TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.069%

Price spread now: Aevo against GMX+0.059%7-day average +0.054% · you sell dearer than you buy

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

Long on GMX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.353%−$35 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.059%, 7d avg +0.054%

Together, before fees−0.445%−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.353%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	320.53	L +0.0115% / S +0.0151%	pay 0.0014% / 1h	16m 40s	$428K	—	100x
Short	Aevo TAO-PERP	320.71	0.0136	get 0.0017% / 1h	16m 40s	$176K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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 GMXbpFee AevobpOrdersPrice spread, now +0.059%Rate

Funding earned: $4.32
Price spread: +0.059% → +0.054%: $0.43
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$23.26
Costs to cover: 0.280%
Break-even: 44.7 days

Slippage unknown: GMX: no order-book sample; Aevo: live order book, 27 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aevo live order book, 27 min ago	56.19 bp	77.3 bp −$77	426.1 bp −$4,261	doesn't fit	doesn't fit

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	−0.2264%	1h	322.24	+0.535%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.50	−0.010%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.52	−0.002%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.57	+0.013%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.50	−0.008%	$26.9M	$130.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	−0.008%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.58	+0.017%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.47	−0.018%	$36.0M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.46	+0.603%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.74	+0.066%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.65	+0.038%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.45	−0.024%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.48	−0.015%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0115% / S +0.0151%	1h	320.53	long leg	$428K	—	100x
Orderly PERP_TAO_USDC	+0.0126%	4h	320.66	+0.042%	$53K	$293K	10x	as long as short
Aevo TAO-PERPshort	+0.0136%	1h	320.71	+0.059%	$176K	$998	3x
Binance TAOUSDT	+0.0197%	4h	320.60	+0.023%	$93.1M	$527.7M	75x	as long as short
MEXC TAO_USDT	+0.0202%	4h	320.56	+0.010%	$107.1M	$151.1M	300x	as long as short
edgeX TAOUSDC	+0.0208%	4h	321.96	+0.448%	$43K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0271%	8h	320.75	+0.069%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0305%	4h	320.57	+0.013%	$70.4M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0316%	4h	320.68	+0.048%	—	$34.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0345%	1h	320.57	+0.013%	$15K	$2.0M	25x	as long as short
Bullet TAO-USD	+0.0362%	1h	320.86	+0.104%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0363%	4h	320.67	+0.043%	$1.3M	$10.9M	50x	as long as short
Phemex TAOUSDT	+0.0367%	4h	320.85	+0.101%	$3.3M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0418%	4h	321.37	+0.262%	$545K	$937K	10x	as long as short
Extended TAO-USD	+0.0432%	1h	320.49	−0.011%	$913K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0443%	4h	320.92	+0.123%	$4.7M	$11.1M	100x	as long as short
Nado TAO-PERP	+0.0519%	1h	320.88	+0.109%	$798K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	320.67	+0.043%	$365K	$428K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	+0.731%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	322.20	+0.522%	$321K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.85	+0.101%	$103K	$389K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	320.86	+0.104%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0652%	1h	320.92	+0.123%	$94.9M	$110.0M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.74	+0.065%	$369	—	20x	as long as short
Lighter TAO	+0.0712%	1h	320.78	+0.078%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0721%	1h	320.68	+0.048%	$299K	$905K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.77	+0.700%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.49	−0.012%	$448K	$671K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1151%	1h	320.72	+0.059%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.689%	$24K	$2K	12x	as long as short