TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0111%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.068%

Price spread now: dYdX against GMX+0.013%7-day average −0.029% · you sell dearer than you buy

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.202%−$20 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.013%, 7d avg −0.029%

Together, before fees−0.370%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.042% dearer against GMX than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	317.22	L +0.0111% / S +0.0155%	pay 0.0014% / 1h	57m 44s	$424K	—	100x
Short	dYdX TAO-USD	317.27	0	get 0.0000% / 1h	57m 44s	$127K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$23.37
Price spread: +0.013% → −0.029%: $4.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.17
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 46 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 dYdX live order book, 46 min ago	44.87 bp	49.9 bp −$50	57.1 bp −$571	185.6 bp −$18.6K	503.1 bp −$251.6K

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
dYdX TAO-USDshort	0.0000%	1h	317.27	+0.013%	$127K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.22	−0.003%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.63	+0.128%	$43K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	−0.008%	$26.5M	$129.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.197%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.30	+0.024%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.58	+0.112%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.07	−0.049%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.02	−0.065%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.39	+0.052%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.13	−0.030%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.13	−0.030%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	317.42	+0.061%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0111% / S +0.0155%	1h	317.22	long leg	$424K	—	100x
Aevo TAO-PERP	+0.0120%	1h	317.60	+0.118%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0134%	4h	317.33	+0.033%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	317.50	+0.087%	$107.4M	$150.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	317.49	+0.084%	$92.1M	$529.1M	75x	as long as short
edgeX TAOUSDC	+0.0178%	4h	317.16	−0.020%	$42K	$319K	10x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.60	+0.118%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0229%	8h	317.58	+0.113%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0242%	4h	317.54	+0.099%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.58	+0.112%	—	$36.7M	—	as long as short
Pacifica TAO	+0.0313%	1h	317.54	+0.101%	$361K	$427K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	317.42	+0.063%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	+0.041%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	317.55	+0.104%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0411%	4h	317.50	+0.087%	$4.7M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0458%	1h	317.34	+0.037%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0472%	1h	317.62	+0.124%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.83	+0.191%	$102K	$389K	5x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	+0.064%	$5.6M	$10.2M	—	as long as short
Lighter TAO	+0.0520%	1h	317.48	+0.081%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0535%	1h	317.57	+0.109%	$94.0M	$110.1M	5x	as long as short
Phoenix TAO	+0.0567%	1h	317.40	+0.055%	$316K	$701K	5x	as long as short
Phemex TAOUSDT	+0.0614%	4h	317.57	+0.109%	$3.2M	$8.2M	50x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	317.96	+0.232%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0650%	1h	317.80	+0.181%	$296K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.39	+0.052%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.55	+0.101%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.48	+0.079%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.45	+0.386%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	323.52	+1.984%	$24K	$2K	12x	as long as short