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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.075%
Price spread now: GMX against BloFin−0.050%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BloFinShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.140%−$14 on $10k
Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.050%, 7d avg −0.034%
Together, before fees−0.053%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.140% in total (about -15.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TAO-USDT313.970.0340pay 0.0170% / 4h2h 25m$4.6M$10.9M100x
ShortGMX TAO/USD [WBTC.b-USDC]313.81L +0.0128% / S +0.0140%pay 0.0018% / 1h25m 00s$420K—100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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

Funding earned
−$100.85
Price spread: −0.050% → −0.034%
−$1.68
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$126.53
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago3.98 bp11.3 bp −$1119.1 bp −$191doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.81−0.051%$20K—150xas long as short
dYdX TAO-USD+0.0045%1h313.24−0.233%$125K$85K5xas long as short
Binance TAOUSDT+0.0100%4h313.90−0.022%$90.1M$508.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.70−0.086%$26.3M$122.3M50xas long as short
Bulk TAO-USD+0.0100%1h313.47−0.159%$167K$33310xas long as short
Gate TAO_USDT+0.0100%4h313.60−0.118%$14.0M$51.1M50xas long as short
MEXC TAO_USDT+0.0100%4h313.96−0.003%$108.4M$145.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.87−0.032%$17.3M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h313.63−0.108%$35.3M$57.0M50xas long as short
edgeX TAOUSDC+0.0100%4h313.26−0.227%$41K$314K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h313.92−0.016%$90K$920K5xas long as short
SunX TAO-USDT+0.0100%4h313.96−0.003%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h313.54−0.137%$113K$554K20xas long as short
Katana Perps TAO-USD+0.0103%8h314.07+0.032%$643$928K5xas long as short
Aevo TAO-PERP+0.0104%1h314.08+0.033%$172K$9983xas long as short
Orderly PERP_TAO_USDC+0.0122%4h314.15+0.057%$52K$290K10xas long as short
Popdex TAOUSDT+0.0128%1h314.15+0.057%$51K$668K20xas long as short
GMX TAO/USD [WBTC.b-USDC]shortL +0.0128% / S +0.0140%1h313.81−0.050%$420K—100x
Phemex TAOUSDT+0.0192%4h313.96−0.003%$3.2M$8.0M50xas long as short
Aster TAOUSDT+0.0207%4h313.91−0.019%$1.3M$10.6M50xas long as short
Pacifica TAO+0.0233%1h313.54−0.138%$357K$419K10xas long as short
Nado TAO-PERP+0.0268%1h314.20+0.074%$775K$2.2M10xas long as short
Paradex TAO-USD-PERP+0.0269%8h313.83−0.044%$14K$1K10xas long as short
Kraken Futures PF_TAOUSD+0.0303%1h314.19+0.071%$5.9M$21.4M50xas long as short
Bullet TAO-USD+0.0325%1h314.15+0.058%$12K$17K20xas long as short
BloFin TAO-USDTlong+0.0340%4h313.97long leg$4.6M$10.9M100x
GRVT TAO_USDT_Perp+0.0348%4h314.02+0.015%$533K$923K10xas long as short
ApeX Omni TAOUSDT+0.0359%1h313.36−0.194%$44K$256K50xas long as short
Bybit TAOUSDT+0.0423%4h313.90−0.022%$68.2M$152.4M50xas long as short
BingX TAO-USDT+0.0430%4h313.88−0.029%—$33.7M—as long as short
Variational Omni TAO+0.0439%4h313.02−0.303%$5.5M$10.1M—as long as short
Extended TAO-USD+0.0480%1h314.08+0.034%$896K$2.4M25xas long as short
Arcus TAO-USD+0.0483%1h314.38+0.131%$101K$345K5xas long as short
Phoenix TAO+0.0513%1h313.30−0.213%$312K$713K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0644%1h314.10+0.040%$15K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h314.07+0.031%$361—20xas long as short
01 Exchange TAOUSD+0.0760%1h314.46+0.156%$3K$4K5xas long as short
Lighter TAO+0.0768%1h314.34+0.117%$1.5M$6.6M5xas long as short
Hyperliquid TAO+0.0802%1h314.23+0.083%$91.8M$109.1M5xas long as short
Backpack TAO_USDC_PERP+0.0812%1h314.16+0.061%$312K$890K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h315.03+0.338%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.0948%1h314.18+0.068%$455K$649K5xas long as short
Injective TAO/USDC PERP+0.3711%1h319.48+1.755%$23K$2K12xas long as short