TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0585%/8h= −64.1% APRnext payment −$0.73 per $10,000 · paid last 24h −0.193%

Price spread now: GMX against Reya−0.165%7-day average — · you buy dearer than you sell

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

Long on Reya Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and GMX is 0.165% cheaper against Reya than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	314.75	0.0700	pay 0.0087% / 1h	43m 15s	$362	—	20x
Short	GMX TAO/USD [WBTC.b-USDC]	314.23	L +0.0373% / S −0.0114%	get 0.0014% / 1h	43m 15s	$379K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$122.87
Price spread: −0.165% → 0.000%: −$16.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$157.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and 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 exchanges

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 −0.0003%	1h	314.29	−0.146%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.87	+0.038%	$56K	$633K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	−0.016%	$26.9M	$126.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.50	−0.080%	$16.2M	$46.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.49	−0.083%	$17.3M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.54	−0.067%	$35.6M	$54.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.74	−0.004%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.60	−0.048%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.39	−0.115%	$114K	$550K	20x	as long as short
Katana Perps TAO-USD	+0.0102%	8h	314.67	−0.026%	$1K	$1.3M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	314.56	−0.060%	$927K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.70	−0.016%	$173K	$998	3x	as long as short
MEXC TAO_USDT	+0.0164%	4h	314.51	−0.077%	$112.5M	$147.5M	300x	as long as short
edgeX TAOUSDC	+0.0167%	4h	313.95	−0.254%	$42K	$326K	10x	as long as short
Binance TAOUSDT	+0.0167%	4h	314.55	−0.064%	$93.4M	$507.3M	75x	as long as short
Pacifica TAO	+0.0223%	1h	314.88	+0.040%	$382K	$455K	10x	as long as short
ApeX Omni TAOUSDT	+0.0243%	1h	313.88	−0.277%	$45K	$254K	50x	as long as short
Bullet TAO-USD	+0.0255%	1h	314.61	−0.043%	$12K	$16K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0275%	4h	314.54	−0.067%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0276%	4h	314.56	−0.061%	$535K	$759K	10x	as long as short
Paradex TAO-USD-PERP	+0.0289%	8h	314.87	+0.039%	$14K	$769	10x	as long as short
dYdX TAO-USD	+0.0317%	1h	314.40	−0.112%	$265K	$230K	5x	as long as short
Aster TAOUSDT	+0.0360%	4h	314.59	−0.051%	$1.2M	$11.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0373% / S −0.0114%	1h	314.23	−0.165%	$379K	—	100x
Bybit TAOUSDT	+0.0377%	4h	314.58	−0.054%	$69.7M	$154.3M	50x	as long as short
BingX TAO-USDT	+0.0388%	4h	314.51	−0.077%	—	$37.8M	—	as long as short
Lighter TAO	+0.0400%	1h	314.65	−0.031%	$1.6M	$6.7M	5x	as long as short
Phemex TAOUSDT	+0.0403%	4h	314.69	−0.020%	$3.2M	$8.2M	50x	as long as short
BloFin TAO-USDT	+0.0406%	4h	314.73	−0.007%	$4.8M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0430%	1h	314.95	+0.064%	$654K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0483%	1h	314.55	−0.066%	$22K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.0510%	1h	314.93	+0.057%	$93.9M	$105.7M	5x	as long as short
Arcus TAO-USD	+0.0587%	1h	315.02	+0.085%	$99K	$285K	5x	as long as short
Variational Omni TAO	+0.0619%	4h	313.24	−0.482%	$6.2M	$10.1M	—	as long as short
Phoenix TAO	+0.0636%	1h	313.90	−0.270%	$315K	$701K	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	314.72	−0.009%	$435K	$665K	5x	as long as short
Reya TAORUSDPERPlong	+0.0700%	1h	314.75	long leg	$362	—	20x
Coinbase International TAO-PERP-INTX	+0.0728%	1h	314.82	+0.022%	$1.1M	$7.4M	50x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	315.18	+0.136%	$3K	$2K	5x	as long as short
Bulk TAO-USD	+0.0798%	1h	312.16	−0.823%	$165K	$662	10x	as long as short
Backpack TAO_USDC_PERP	+0.0844%	1h	314.50	−0.080%	$299K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0859%	1h	314.67	−0.025%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	317.23	+0.787%	$23K	$2K	12x	as long as short