Funding you earn now, next payment 01:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h +0.018%
Price spread now: GMX against edgeX−0.139%70s7-day average +0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.113%+$11 on $10k
+Price spread, last 3 days (all we have)+0.289%+$29 · spread now −0.139%, 7d avg +0.021%
=Together, before fees+0.402%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GMX is 0.159% cheaper against edgeX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.113%, so the current rate has only just turned against you. The two prices were read 70 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 | edgeX TAOUSDC | 318.79 | 0.0100 | pay 0.0050% / 4h | 3h 48m | $36K | $288K | 10x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 318.35 | L +0.0174% / S +0.0085% | pay 0.0011% / 1h | 48m 24s | $461K | — | 100x |
edgeX TAOUSDC
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. 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
- −$38.93
- Price spread: −0.139% → +0.021%
- −$15.94
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$75.87
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: edgeX: 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 edgeX live order book, 24 min ago | 7.98 bp | 12.6 bp −$13 | 29.0 bp −$290 | 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 | −0.0882% | 1h | 320.07 | +0.401% | $170K | $44K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.36 | +0.178% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.44 | −0.110% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.44 | +0.203% | $42K | $580K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 318.83 | +0.012% | $91.7M | $441.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.70 | −0.029% | $26.0M | $106.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.10 | +0.096% | $12.9M | $49.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.32 | +0.165% | $106.2M | $132.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.34 | +0.172% | $18.9M | $28.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.58 | −0.067% | $35.6M | $49.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDClong | +0.0100% | 4h | 318.79 | long leg | $36K | $288K | 10x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.75 | +0.300% | $48K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 318.73 | −0.020% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.75 | −0.013% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.77 | +0.620% | $128K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.40 | +0.504% | $3.5M | $7.8M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 319.68 | +0.278% | $657 | $598K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.07 | +0.087% | $175K | $998 | 3x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0104% | 1h | 318.60 | −0.061% | $21K | $1.5M | 25x | as long as short |
| GRVT TAO_USDT_Perp | +0.0168% | 4h | 320.12 | +0.416% | $532K | $945K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0174% / S +0.0085% | 1h | 318.35 | −0.139% | $461K | — | 100x | |
| Pacifica TAO | +0.0185% | 1h | 319.87 | +0.338% | $379K | $373K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 319.95 | +0.363% | $84K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0232% | 8h | 319.55 | +0.238% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0235% | 4h | 319.61 | +0.256% | $1.1M | $8.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0274% | 1h | 319.16 | +0.115% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0305% | 4h | 320.13 | +0.418% | $5.5M | $8.6M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 321.60 | +0.881% | $4.5M | $10.9M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0369% | 1h | 319.56 | +0.241% | $99K | $634K | 5x | as long as short |
| BingX TAO-USDT | +0.0378% | 4h | 318.81 | +0.005% | — | $30.7M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0481% | 1h | 318.90 | +0.033% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 319.50 | +0.222% | $334K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.58 | +0.247% | $23K | $501 | 12x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.23 | +0.138% | $367 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0706% | 4h | 319.08 | +0.090% | $65.8M | $130.5M | 50x | as long as short |
| Nado TAO-PERP | +0.0769% | 1h | 319.51 | +0.227% | $892K | $2.0M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0824% | 1h | 319.91 | +0.350% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 322.20 | +1.069% | $1.5M | $6.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1004% | 1h | 321.00 | +0.692% | $322K | $820K | 10x | as long as short |
| Extended TAO-USD | +0.1080% | 1h | 318.72 | −0.022% | $929K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 319.75 | +0.300% | $423K | $590K | 5x | as long as short |
| Lighter TAO | +0.1728% | 1h | 320.66 | +0.586% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2867% | 1h | 320.16 | +0.428% | $104.6M | $88.8M | 5x | as long as short |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Deribit TAO_USDC-PERPETUAL
GRVT TAO_USDT_Perp
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Polymarket Perps TAO-USD
BingX TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
Reya TAORUSDPERP
Bybit TAOUSDT
Nado TAO-PERP
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO