Funding you earn now, next payment 03:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.024%
Price spread now: Kraken Futures against GMX+0.039%7-day average +0.063% · 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)−0.134%−$13 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.039%, 7d avg +0.063%
=Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against GMX than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.063%). If the spread goes back, that is −$2 on $10k: about 22 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.134%, 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] | 315.22 | L +0.0164% / S +0.0105% | pay 0.0021% / 1h | 48m 35s | $429K | — | 100x |
| Short | Kraken Futures PF_TAOUSD | 315.35 | 0.0249 | get 0.0031% / 1h | 48m 35s | $5.6M | $20.5M | 50x |
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $17.76
- Price spread: +0.039% → +0.063%
- −$2.34
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.57
- Costs to cover
- 0.220%
- Break-even
- 9.6 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago | 5.99 bp | 21.1 bp −$21 | 41.7 bp −$417 | 146.3 bp −$14.6K | 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 | +0.618% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.83 | +0.193% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.22 | −0.001% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.10 | +0.279% | $45K | $650K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.15 | +0.293% | $91.4M | $469.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.30 | +0.342% | $26.1M | $115.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.80 | +0.184% | $12.9M | $49.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.40 | +0.374% | $105.1M | $138.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.19 | +0.307% | $18.1M | $30.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.09 | +0.275% | $35.3M | $53.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.85 | +0.835% | $36K | $301K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.34 | +0.355% | $76K | $757K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.22 | 0.000% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.19 | −0.010% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.76 | −0.146% | $129K | $476K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.09 | −0.042% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.53 | +0.098% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 316.00 | +0.247% | $672 | $745K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0135% | 1h | 315.15 | −0.023% | $23K | $1.6M | 25x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0164% / S +0.0105% | 1h | 315.22 | long leg | $429K | — | 100x | |
| GRVT TAO_USDT_Perp | +0.0212% | 4h | 317.35 | +0.675% | $528K | $946K | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0249% | 1h | 315.35 | +0.039% | $5.6M | $20.5M | 50x | |
| Aster TAOUSDT | +0.0286% | 4h | 316.09 | +0.275% | $1.2M | $9.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0288% | 1h | 315.57 | +0.111% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0338% | 8h | 316.38 | +0.369% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.34 | +0.356% | $373K | $396K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0473% | 1h | 317.85 | +0.834% | $48K | $253K | 50x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 316.70 | +0.469% | $332K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 316.21 | +0.314% | $100K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0575% | 1h | 316.28 | +0.337% | $762K | $2.1M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.56 | +0.426% | $364 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0700% | 4h | 316.06 | +0.266% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0706% | 4h | 316.53 | +0.415% | $67.5M | $139.3M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0736% | 1h | 316.22 | +0.317% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0865% | 1h | 315.29 | +0.022% | $319K | $802K | 10x | as long as short |
| Variational Omni TAO | +0.0881% | 4h | 317.62 | +0.762% | $6.0M | $9.6M | — | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 315.96 | +0.236% | $896K | $2.3M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.64 | +0.767% | $1.5M | $6.4M | 50x | as long as short |
| Lighter TAO | +0.1032% | 1h | 316.53 | +0.416% | $1.5M | $6.3M | 5x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 315.96 | +0.235% | $447K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1433% | 1h | 316.52 | +0.412% | $100.1M | $98.2M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +1.814% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
GRVT TAO_USDT_Perp
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
ApeX Omni TAOUSDT
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Variational Omni TAO
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP