316.75	−0.145%	$104.3M	$151.6M	300x	as long as short
edgeX TAOUSDC	+0.0164%	4h	316.63	−0.181%	$42K	$321K	10x	as long as short
Binance TAOUSDT	+0.0165%	4h	316.75	−0.145%	$92.7M	$531.7M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0204%	4h	316.55	−0.208%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0225%	1h	316.59	−0.195%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0228%	4h	316.92	−0.092%	$542K	$887K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	−0.322%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.91	−0.096%	$14K	$876	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0289%	1h	316.57	−0.200%	$15K	$1.9M	25x	as long as short
ApeX Omni TAOUSDT	+0.0294%	1h	316.58	−0.199%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0326%	4h	316.90	−0.098%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.87	−0.108%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0362% / S −0.0107%	1h	316.29	−0.291%	$372K	—	100x
Extended TAO-USD	+0.0376%	1h	316.63	−0.184%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	316.72	−0.154%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	317.36	+0.047%	$100K	$377K	5x	as long as short
Bybit TAOUSDT	+0.0481%	4h	316.80	−0.129%	$69.7M	$156.2M	50x	as long as short
Hyperliquid TAO	+0.0528%	1h	317.00	−0.066%	$93.4M	$110.1M	5x	as long as short
Nado TAO-PERP	+0.0565%	1h	316.73	−0.151%	$770K	$2.0M	10x	as long as short
BingX TAO-USDT	+0.0568%	4h	316.82	−0.123%	—	$37.4M	—	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.508%	$317K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.56	+0.110%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.381%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0640%	1h	316.88	−0.106%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.52	−0.217%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0786%	1h	316.62	−0.185%	$6.0M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0786%	1h	316.79	−0.132%	$317K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.95	−0.083%	$449K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.98	−0.073%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+0.678%	$23K	$2K	12x	as long as short