TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0784%/8h= −85.9% APRnext payment −$0.98 per $10,000 · paid last 24h −0.160%

Price spread now: GMX against Reya+0.073%7-day average — · you sell dearer than you buy

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

Long on Reya Short on GMX

What this pair did over the last

the charts below follow

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 0.073% dearer against Reya than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	318.07	0.0695	pay 0.0087% / 1h	32m 21s	$366	—	20x
Short	GMX TAO/USD [WBTC.b-USDC]	318.30	L +0.0173% / S +0.0089%	pay 0.0011% / 1h	32m 21s	$461K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$164.72
Price spread: +0.073% → 0.000%: $7.27
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$175.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya 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
Bulk TAO-USD	−0.1322%	1h	319.84	+0.555%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.1018%	4h	319.53	+0.458%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.61	−0.145%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.38	+0.096%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.52	−0.174%	$41K	$589K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.52	+0.142%	$91.8M	$446.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.70	+0.197%	$26.1M	$108.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.30	+0.071%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.40	+0.103%	$108.3M	$134.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.02	−0.017%	$18.2M	$29.2M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	318.49	+0.131%	$35.6M	$50.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	319.52	+0.454%	$40K	$293K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.62	+0.172%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.37	+0.093%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.96	+0.593%	$128K	$424K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	320.01	+0.608%	$529K	$969K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.70	+0.197%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	317.51	−0.177%	$1K	$621K	5x	as long as short
Bullet TAO-USD	+0.0165%	1h	318.53	+0.144%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0173% / S +0.0089%	1h	318.30	+0.073%	$461K	—	100x
Pacifica TAO	+0.0185%	1h	318.05	−0.007%	$377K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.73	−0.108%	$84K	$550K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0222%	1h	318.58	+0.159%	$17K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0236%	4h	317.63	−0.138%	$1.1M	$8.4M	50x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	317.60	−0.149%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0325%	1h	318.35	+0.087%	$93K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.76	+0.530%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0344%	1h	319.23	+0.364%	$48K	$266K	50x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.708%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	318.53	+0.144%	—	$30.5M	—	as long as short
Bybit TAOUSDT	+0.0471%	4h	318.75	+0.213%	$65.5M	$132.9M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0481%	1h	318.61	+0.169%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	320.00	+0.606%	$335K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.540%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	317.68	−0.124%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPlong	+0.0695%	1h	318.07	long leg	$366	—	20x
Nado TAO-PERP	+0.0795%	1h	317.86	−0.066%	$887K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0902%	1h	319.42	+0.423%	$323K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.54	+0.461%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.43	−0.201%	$422K	$600K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	318.62	+0.173%	$930K	$2.2M	25x	as long as short
Lighter TAO	+0.1440%	1h	319.38	+0.410%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2278%	1h	318.61	+0.169%	$102.9M	$90.8M	5x	as long as short