Funding you earn now, next payment 11:00 UTC+0.0574%/8h= +62.8% APRnext payment +$0.72 per $10,000 · paid last 24h +0.030%
Price spread now: Kraken Futures against GMX+0.191%54s7-day average +0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.191%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.121% dearer against GMX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.070%. Mind the row above: over the last 4 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour. The two prices were read 54 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 4 days it paid -0.106% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 315.25 | L +0.0359% / S −0.0107% | pay 0.0045% / 1h | 45m 27s | $371K | — | 100x |
| Short | Kraken Futures PF_TAOUSD | 315.85 | 0.0933 | get 0.0117% / 1h | 45m 27s | $6.2M | $19.5M | 50x |
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $120.45
- Price spread: +0.191% → +0.070%
- $12.07
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $110.52
- Costs to cover
- 0.220%
- Break-even
- 0.6 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 5.85 bp | 13.7 bp −$14 | 23.1 bp −$231 | 100.6 bp −$10.1K | 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 exchanges
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 −0.0003% | 1h | 315.39 | +0.045% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.71 | +0.145% | $50K | $632K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.60 | +0.110% | $26.8M | $127.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.30 | +0.015% | $15.7M | $47.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.53 | +0.088% | $17.5M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.40 | +0.047% | $35.8M | $55.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.83 | +0.183% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.38 | +0.040% | $81K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.70 | +0.142% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.87 | +0.196% | $112K | $567K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0104% | 8h | 315.41 | +0.050% | $1K | $1.3M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 315.61 | +0.113% | $173K | $998 | 3x | as long as short |
| Bybit TAOUSDT | +0.0119% | 4h | 315.63 | +0.120% | $69.1M | $155.7M | 50x | as long as short |
| Binance TAOUSDT | +0.0135% | 4h | 315.60 | +0.110% | $92.8M | $510.9M | 75x | as long as short |
| edgeX TAOUSDC | +0.0136% | 4h | 315.81 | +0.177% | $42K | $324K | 10x | as long as short |
| MEXC TAO_USDT | +0.0136% | 4h | 315.60 | +0.110% | $105.9M | $147.7M | 300x | as long as short |
| BingX TAO-USDT | +0.0140% | 4h | 315.54 | +0.091% | — | $38.0M | — | as long as short |
| Phemex TAOUSDT | +0.0179% | 4h | 315.82 | +0.180% | $3.2M | $8.1M | 50x | as long as short |
| Lighter TAO | +0.0184% | 1h | 315.60 | +0.110% | $1.6M | $6.6M | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0200% | 8h | 315.58 | +0.104% | $14K | $876 | 10x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 315.40 | +0.046% | $954K | $2.1M | 25x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 315.54 | +0.090% | $374K | $456K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0246% | 4h | 316.07 | +0.259% | $539K | $795K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0252% | 4h | 315.53 | +0.088% | $53K | $262K | 10x | as long as short |
| Bullet TAO-USD | +0.0258% | 1h | 315.66 | +0.129% | $12K | $16K | 20x | as long as short |
| Aster TAOUSDT | +0.0298% | 4h | 315.59 | +0.107% | $1.2M | $11.2M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0359% / S −0.0107% | 1h | 315.25 | long leg | $371K | — | 100x | |
| BloFin TAO-USDT | +0.0376% | 4h | 315.91 | +0.209% | $4.9M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0385% | 1h | 315.50 | +0.078% | $694K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0439% | 1h | 315.82 | +0.181% | $15K | $1.9M | 25x | as long as short |
| Variational Omni TAO | +0.0452% | 4h | 315.92 | +0.213% | $5.6M | $9.9M | — | as long as short |
| Hyperliquid TAO | +0.0479% | 1h | 315.73 | +0.151% | $95.0M | $107.1M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 315.90 | +0.205% | $3K | $2K | 5x | as long as short |
| Arcus TAO-USD | +0.0610% | 1h | 315.93 | +0.215% | $100K | $310K | 5x | as long as short |
| Bulk TAO-USD | +0.0627% | 1h | 316.13 | +0.278% | $168K | $0 | 10x | as long as short |
| Phoenix TAO | +0.0650% | 1h | 316.10 | +0.269% | $318K | $710K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0664% | 1h | 315.64 | +0.123% | $296K | $1.1M | 10x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 315.54 | +0.093% | $436K | $672K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 316.58 | +0.421% | $1.1M | $7.6M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 315.89 | +0.203% | $363 | — | 20x | as long as short |
| dYdX TAO-USD | +0.0767% | 1h | 315.21 | −0.015% | $266K | $230K | 5x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0933% | 1h | 315.85 | +0.191% | $6.2M | $19.5M | 50x | |
| Injective TAO/USDC PERP | +0.4405% | 1h | 320.28 | +1.595% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Aevo TAO-PERP
Bybit TAOUSDT
Binance TAOUSDT
edgeX TAOUSDC
MEXC TAO_USDT
BingX TAO-USDT
Phemex TAOUSDT
Lighter TAO
Paradex TAO-USD-PERP
Extended TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Bullet TAO-USD
Aster TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Bulk TAO-USD
Phoenix TAO
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Reya TAORUSDPERP
dYdX TAO-USD
Injective TAO/USDC PERP