TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0268%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.002%

Price spread now: GMX against Popdex−0.108%7-day average −0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.108%, 7d avg −0.013%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.095% cheaper against Popdex than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.103%, 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	Popdex TAOUSDT	314.15	0.0128	pay 0.0016% / 1h	25m 01s	$51K	$668K	20x
Short	GMX TAO/USD [WBTC.b-USDC]	313.81	L +0.0128% / S +0.0140%	pay 0.0018% / 1h	25m 01s	$420K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee GMXbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$56.33
Price spread: −0.108% → −0.013%: −$9.52
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$84.25
Costs to cover: 0.184%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 24 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 Popdex live order book, 24 min ago	0.96 bp	7.4 bp −$7	68.8 bp −$688	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.81	−0.108%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0045%	1h	313.24	−0.291%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.90	−0.080%	$90.1M	$508.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	−0.143%	$26.3M	$122.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.216%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	−0.175%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.96	−0.060%	$108.4M	$145.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.87	−0.089%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.63	−0.166%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.284%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.92	−0.073%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.96	−0.060%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.54	−0.194%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.07	−0.025%	$643	$928K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.08	−0.024%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.15	0.000%	$52K	$290K	10x	as long as short
Popdex TAOUSDTlong	+0.0128%	1h	314.15	long leg	$51K	$668K	20x
GMX TAO/USD [WBTC.b-USDC]short	L +0.0128% / S +0.0140%	1h	313.81	−0.108%	$420K	—	100x
Phemex TAOUSDT	+0.0192%	4h	313.96	−0.060%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.91	−0.076%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.54	−0.196%	$357K	$419K	10x	as long as short
Nado TAO-PERP	+0.0268%	1h	314.20	+0.017%	$775K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	313.83	−0.101%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.19	+0.014%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	314.15	+0.001%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	−0.057%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	−0.042%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0359%	1h	313.36	−0.251%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0423%	4h	313.90	−0.080%	$68.2M	$152.4M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	313.88	−0.086%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.360%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0480%	1h	314.08	−0.024%	$896K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.38	+0.073%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.271%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0644%	1h	314.10	−0.017%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.07	−0.026%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.46	+0.099%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0768%	1h	314.34	+0.060%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0802%	1h	314.23	+0.025%	$91.8M	$109.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0812%	1h	314.16	+0.003%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.03	+0.280%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.18	+0.010%	$455K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.697%	$23K	$2K	12x	as long as short