TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h −0.065%

Price spread now: Arcus against GMX+0.061%7-day average +0.088% · you sell dearer than you buy

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

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.334%−$33 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.061%, 7d avg +0.088%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.027% cheaper against GMX than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.088%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.334%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	311.74	L +0.0141% / S +0.0131%	pay 0.0018% / 1h	44m 53s	$415K	—	100x
Short	Arcus TAO-USD	311.93	0.0231	get 0.0029% / 1h	44m 53s	$101K	$392K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.061%Rate

Funding earned: $18.93
Price spread: +0.061% → +0.088%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$0.29
Costs to cover: 0.165%
Break-even: 7.1 days

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 9 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 Arcus live order book, 9 min ago	5.09 bp	8.2 bp −$8	21.1 bp −$211	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	312.12	+0.121%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.36	−0.122%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.82	+0.026%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.83	+0.029%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.88	+0.045%	$2K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.65	−0.030%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.71	−0.010%	$89.5M	$497.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.80	+0.019%	$67.0M	$149.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.70	−0.013%	$25.9M	$120.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.078%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.50	−0.077%	$13.0M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.85	+0.035%	$101.1M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.73	−0.003%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.30	−0.141%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.72	−0.006%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.146%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.060%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	+0.071%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.59	−0.048%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.94	+0.064%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.75	+0.003%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.63	−0.035%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	+0.091%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	312.06	+0.103%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0117%	4h	311.99	+0.080%	$1.2M	$10.4M	50x	as long as short
Phemex TAOUSDT	+0.0127%	4h	312.00	+0.083%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0141% / S +0.0131%	1h	311.74	long leg	$415K	—	100x
Paradex TAO-USD-PERP	+0.0141%	8h	311.92	+0.059%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0176%	1h	311.78	+0.013%	$913K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0217%	1h	311.70	−0.013%	$91.5M	$107.2M	5x	as long as short
Arcus TAO-USDshort	+0.0231%	1h	311.93	+0.061%	$101K	$392K	5x
Nado TAO-PERP	+0.0255%	1h	311.77	+0.010%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.116%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.24	+0.160%	$4.5M	$10.8M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0396%	1h	312.18	+0.141%	$310K	$906K	10x	as long as short
Lighter TAO	+0.0400%	1h	312.44	+0.225%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.92	+0.058%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.244%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	312.22	+0.154%	$33K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.81	+0.021%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.81	+0.021%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.68	+0.301%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.809%	$23K	$2K	12x	as long as short