Funding you earn now, next payment 04:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.001%
Price spread now: Katana Perps against Binance−0.285%45s7-day average +0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.349%+$35 · spread now −0.285%, 7d avg +0.026%
=Funding pays, the price is against you. Katana Perps is 0.311% cheaper against Binance than usual: you would sell low and buy high (spread −0.285% now, against its 7-day average of +0.026%). If the spread goes back, that is −$31 on $10k: about 38 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.150% in total) that is about 7.6 days. The two prices were read 45 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 | Binance TAOUSDT | 317.97 | 0.0100 | pay 0.0050% / 4h | 3h 37m | $92.0M | $444.8M | 75x |
| Short | Katana Perps TAO-USD | 317.06 | 0.0127 | get 0.0127% / 8h | 7h 37m | $3K | $613K | 5x |
Binance TAOUSDT
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Binance. 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
- $5.69
- Price spread: −0.285% → +0.026%
- −$31.06
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$39.17
- Costs to cover
- 0.138%
- Break-even
- 55.2 days
Slippage unknown: Binance: live order book, 6 min ago; Katana Perps: no order-book sample. 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 Binance live order book, 6 min ago | 0.62 bp | 9.4 bp −$9 | 17.1 bp −$171 | 35.3 bp −$3,527 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1322% | 1h | 319.84 | +0.589% | $170K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.0733% | 4h | 316.88 | −0.341% | $3.4M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.73 | −0.389% | $127K | $88K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 316.82 | −0.361% | $20K | $1.5M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.79 | −0.370% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.15 | −0.257% | $41K | $584K | 20x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 317.97 | long leg | $92.0M | $444.8M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.90 | −0.021% | $26.0M | $107.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.40 | −0.178% | $12.9M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.37 | −0.187% | $106.4M | $133.7M | 300x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.24 | −0.228% | $18.1M | $29.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.76 | −0.065% | $35.5M | $49.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 320.59 | +0.826% | $40K | $292K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.74 | −0.386% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.71 | −0.395% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.64 | −0.102% | $127K | $424K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.09 | −0.277% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USDshort | +0.0127% | 8h | 317.06 | −0.285% | $3K | $613K | 5x | |
| ApeX Omni TAOUSDT | +0.0149% | 1h | 320.42 | +0.772% | $48K | $269K | 50x | as long as short |
| Bullet TAO-USD | +0.0163% | 1h | 317.17 | −0.250% | $12K | $18K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0089% | 1h | 316.80 | −0.367% | $460K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 317.10 | −0.271% | $375K | $374K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.50 | −0.146% | $84K | $545K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0210% | 4h | 321.55 | +1.129% | $533K | $958K | 10x | as long as short |
| Aster TAOUSDT | +0.0231% | 4h | 316.92 | −0.329% | $1.1M | $8.2M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0232% | 8h | 317.00 | −0.305% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0288% | 1h | 317.40 | −0.178% | $94K | $637K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 317.00 | −0.304% | $4.5M | $10.8M | 100x | as long as short |
| Bybit TAOUSDT | +0.0360% | 4h | 318.20 | +0.074% | $65.4M | $131.9M | 50x | as long as short |
| Variational Omni TAO | +0.0378% | 4h | 321.33 | +1.057% | $5.6M | $8.6M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 316.90 | −0.334% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 322.20 | +1.332% | $337K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.59 | +0.511% | $23K | $653 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 317.07 | −0.282% | $3K | $4K | 5x | as long as short |
| BingX TAO-USDT | +0.0680% | 4h | 318.00 | +0.011% | — | $30.5M | — | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 317.34 | −0.198% | $365 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0811% | 1h | 317.53 | −0.138% | $885K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0862% | 1h | 317.24 | −0.228% | $321K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.03 | −0.294% | $1.5M | $6.1M | 50x | as long as short |
| Extended TAO-USD | +0.1088% | 1h | 317.49 | −0.151% | $924K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 317.25 | −0.226% | $420K | $595K | 5x | as long as short |
| Lighter TAO | +0.1536% | 1h | 317.55 | −0.132% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2467% | 1h | 318.46 | +0.155% | $102.9M | $90.5M | 5x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
ApeX Omni TAOUSDT
Bullet TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
GRVT TAO_USDT_Perp
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
BloFin TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
BingX TAO-USDT
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO