Funding you earn now, next payment 07:00 UTC−0.0605%/8h= −66.2% APRnext payment −$0.76 per $10,000 · paid last 24h −0.080%
Price spread now: GMX against Extended+0.108%123s7-day average +0.027% · 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)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.108%, 7d avg +0.027%
=Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.081% dearer against Extended than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.027%): +$8 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 123 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 0.012% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 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 | Extended TAO-USD | 319.22 | 0.0456 | pay 0.0057% / 1h | 29m 05s | $916K | $2.4M | 25x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 319.56 | L +0.0118% / S +0.0149% | pay 0.0019% / 1h | 29m 05s | $427K | — | 100x |
Extended TAO-USD
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Extended. 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
- −$127.02
- Price spread: +0.108% → +0.027%
- $8.09
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$135.93
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 5 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 Extended live order book, 5 min ago | 2.19 bp | 7.1 bp −$7 | 9.0 bp −$90 | 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 | −0.1995% | 1h | 319.47 | +0.080% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.027% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.23 | +0.003% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.09 | +0.274% | $42K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.90 | −0.099% | $26.6M | $129.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.80 | −0.130% | $14.2M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.19 | −0.008% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.80 | −0.130% | $35.8M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.355% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.94 | +0.227% | $96K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.71 | +0.155% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.56 | −0.205% | $119K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.87 | +0.205% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0118% / S +0.0149% | 1h | 319.56 | +0.108% | $427K | — | 100x | |
| Aevo TAO-PERP | +0.0120% | 1h | 319.43 | +0.067% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0122% | 4h | 319.22 | +0.001% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | +0.188% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 319.17 | −0.014% | $105.5M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0170% | 4h | 319.09 | −0.039% | $92.4M | $529.2M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 320.09 | +0.274% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0298% | 4h | 319.37 | +0.048% | $3.2M | $8.1M | 50x | as long as short |
| Bybit TAOUSDT | +0.0325% | 4h | 319.13 | −0.027% | $69.9M | $156.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0333% | 4h | 319.20 | −0.005% | $1.3M | $10.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0350% | 4h | 319.03 | −0.058% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0384% | 1h | 319.27 | +0.017% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | +0.112% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0410% | 4h | 319.36 | +0.045% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USDlong | +0.0456% | 1h | 319.22 | long leg | $916K | $2.4M | 25x | |
| Pacifica TAO | +0.0525% | 1h | 320.07 | +0.267% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | +0.261% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0551% | 1h | 319.98 | +0.239% | $799K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.005% | $318K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0625% | 1h | 319.22 | +0.001% | $94.3M | $110.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 320.34 | +0.352% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.31 | +0.343% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | +0.010% | $367 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0703% | 1h | 319.21 | −0.003% | $15K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0707% | 1h | 319.12 | −0.030% | $297K | $905K | 10x | as long as short |
| Lighter TAO | +0.0744% | 1h | 319.47 | +0.080% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.68 | +0.459% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.41 | +0.062% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.32 | +0.031% | $5.9M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +1.323% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Bybit TAOUSDT
Aster TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP