Funding you earn now, next payment 07:00 UTC−0.0494%/8h= −54.1% APRpaid last 24h −0.007%
Price spread now: GMX against BingX−0.213%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.213%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GMX is 0.203% cheaper against BingX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.098%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.098% in total (about 10.5% 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 | BingX TAO-USDT | 319.63 | 0.0345 | pay 0.0172% / 4h | 1h 27m | — | $34.5M | — |
| Short | GMX TAO/USD [WBTC.b-USDC] | 318.95 | L +0.0118% / S +0.0149% | pay 0.0019% / 1h | 27m 51s | $426K | — | 100x |
BingX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BingX. 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
- −$103.78
- Price spread: −0.213% → −0.009%
- −$20.34
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$146.11
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 6 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 BingX live order book, 6 min ago | 0.63 bp | 5.7 bp −$6 | 9.9 bp −$99 | 27.4 bp −$2,736 | 82.1 bp −$41.0K |
| 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 | −0.1995% | 1h | 319.47 | −0.050% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.156% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.02 | −0.191% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.13 | −0.156% | $42K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.60 | −0.009% | $26.7M | $129.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.20 | −0.135% | $14.3M | $52.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.51 | −0.038% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.43 | −0.063% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.225% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.06 | −0.178% | $91K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.13 | −0.156% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.75 | −0.275% | $118K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.00 | −0.197% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0118% / S +0.0149% | 1h | 318.95 | −0.213% | $426K | — | 100x | |
| Aevo TAO-PERP | +0.0120% | 1h | 319.41 | −0.068% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.26 | −0.116% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | +0.058% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 319.61 | −0.006% | $105.7M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 319.71 | +0.025% | $92.6M | $529.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 319.14 | −0.152% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0295% | 4h | 319.54 | −0.028% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 319.53 | −0.032% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0334% | 4h | 319.70 | +0.022% | $70.0M | $156.1M | 50x | as long as short |
| BingX TAO-USDTlong | +0.0345% | 4h | 319.63 | long leg | — | $34.5M | — | |
| Bullet TAO-USD | +0.0387% | 1h | 319.39 | −0.075% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | −0.018% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0410% | 4h | 319.36 | −0.084% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 319.60 | −0.009% | $911K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.31 | −0.101% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | +0.131% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0556% | 1h | 319.13 | −0.157% | $794K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.135% | $318K | $709K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.41 | −0.069% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0633% | 1h | 319.56 | −0.022% | $94.4M | $110.3M | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.56 | −0.022% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | −0.120% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0706% | 1h | 319.43 | −0.063% | $298K | $905K | 10x | as long as short |
| Lighter TAO | +0.0728% | 1h | 319.53 | −0.031% | $1.5M | $6.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0751% | 1h | 319.33 | −0.093% | $15K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.68 | +0.329% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.04 | −0.184% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.35 | −0.089% | $5.9M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +1.192% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Hyperliquid TAO
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP