TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.075%

Price spread now: ApeX Omni against GMX+0.348%7-day average +0.026% · you sell dearer than you buy

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.353%−$35 on $10k

Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.348%, 7d avg +0.026%

Together, before fees−0.770%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.323% dearer against GMX than usual: you sell high and buy low (spread +0.348% now, against its 7-day average of +0.026%): +$32 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days. At the pace of the last 3 days (−0.353% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	312.52	L +0.0136% / S +0.0132%	pay 0.0017% / 1h	15m 05s	$422K	—	100x
Short	ApeX Omni TAOUSDT	313.61	0.0100	get 0.0013% / 1h	15m 05s	$46K	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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 GMXbpFee ApeX OmnibpOrdersPrice spread, now +0.348%Rate

Funding earned: −$7.55
Price spread: +0.348% → +0.026%: $32.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $2.71
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 37 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 37 min ago	5.43 bp	13.3 bp −$13	140.9 bp −$1,409	doesn't fit	doesn't fit

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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.30	−0.069%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.57	+0.016%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	312.57	+0.016%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.01	+0.156%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	312.88	+0.115%	$640	$845K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.95	+0.137%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.68	+0.050%	$89.5M	$501.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.70	+0.057%	$26.1M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.30	−0.071%	$13.3M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.45	−0.023%	$103.0M	$145.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.43	−0.029%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.23	−0.093%	$35.0M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.34	+0.263%	$42K	$314K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	313.61	+0.348%	$46K	$254K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	312.93	+0.131%	$82K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.91	+0.124%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.63	+0.035%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.54	+0.006%	$111K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.50	−0.007%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.43	−0.029%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.74	+0.070%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0114%	4h	312.52	+0.001%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.61	+0.028%	$52K	$290K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0124%	4h	312.88	+0.114%	$531K	$956K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0136% / S +0.0132%	1h	312.52	long leg	$422K	—	100x
Paradex TAO-USD-PERP	+0.0161%	8h	313.12	+0.193%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0187%	4h	312.75	+0.073%	$67.4M	$150.6M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	313.37	+0.272%	$101K	$394K	5x	as long as short
Extended TAO-USD	+0.0320%	1h	312.27	−0.082%	$914K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0323%	4h	312.65	+0.041%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0330%	1h	312.91	+0.125%	$790K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.54	+0.006%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	313.70	+0.377%	$312K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0466%	1h	312.65	+0.040%	$13K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0474%	1h	312.77	+0.080%	$91.9M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	313.27	+0.240%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0504%	1h	312.60	+0.025%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0632%	1h	312.74	+0.069%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.86	+0.107%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.14	+0.197%	$444K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.512%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.90	+0.121%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.327%	$23K	$2K	12x	as long as short