Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.095%
Price spread now: HTX against GMX+0.489%52s7-day average −0.099% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.376%−$38 on $10k
+Price spread, last 3 days (all we have)−0.709%−$71 · spread now +0.489%, 7d avg −0.099%
=The price spread pays, funding is against you. HTX is 0.588% dearer against GMX than usual: you sell high and buy low (spread +0.489% now, against its 7-day average of −0.099%): +$59 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 days. At the pace of the last 3 days (−0.376% in total) that is about 5.0 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 308.11 | L +0.0171% / S +0.0096% | pay 0.0021% / 1h | 56m 25s | $419K | — | 100x |
| Short | HTX TAO-USDT | 309.62 | 0.0100 | get 0.0050% / 4h | 2h 56m | $118K | $446K | 20x |
GMX TAO/USD [WBTC.b-USDC]
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against GMX. 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
- −$14.91
- Price spread: +0.489% → −0.099%
- $58.83
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $19.92
- Costs to cover
- 0.240%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; HTX: live order book, 12 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 HTX live order book, 12 min ago | 21.48 bp | 73.2 bp −$73 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 308.50 | +0.125% | $123K | $89K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 308.15 | +0.013% | $12K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0029% | 1h | 309.80 | +0.548% | $16K | $1.5M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 308.39 | +0.090% | $44K | $612K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.30 | +0.060% | $88.6M | $456.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.50 | +0.125% | $25.1M | $107.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.10 | −0.004% | $12.5M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 308.50 | +0.125% | $98.8M | $135.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.42 | +0.099% | $18.0M | $30.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.36 | +0.080% | $34.3M | $52.2M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 312.75 | +1.506% | $35K | $297K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.72 | +1.495% | $521K | $962K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.12 | +1.625% | $48K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.66 | +0.177% | $91K | $672K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 309.80 | +0.547% | $56K | $322K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 309.63 | +0.492% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 309.62 | +0.489% | $118K | $446K | 20x | |
| Aevo TAO-PERP | +0.0104% | 1h | 310.10 | +0.644% | $170K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0114% | 1h | 308.38 | +0.086% | $11K | $17K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 308.75 | +0.207% | $632 | $662K | 5x | as long as short |
| Aster TAOUSDT | +0.0151% | 4h | 308.37 | +0.082% | $1.2M | $9.0M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0171% | 1h | 309.34 | +0.399% | $5.5M | $20.3M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0171% / S +0.0096% | 1h | 308.11 | long leg | $419K | — | 100x | |
| Paradex TAO-USD-PERP | +0.0230% | 8h | 308.70 | +0.191% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 308.45 | +0.109% | $365K | $373K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 309.08 | +0.314% | $82K | $550K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 309.68 | +0.508% | $4.4M | $10.5M | 100x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 316.84 | +2.832% | $23K | $2K | 12x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 313.80 | +1.846% | $328K | $620K | 5x | as long as short |
| Bulk TAO-USD | +0.0529% | 1h | 316.43 | +2.699% | $168K | $40K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 309.07 | +0.310% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0606% | 4h | 314.06 | +1.930% | $5.4M | $8.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 308.54 | +0.139% | $355 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0704% | 4h | 308.53 | +0.135% | — | $30.8M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0721% | 1h | 309.08 | +0.314% | $312K | $818K | 10x | as long as short |
| Bybit TAOUSDT | +0.0750% | 4h | 308.68 | +0.184% | $62.9M | $135.1M | 50x | as long as short |
| Nado TAO-PERP | +0.0895% | 1h | 308.54 | +0.137% | $760K | $2.1M | 10x | as long as short |
| Hyperliquid TAO | +0.1014% | 1h | 308.80 | +0.223% | $98.2M | $92.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 312.74 | +1.501% | $1.5M | $6.4M | 50x | as long as short |
| Phemex TAOUSDT | +0.1034% | 4h | 309.42 | +0.424% | $3.3M | $7.8M | 50x | as long as short |
| Extended TAO-USD | +0.1048% | 1h | 308.44 | +0.106% | $893K | $2.4M | 25x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 308.89 | +0.251% | $410K | $602K | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 309.43 | +0.428% | $1.6M | $6.0M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
Aevo TAO-PERP
Bullet TAO-USD
Katana Perps TAO-USD
Aster TAOUSDT
Kraken Futures PF_TAOUSD
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
BloFin TAO-USDT
Injective TAO/USDC PERP
Phoenix TAO
Bulk TAO-USD
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Backpack TAO_USDC_PERP
Bybit TAOUSDT
Nado TAO-PERP
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Phemex TAOUSDT
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO