TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0382%/8h= +41.8% APRnext payment +$0.48 per $10,000 · paid last 24h +0.065%

Price spread now: Kraken Futures against Arcus−0.232%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.204%+$20 on $10k

Price spread, last 4 days (all we have)+0.356%+$36 · spread now −0.232%, 7d avg −0.026%

Together, before fees+0.560%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.206% cheaper against Arcus than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.026%). If the spread goes back, that is −$21 on $10k: about 43 hours of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.204% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	317.36	0.0404	pay 0.0051% / 1h	46m 42s	$100K	$377K	5x
Short	Kraken Futures PF_TAOUSD	316.62	0.0786	get 0.0098% / 1h	46m 42s	$6.0M	$21.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now −0.232%Rate

Funding earned: $80.24
Price spread: −0.232% → −0.026%: −$20.63
Slippage, 4 orders: −$41.91
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3.2
Costs to cover: 0.564%
Break-even: 6.7 days

Slippage from Arcus: live order book, 52 min ago; Kraken Futures: live order book, 2 min ago.

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 Arcus live order book, 52 min ago	9.78 bp	13.1 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.31 bp	16.1 bp −$16	24.9 bp −$249	112.8 bp −$11.3K	doesn't fit

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	316.25	−0.351%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0066%	1h	316.46	−0.285%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.21	−0.047%	$50K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	317.01	−0.110%	$920	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	−0.239%	$26.4M	$131.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.271%	$14.8M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.64	−0.227%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.64	−0.227%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.88	−0.151%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.94	−0.132%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	316.41	−0.299%	$116K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.55	−0.255%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.81	−0.173%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	316.75	−0.192%	$104.3M	$151.6M	300x	as long as short
edgeX TAOUSDC	+0.0164%	4h	316.63	−0.229%	$42K	$321K	10x	as long as short
Binance TAOUSDT	+0.0165%	4h	316.75	−0.192%	$92.7M	$531.7M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0204%	4h	316.55	−0.255%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0225%	1h	316.59	−0.243%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0228%	4h	316.92	−0.139%	$542K	$887K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	−0.369%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.91	−0.143%	$14K	$876	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0289%	1h	316.57	−0.248%	$15K	$1.9M	25x	as long as short
ApeX Omni TAOUSDT	+0.0294%	1h	316.58	−0.246%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0326%	4h	316.90	−0.145%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.87	−0.156%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0362% / S −0.0107%	1h	316.29	−0.338%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0376%	1h	316.63	−0.232%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	316.72	−0.202%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USDlong	+0.0404%	1h	317.36	long leg	$100K	$377K	5x
Bybit TAOUSDT	+0.0481%	4h	316.80	−0.176%	$69.7M	$156.2M	50x	as long as short
Hyperliquid TAO	+0.0528%	1h	317.00	−0.113%	$93.4M	$110.1M	5x	as long as short
Nado TAO-PERP	+0.0565%	1h	316.73	−0.198%	$770K	$2.0M	10x	as long as short
BingX TAO-USDT	+0.0568%	4h	316.82	−0.170%	—	$37.4M	—	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.555%	$317K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.56	+0.063%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.428%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0640%	1h	316.88	−0.153%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.52	−0.264%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0786%	1h	316.62	−0.232%	$6.0M	$21.3M	50x
Backpack TAO_USDC_PERP	+0.0786%	1h	316.79	−0.180%	$317K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.95	−0.130%	$449K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.98	−0.120%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+0.630%	$23K	$2K	12x	as long as short