Funding you earn now, next payment 01:00 UTC−0.0286%/8h= −31.4% APRnext payment −$0.36 per $10,000 · paid last 24h +0.017%
Price spread now: GMX against Pacifica+0.705%7-day average −0.016% · 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)+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)−0.593%−$59 · spread now +0.705%, 7d avg −0.016%
=Together, before fees−0.481%+ Points / potential airdropPacifica: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.721% dearer against Pacifica than usual: you sell high and buy low (spread +0.705% now, against its 7-day average of −0.016%): +$72 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8.4 days. Mind the row above: over the last 3 days funding on this pair paid +0.112%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica TAO | 314.69 | 0.0185 | pay 0.0023% / 1h | 3m 32s | $373K | $376K | 10x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 316.91 | L +0.0172% / S +0.0102% | pay 0.0013% / 1h | 3m 32s | $450K | — | 100x |
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Pacifica. 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
- −$60.15
- Price spread: +0.705% → −0.016%
- $72.13
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$8.02
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Pacifica: live order book, 5 min ago; GMX: no order-book sample. 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 Pacifica live order book, 5 min ago | 3.00 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | −0.1228% | 1h | 316.14 | +0.461% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 314.55 | −0.044% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 316.94 | +0.714% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.85 | +0.051% | $43K | $605K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.73 | +0.014% | $90.2M | $452.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | +0.035% | $25.6M | $108.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.20 | −0.156% | $12.8M | $51.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.44 | −0.079% | $100.2M | $137.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.68 | −0.003% | $17.8M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.14 | −0.175% | $35.0M | $51.6M | 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 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.06 | +0.752% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.35 | +0.528% | $524K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.24 | +0.810% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.27 | +0.820% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.38 | +0.855% | $127K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0103% | 4h | 317.37 | +0.852% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.49 | +0.889% | $174K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0105% | 1h | 317.35 | +0.846% | $12K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0117% | 1h | 316.47 | +0.566% | $48K | $267K | 50x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 314.82 | +0.041% | $1K | $647K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0172% / S +0.0102% | 1h | 316.91 | +0.705% | $450K | — | 100x | |
| Pacifica TAOlong | +0.0185% | 1h | 314.69 | long leg | $373K | $376K | 10x | |
| Arcus TAO-USD | +0.0201% | 1h | 314.88 | +0.060% | $83K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0204% | 4h | 315.02 | +0.106% | $1.2M | $8.9M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 314.64 | −0.014% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 317.77 | +0.979% | $93K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0275% | 1h | 317.11 | +0.768% | $17K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.47 | +0.566% | $4.4M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 317.05 | +0.749% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.00 | +0.734% | $332K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 315.19 | +0.159% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.46 | +1.834% | $23K | $2K | 12x | as long as short |
| Variational Omni TAO | +0.0571% | 4h | 316.78 | +0.663% | $5.5M | $8.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.52 | +0.900% | $365 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 314.44 | −0.079% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0752% | 4h | 315.04 | +0.111% | $64.9M | $133.8M | 50x | as long as short |
| Nado TAO-PERP | +0.0754% | 1h | 314.80 | +0.035% | $779K | $2.1M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0800% | 1h | 317.11 | +0.769% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.25 | +0.813% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1104% | 1h | 314.44 | −0.080% | $879K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 314.67 | −0.006% | $418K | $593K | 5x | as long as short |
| Lighter TAO | +0.1400% | 1h | 315.40 | +0.226% | $1.6M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1745% | 1h | 315.23 | +0.172% | $100.8M | $91.7M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
ApeX Omni TAOUSDT
Katana Perps TAO-USD
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO