Funding you earn now, next payment 07:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.007%
Price spread now: GMX against Phemex+0.019%7-day average −0.024% · 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)+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.019%, 7d avg −0.024%
=The price spread pays, funding is against you. GMX is 0.042% dearer against Phemex than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.024%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 3 days funding on this pair paid +0.100%, 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 | Phemex TAOUSDT | 320.86 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $3.3M | $8.1M | 50x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 320.92 | L +0.0123% / S +0.0155% | pay 0.0019% / 1h | 51m 46s | $434K | — | 100x |
Phemex TAOUSDT
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Phemex. 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
- −$53.46
- Price spread: +0.019% → −0.024%
- $4.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$73.23
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 13.88 bp | 29.5 bp −$29 | 53.7 bp −$537 | 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 | −0.2101% | 1h | 320.87 | +0.003% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.55 | −0.097% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.96 | +0.031% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.41 | +0.171% | $40K | $694K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 321.00 | +0.044% | $26.6M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.30 | −0.175% | $14.2M | $51.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.57 | −0.090% | $17.6M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.96 | +0.031% | $36.2M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 324.34 | +1.085% | $47K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.25 | +0.122% | $78K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 320.81 | −0.016% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.97 | +0.034% | $118K | $584K | 20x | as long as short |
| Phemex TAOUSDTlong | +0.0100% | 4h | 320.86 | long leg | $3.3M | $8.1M | 50x | |
| Katana Perps TAO-USD | +0.0109% | 8h | 321.24 | +0.118% | $729 | $985K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 321.07 | +0.065% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 321.14 | +0.088% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0123% / S +0.0155% | 1h | 320.92 | +0.019% | $434K | — | 100x | |
| Binance TAOUSDT | +0.0148% | 4h | 321.23 | +0.115% | $93.7M | $524.9M | 75x | as long as short |
| MEXC TAO_USDT | +0.0148% | 4h | 321.23 | +0.115% | $105.4M | $149.2M | 300x | as long as short |
| edgeX TAOUSDC | +0.0158% | 4h | 322.15 | +0.403% | $43K | $316K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 321.09 | +0.073% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0301% | 4h | 321.07 | +0.065% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0370% | 1h | 321.40 | +0.168% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0372% | 4h | 321.12 | +0.081% | — | $34.3M | — | as long as short |
| Bybit TAOUSDT | +0.0384% | 4h | 321.23 | +0.115% | $70.1M | $155.6M | 50x | as long as short |
| BloFin TAO-USDT | +0.0388% | 4h | 320.87 | +0.003% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0434% | 4h | 321.38 | +0.161% | $548K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 320.62 | −0.076% | $914K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0506% | 4h | 323.50 | +0.822% | $5.7M | $10.1M | — | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.24 | +0.119% | $365K | $422K | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 324.40 | +1.103% | $323K | $709K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0599% | 1h | 320.80 | −0.019% | $319K | $899K | 10x | as long as short |
| Hyperliquid TAO | +0.0618% | 1h | 321.03 | +0.053% | $94.9M | $109.9M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0623% | 1h | 321.10 | +0.074% | $14K | $1.9M | 25x | as long as short |
| Nado TAO-PERP | +0.0633% | 1h | 321.28 | +0.130% | $803K | $2.2M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 321.48 | +0.193% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.50 | +0.199% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 321.46 | +0.187% | $370 | — | 20x | as long as short |
| Lighter TAO | +0.0856% | 1h | 321.44 | +0.180% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 321.95 | +0.340% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.29 | +0.133% | $463K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1149% | 1h | 321.22 | +0.114% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.303% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Pacifica TAO
Phoenix TAO
Backpack TAO_USDC_PERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP