Funding you earn now, next payment 09:00 UTC+0.0622%/8h= +68.1% APRpaid last 24h +0.092%
Price spread now: Kraken Futures against Binance+0.009%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.009%, 7d avg +0.047%
=Funding pays, the price is against you. Kraken Futures is 0.038% cheaper against Binance than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.047%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.296% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.296% in total (about 15.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TAOUSDT | 316.40 | 0.0165 | pay 0.0082% / 4h | 3h 44m | $92.4M | $531.9M | 75x |
| Short | Kraken Futures PF_TAOUSD | 316.43 | 0.0787 | get 0.0098% / 1h | 44m 52s | $6.0M | $21.3M | 50x |
Binance TAOUSDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $130.58
- Price spread: +0.009% → +0.047%
- −$3.84
- Slippage, 4 orders
- −$23.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $83.13
- Costs to cover
- 0.436%
- Break-even
- 2.5 days
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 4 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 Binance live order book, 14 min ago | 0.16 bp | 8.7 bp −$9 | 16.6 bp −$166 | 41.6 bp −$4,155 | doesn't fit |
| Sell Kraken Futures live order book, 4 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 | 315.91 | −0.155% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0061% | 1h | 316.46 | +0.017% | $127K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.69 | +0.091% | $50K | $715K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 316.39 | −0.004% | $647 | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.40 | 0.000% | $26.3M | $131.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.00 | −0.127% | $14.8M | $49.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.13 | −0.086% | $17.7M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.09 | −0.098% | $35.6M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.40 | 0.000% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.40 | 0.000% | $1K | $1.9M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget 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 | 315.77 | −0.200% | $116K | $589K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.33 | −0.023% | $3.2M | $8.2M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 316.46 | +0.019% | $174K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 316.32 | −0.026% | $104.3M | $151.6M | 300x | as long as short |
| edgeX TAOUSDC | +0.0164% | 4h | 316.63 | +0.074% | $42K | $321K | 10x | as long as short |
| Binance TAOUSDTlong | +0.0165% | 4h | 316.40 | long leg | $92.4M | $531.9M | 75x | |
| Orderly PERP_TAO_USDC | +0.0206% | 4h | 316.26 | −0.045% | $54K | $299K | 10x | as long as short |
| Bullet TAO-USD | +0.0210% | 1h | 316.26 | −0.044% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0228% | 4h | 316.92 | +0.163% | $542K | $887K | 10x | as long as short |
| Bulk TAO-USD | +0.0233% | 1h | 316.19 | −0.067% | $168K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0247% | 8h | 316.50 | +0.031% | $14K | $876 | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0291% | 1h | 317.19 | +0.249% | $46K | $257K | 50x | as long as short |
| Bybit TAOUSDT | +0.0319% | 4h | 316.48 | +0.025% | $69.7M | $156.2M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0325% | 1h | 316.26 | −0.044% | $15K | $1.9M | 25x | as long as short |
| Aster TAOUSDT | +0.0327% | 4h | 316.32 | −0.026% | $1.2M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 316.52 | +0.036% | $371K | $442K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0362% / S −0.0107% | 1h | 315.88 | −0.166% | $372K | — | 100x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 316.25 | −0.048% | $899K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 316.79 | +0.123% | $100K | $376K | 5x | as long as short |
| BloFin TAO-USDT | +0.0405% | 4h | 316.33 | −0.023% | $4.8M | $10.8M | 100x | as long as short |
| Hyperliquid TAO | +0.0497% | 1h | 316.44 | +0.012% | $93.2M | $110.2M | 5x | as long as short |
| BingX TAO-USDT | +0.0568% | 4h | 316.30 | −0.032% | — | $37.4M | — | as long as short |
| Nado TAO-PERP | +0.0568% | 1h | 316.40 | +0.001% | $768K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 315.60 | −0.253% | $317K | $714K | 5x | as long as short |
| Lighter TAO | +0.0592% | 1h | 316.59 | +0.060% | $1.6M | $6.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 317.02 | +0.196% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0622% | 4h | 316.65 | +0.079% | $5.6M | $10.1M | — | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 316.19 | −0.066% | $364 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0757% | 1h | 316.39 | −0.004% | $316K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0787% | 1h | 316.43 | +0.009% | $6.0M | $21.3M | 50x | |
| RISEx TAO/USDC | +0.0840% | 1h | 316.52 | +0.038% | $446K | $673K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 316.61 | +0.066% | $1.2M | $7.3M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 319.36 | +0.935% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
MEXC TAO_USDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
Bullet TAO-USD
GRVT TAO_USDT_Perp
Bulk TAO-USD
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Arcus TAO-USD
BloFin TAO-USDT
Hyperliquid TAO
BingX TAO-USDT
Nado TAO-PERP
Phoenix TAO
Lighter TAO
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP