Funding you earn now, next payment 08:00 UTC+0.1468%/8h= +160.7% APRnext payment +$1.83 per $10,000 · paid last 24h −0.403%
Price spread now: Bulk against GMX+0.068%106s7-day average −0.091% · 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)−0.750%−$75 on $10k
+Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.068%, 7d avg −0.091%
=Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Bulk is 0.159% dearer against GMX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.091%. Mind the row above: over the last 3 days funding on this pair cost −0.750%, so the current rate has only just turned in your favour. The two prices were read 106 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 | GMX TAO/USD [WBTC.b-USDC] | 316.95 | L +0.0104% / S +0.0139% | pay 0.0013% / 1h | 13m 30s | $404K | — | 100x |
| Short | Bulk TAO-USD | 317.17 | 0.1572 | get 0.0196% / 1h | 13m 30s | $169K | $0 | 10x |
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against GMX. 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
- $308.28
- Price spread: +0.068% → −0.091%
- $15.92
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $305.2
- Costs to cover
- 0.190%
- Break-even
- 0.1 days
Slippage unknown: GMX: no order-book sample; Bulk: live order book, 25 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 Bulk live order book, 25 min ago | 0.16 bp | 3.9 bp −$4 | 7.2 bp −$72 | 26.0 bp −$2,603 | 52.2 bp −$26.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.52 | +0.809% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0074% | 1h | 318.96 | +0.631% | $127K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.87 | +0.920% | $46K | $714K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | +0.898% | $26.6M | $132.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.40 | +0.772% | $14.8M | $52.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.65 | +0.850% | $18.0M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.39 | +0.768% | $35.9M | $57.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 317.41 | +0.144% | $46K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.71 | +0.869% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.69 | +0.548% | $2K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 318.10 | +0.361% | $116K | $603K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0104% / S +0.0139% | 1h | 316.95 | long leg | $404K | — | 100x | |
| Katana Perps TAO-USD | +0.0106% | 8h | 319.65 | +0.850% | $2K | $1.1M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 318.82 | +0.590% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0172% | 4h | 319.82 | +0.904% | $52K | $294K | 10x | as long as short |
| MEXC TAO_USDT | +0.0178% | 4h | 319.74 | +0.879% | $103.9M | $152.5M | 300x | as long as short |
| Binance TAOUSDT | +0.0180% | 4h | 319.82 | +0.905% | $92.5M | $531.8M | 75x | as long as short |
| edgeX TAOUSDC | +0.0184% | 4h | 317.44 | +0.153% | $42K | $321K | 10x | as long as short |
| BingX TAO-USDT | +0.0258% | 4h | 319.77 | +0.888% | — | $37.2M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0258% | 8h | 319.71 | +0.871% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0273% | 4h | 319.97 | +0.951% | $70.2M | $157.0M | 50x | as long as short |
| Bullet TAO-USD | +0.0292% | 1h | 319.62 | +0.843% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 319.69 | +0.862% | $375K | $466K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0316% | 4h | 318.09 | +0.358% | $541K | $907K | 10x | as long as short |
| Aster TAOUSDT | +0.0342% | 4h | 319.56 | +0.822% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 319.75 | +0.881% | $908K | $2.4M | 25x | as long as short |
| Phemex TAOUSDT | +0.0413% | 4h | 318.78 | +0.576% | $3.2M | $8.2M | 50x | as long as short |
| BloFin TAO-USDT | +0.0420% | 4h | 317.47 | +0.163% | $4.7M | $10.9M | 100x | as long as short |
| Nado TAO-PERP | +0.0455% | 1h | 319.80 | +0.899% | $787K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 320.04 | +0.974% | $101K | $384K | 5x | as long as short |
| Variational Omni TAO | +0.0560% | 4h | 318.03 | +0.338% | $5.6M | $10.1M | — | as long as short |
| Lighter TAO | +0.0568% | 1h | 319.77 | +0.890% | $1.6M | $6.9M | 5x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.40 | +0.456% | $320K | $703K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 320.25 | +1.040% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0687% | 1h | 319.37 | +0.762% | $298K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.64 | +0.847% | $368 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0714% | 1h | 319.90 | +0.929% | $94.5M | $110.6M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0739% | 1h | 318.93 | +0.623% | $15K | $1.9M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0831% | 1h | 318.93 | +0.622% | $6.0M | $21.6M | 50x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 319.82 | +0.905% | $454K | $662K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.71 | +0.554% | $1.4M | $7.0M | 50x | as long as short |
| Bulk TAO-USDshort | +0.1572% | 1h | 317.17 | +0.068% | $169K | $0 | 10x | |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | +0.582% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
BingX TAO-USDT
Paradex TAO-USD-PERP
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
Extended TAO-USD
Phemex TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Variational Omni TAO
Lighter TAO
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP