TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0309%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h −0.085%

Price spread now: ApeX Omni against GMX+0.207%7-day average +0.023% · you sell dearer than you buy

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.354%−$35 on $10k

Price spread, last 3 days (all we have)−0.347%−$35 · spread now +0.207%, 7d avg +0.023%

Together, before fees−0.702%−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and ApeX Omni is 0.185% dearer against GMX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 3 days funding on this pair cost −0.354%, 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]	317.19	L +0.0164% / S +0.0104%	pay 0.0021% / 1h	51m 23s	$431K	—	100x
Short	ApeX Omni TAOUSDT	317.85	0.0473	get 0.0059% / 1h	51m 23s	$48K	$253K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.207%Rate

Funding earned: $64.88
Price spread: +0.207% → +0.023%: $18.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $61.34
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 10 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 ApeX Omni live order book, 10 min ago	5.52 bp	13.4 bp −$13	122.5 bp −$1,225	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 42 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	−0.2257%	1h	317.17	−0.007%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.90	−0.092%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.22	+0.008%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.41	+0.069%	$45K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.58	+0.122%	$91.8M	$467.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.60	+0.129%	$26.2M	$115.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	+0.066%	$13.0M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.57	+0.119%	$105.0M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.50	+0.097%	$18.2M	$30.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.54	+0.110%	$35.5M	$53.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.209%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.36	+0.053%	$80K	$737K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.63	+0.138%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.52	+0.103%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.82	+0.198%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.52	+0.103%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.86	+0.210%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.42	+0.072%	$1K	$738K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0164% / S +0.0104%	1h	317.19	long leg	$431K	—	100x
GRVT TAO_USDT_Perp	+0.0216%	4h	318.53	+0.422%	$530K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.54	+0.110%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0307%	4h	317.36	+0.054%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	317.63	+0.138%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0348%	8h	317.46	+0.083%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0448%	1h	317.46	+0.085%	$375K	$393K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0473%	1h	317.85	+0.207%	$48K	$253K	50x
Phoenix TAO	+0.0504%	1h	317.80	+0.192%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.62	+0.135%	$100K	$489K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0534%	1h	317.60	+0.130%	$14K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0549%	1h	317.58	+0.122%	$765K	$2.1M	10x	as long as short
BingX TAO-USDT	+0.0686%	4h	317.52	+0.103%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.52	+0.103%	$365	—	20x	as long as short
Bybit TAOUSDT	+0.0731%	4h	317.80	+0.192%	$67.5M	$138.7M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	317.79	+0.189%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.577%	$6.0M	$9.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0918%	1h	317.68	+0.154%	$321K	$802K	10x	as long as short
Extended TAO-USD	+0.0928%	1h	317.18	−0.005%	$900K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.77	+0.813%	$1.5M	$6.5M	50x	as long as short
Lighter TAO	+0.1128%	1h	317.65	+0.143%	$1.6M	$6.1M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.41	+0.070%	$449K	$626K	5x	as long as short
Hyperliquid TAO	+0.1442%	1h	317.97	+0.245%	$100.6M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.182%	$23K	$2K	12x	as long as short