TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0869%/8h= −95.2% APRnext payment −$1.09 per $10,000 · paid last 24h −0.053%

Price spread now: GMX against RISEx−0.232%7-day average −0.020% · you buy dearer than you sell

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

Long on RISEx Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.235%−$23 on $10k

Price spread, last 3 days (all we have)+0.365%+$36 · spread now −0.232%, 7d avg −0.020%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and GMX is 0.212% cheaper against RISEx than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.235% in total (about -27.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.09 per $10,000. 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	RISEx TAO/USDC	308.44	0.1053	pay 0.0132% / 1h	0m 08s	$415K	$544K	5x
Short	GMX TAO/USD [WBTC.b-USDC]	307.73	L +0.0485% / S −0.0184%	get 0.0023% / 1h	0m 08s	$452K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against RISEx. 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 RISExbpFee GMXbpOrdersPrice spread, now −0.232%Rate

Funding earned: −$182.59
Price spread: −0.232% → −0.020%: −$21.2
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$221.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 23 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 RISEx live order book, 23 min ago	0.65 bp	3.7 bp −$4	doesn't fit	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	−0.0306%	1h	307.82	−0.203%	$202K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.46	+0.005%	$130K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.39	−0.341%	$11K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.77	−0.220%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.24	−0.066%	$43K	$532K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.71	+0.086%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.59	−0.276%	$86.3M	$406.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.66	−0.255%	$59.9M	$119.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.50	−0.306%	$24.8M	$94.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.67	+0.073%	$138K	$584K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.40	−0.339%	$12.3M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.55	−0.290%	$120.0M	$127.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.45	−0.323%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.43	−0.329%	$34.6M	$45.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.61	−0.271%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.90	+0.149%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.38	+0.303%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	+0.073%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	−0.044%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.35	−0.031%	$78K	$651K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.21	−0.077%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.42	−0.332%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.06	−0.125%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.23	−0.394%	$121K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.52	−0.300%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.53	−0.296%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	308.43	−0.005%	$631	$469K	5x	as long as short
Aster TAOUSDT	+0.0160%	4h	307.88	−0.184%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0161%	8h	308.53	+0.029%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.212%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0319%	1h	308.24	−0.066%	$847K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.79	+0.112%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0485% / S −0.0184%	1h	307.73	−0.232%	$452K	—	100x
01 Exchange TAOUSD	+0.0552%	1h	308.55	+0.034%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.17	−0.088%	$354	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	307.44	−0.326%	$898K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0873%	1h	307.65	−0.258%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.31	−0.044%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.0968%	1h	307.96	−0.156%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.59	−0.277%	$6.3M	$19.1M	50x	as long as short
RISEx TAO/USDClong	+0.1053%	1h	308.44	long leg	$415K	$544K	5x
Hyperliquid TAO	+0.1879%	1h	308.27	−0.057%	$96.6M	$77.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.092%	$22K	$271	12x	as long as short