Funding you earn now, next payment 06:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h −0.006%
Price spread now: GMX against ApeX Omni+0.224%68s7-day average −0.025% · 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)+0.095%+$10 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.224%, 7d avg −0.025%
=The price spread pays, funding is against you. GMX is 0.249% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of −0.025%): +$25 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.095%, so the current rate has only just turned against you. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.095% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TAOUSDT | 312.72 | 0.0255 | pay 0.0032% / 1h | 48m 11s | $46K | $255K | 50x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 313.42 | L +0.0132% / S +0.0137% | pay 0.0017% / 1h | 48m 11s | $419K | — | 100x |
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- −$82.32
- Price spread: +0.224% → −0.025%
- $24.9
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$79.43
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: ApeX Omni: live order book, 63 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 ApeX Omni live order book, 63 min ago | 5.43 bp | 13.1 bp −$13 | 115.2 bp −$1,152 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 313.35 | +0.200% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.43 | +0.226% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 313.50 | +0.249% | $2K | $882K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.79 | +0.342% | $89.7M | $505.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.70 | +0.313% | $26.2M | $122.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.40 | +0.217% | $13.7M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.81 | +0.349% | $104.8M | $144.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.39 | +0.214% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.59 | +0.278% | $35.3M | $56.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.14 | −0.186% | $41K | $314K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.47 | +0.240% | $81K | $909K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.25 | +0.169% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.12 | +0.128% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.91 | +0.382% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 313.81 | +0.349% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0132% / S +0.0137% | 1h | 313.42 | +0.224% | $419K | — | 100x | |
| Bulk TAO-USD | +0.0138% | 1h | 312.42 | −0.095% | $166K | $333 | 10x | as long as short |
| Aster TAOUSDT | +0.0156% | 4h | 313.75 | +0.329% | $1.3M | $10.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0229% | 8h | 313.54 | +0.263% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.59 | +0.278% | $357K | $419K | 10x | as long as short |
| Popdex TAOUSDT | +0.0248% | 1h | 313.70 | +0.313% | $49K | $662K | 20x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0255% | 1h | 312.72 | long leg | $46K | $255K | 50x | |
| GRVT TAO_USDT_Perp | +0.0260% | 4h | 313.21 | +0.158% | $532K | $942K | 10x | as long as short |
| Nado TAO-PERP | +0.0261% | 1h | 313.58 | +0.274% | $780K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0304% | 1h | 313.93 | +0.386% | $5.6M | $20.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0335% | 1h | 313.81 | +0.348% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.62 | +0.288% | $4.5M | $10.8M | 100x | as long as short |
| BingX TAO-USDT | +0.0358% | 4h | 313.79 | +0.342% | — | $33.6M | — | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 313.10 | +0.122% | $5.5M | $10.1M | — | as long as short |
| Bybit TAOUSDT | +0.0384% | 4h | 313.82 | +0.352% | $68.0M | $151.3M | 50x | as long as short |
| Phemex TAOUSDT | +0.0389% | 4h | 313.58 | +0.275% | $3.2M | $8.0M | 50x | as long as short |
| Extended TAO-USD | +0.0392% | 1h | 313.71 | +0.317% | $905K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 313.95 | +0.393% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | +0.185% | $312K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0542% | 1h | 313.76 | +0.333% | $14K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.51 | +0.251% | $361 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0719% | 1h | 313.66 | +0.301% | $91.8M | $108.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0784% | 1h | 314.19 | +0.470% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0806% | 1h | 313.51 | +0.253% | $311K | $885K | 10x | as long as short |
| Lighter TAO | +0.0920% | 1h | 314.00 | +0.408% | $1.5M | $6.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.20 | +0.473% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.75 | +0.328% | $452K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +1.071% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Bulk TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
Popdex TAOUSDT
GRVT TAO_USDT_Perp
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Phemex TAOUSDT
Extended TAO-USD
Arcus TAO-USD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP