TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0937%/8h= −102.6% APRnext payment −$1.17 per $10,000 · paid last 24h −0.095%

Price spread now: GMX against 01 Exchange−0.324%47s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and GMX is 0.324% cheaper against 01 Exchange than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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	01 Exchange TAOUSD	314.30	0.0800	pay 0.0100% / 1h	46m 32s	$3K	$4K	5x
Short	GMX TAO/USD [WBTC.b-USDC]	313.28	L +0.0132% / S +0.0137%	pay 0.0017% / 1h	46m 32s	$419K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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 01 ExchangebpFee GMXbpOrdersPrice spread, now −0.324%Rate

Funding earned: −$196.79
Price spread: −0.324% → 0.000%: −$32.35
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$248.14
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

01 Exchange 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 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
dYdX TAO-USD	0.0000%	1h	313.35	−0.303%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.34	−0.306%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.72	−0.185%	$1K	$888K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.80	−0.159%	$89.7M	$505.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	−0.191%	$26.2M	$122.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	−0.255%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.82	−0.153%	$104.9M	$144.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.54	−0.242%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.50	−0.255%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.37	−0.297%	$41K	$315K	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	313.52	−0.248%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.50	−0.255%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.65	−0.525%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.85	−0.142%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.66	−0.204%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0132% / S +0.0137%	1h	313.28	−0.324%	$419K	—	100x
Bulk TAO-USD	+0.0138%	1h	312.42	−0.597%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	313.75	−0.175%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.92	−0.121%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	313.88	−0.133%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0252%	1h	313.76	−0.173%	$780K	$2.2M	10x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.503%	$46K	$255K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.345%	$532K	$942K	10x	as long as short
Popdex TAOUSDT	+0.0288%	1h	313.87	−0.137%	$49K	$662K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.07	−0.074%	$5.7M	$21.0M	50x	as long as short
Bullet TAO-USD	+0.0331%	1h	313.74	−0.178%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.60	−0.223%	$4.5M	$10.8M	100x	as long as short
Phemex TAOUSDT	+0.0350%	4h	313.78	−0.165%	$3.2M	$7.9M	50x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.382%	$5.5M	$10.1M	—	as long as short
BingX TAO-USDT	+0.0384%	4h	313.79	−0.162%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0394%	4h	313.85	−0.143%	$68.1M	$151.3M	50x	as long as short
Extended TAO-USD	+0.0400%	1h	313.65	−0.207%	$905K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0428%	1h	313.66	−0.203%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.07	−0.073%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.318%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.67	−0.200%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0741%	1h	313.96	−0.108%	$91.8M	$108.5M	5x	as long as short
01 Exchange TAOUSDlong	+0.0800%	1h	314.30	long leg	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0800%	1h	313.68	−0.197%	$309K	$886K	10x	as long as short
Lighter TAO	+0.0904%	1h	314.13	−0.053%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.47	+0.054%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.89	−0.130%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.563%	$23K	$2K	12x	as long as short