Funding you earn now, next payment 23:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.016%
Price spread now: Phoenix against GMX−0.044%65s7-day average +0.134% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.044%, 7d avg +0.134%
=Funding pays, the price is against you. Phoenix is 0.179% cheaper against GMX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.134%). If the spread goes back, that is −$18 on $10k: about 9.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour. The two prices were read 65 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] | 312.74 | L +0.0476% / S −0.0175% | pay 0.0060% / 1h | 42m 11s | $450K | — | 100x |
| Short | Phoenix TAO | 312.60 | 0.0537 | get 0.0067% / 1h | 42m 11s | $327K | $521K | 5x |
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $12.84
- Price spread: −0.044% → +0.134%
- −$17.88
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$24.04
- Costs to cover
- 0.190%
- Break-even
- 20.1 days
Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 35 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 Phoenix live order book, 35 min ago | 3.27 bp | 18.9 bp −$19 | 24.6 bp −$246 | 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 | −0.4722% | 1h | 314.01 | +0.407% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.81 | +0.342% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.75 | +0.002% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.528% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.64 | +0.288% | $41K | $551K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.93 | +0.381% | $372K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.32 | −0.135% | $88.3M | $424.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.32 | −0.134% | $61.2M | $123.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.20 | −0.172% | $25.1M | $100.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.60 | −0.044% | $12.7M | $49.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.73 | −0.003% | $120.2M | $127.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.80 | +0.020% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.17 | −0.182% | $34.8M | $46.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.36 | −0.121% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.83 | +0.031% | $40K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.31 | +0.184% | $528K | $948K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.73 | −0.003% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.61 | −0.041% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.02 | +0.410% | $128K | $395K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.63 | −0.035% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.87 | +0.040% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.47 | +0.234% | $2K | $541K | 5x | as long as short |
| Bullet TAO-USD | +0.0133% | 1h | 313.31 | +0.183% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0152% | 1h | 313.77 | +0.330% | $77K | $521K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 314.10 | +0.435% | $83K | $626K | 5x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.239% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0190% | 8h | 314.03 | +0.412% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0210% | 4h | 312.70 | −0.014% | $1.1M | $7.9M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0216% | 1h | 312.82 | +0.026% | $19K | $1.4M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0226% | 1h | 312.79 | +0.016% | $47K | $270K | 50x | as long as short |
| BloFin TAO-USDT | +0.0351% | 4h | 312.54 | −0.063% | $4.3M | $10.2M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 312.75 | +0.004% | $5.8M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0476% / S −0.0175% | 1h | 312.74 | long leg | $450K | — | 100x | |
| Nado TAO-PERP | +0.0513% | 1h | 313.62 | +0.280% | $833K | $2.0M | 10x | as long as short |
| Phoenix TAOshort | +0.0537% | 1h | 312.60 | −0.044% | $327K | $521K | 5x | |
| Backpack TAO_USDC_PERP | +0.0570% | 1h | 312.50 | −0.076% | $300K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.37 | +0.203% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 313.89 | +0.368% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0872% | 1h | 312.68 | −0.019% | $863K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 314.64 | +0.608% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.84 | +0.352% | $432K | $536K | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 313.25 | +0.163% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.1981% | 1h | 312.80 | +0.020% | $97.4M | $83.3M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Arcus TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO