Funding you earn now, next payment 04:00 UTC−0.0644%/8h= −70.6% APRpaid last 24h +0.001%
Price spread now: Katana Perps against BingX+0.126%7-day average +0.028% · 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)+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.126%, 7d avg +0.028%
=The price spread pays, funding is against you. Katana Perps is 0.099% dearer against BingX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.028%): +$10 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 4 days funding on this pair paid +0.150%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.150% in total (about 14.6% 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 | BingX TAO-USDT | 316.64 | 0.0764 | pay 0.0382% / 4h | 2h 22m | — | $30.9M | — |
| Short | Katana Perps TAO-USD | 317.04 | 0.0120 | get 0.0120% / 8h | 6h 22m | $674 | $707K | 5x |
BingX TAO-USDT
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against BingX. 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
- −$135.34
- Price spread: +0.126% → +0.028%
- $9.88
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$139.26
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 1.45 bp | 7.0 bp −$7 | 12.5 bp −$125 | 29.7 bp −$2,966 | 85.7 bp −$42.9K |
| 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 42 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-USD | 0.0000% | 1h | 316.86 | +0.069% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.20 | −0.139% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.15 | +0.161% | $40K | $632K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.31 | −0.104% | $90.6M | $466.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.30 | −0.107% | $26.2M | $113.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.60 | −0.013% | $12.9M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.05 | +0.129% | $110.6M | $139.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.25 | +0.193% | $18.2M | $30.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.91 | +0.085% | $35.3M | $53.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.28 | −0.745% | $35K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.74 | −0.600% | $47K | $252K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.24 | −0.126% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.74 | +0.032% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.46 | −0.057% | $130K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.60 | −0.013% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.20 | +0.177% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USDshort | +0.0120% | 8h | 317.04 | +0.126% | $674 | $707K | 5x | |
| Polymarket Perps TAO-USD | +0.0140% | 1h | 317.08 | +0.139% | $82K | $680K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0148% | 4h | 314.81 | −0.577% | $519K | $966K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0167% | 1h | 316.72 | +0.027% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0091% | 1h | 316.22 | −0.132% | $443K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0241% | 1h | 317.06 | +0.133% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0261% | 4h | 316.85 | +0.065% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 317.28 | +0.202% | $373K | $381K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 317.44 | +0.253% | $100K | $529K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0354% | 8h | 317.10 | +0.145% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 318.67 | +0.641% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0496% | 1h | 317.13 | +0.156% | $791K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 315.90 | −0.234% | $330K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 317.73 | +0.344% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0664% | 1h | 316.75 | +0.035% | $23K | $1.5M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.11 | +0.147% | $365 | — | 20x | as long as short |
| BingX TAO-USDTlong | +0.0764% | 4h | 316.64 | long leg | — | $30.9M | — | |
| Variational Omni TAO | +0.0822% | 4h | 315.55 | −0.343% | $5.5M | $8.9M | — | as long as short |
| Bybit TAOUSDT | +0.0837% | 4h | 316.48 | −0.051% | $66.4M | $137.9M | 50x | as long as short |
| Extended TAO-USD | +0.0896% | 1h | 317.16 | +0.165% | $909K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0919% | 1h | 317.04 | +0.126% | $320K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 316.98 | +0.107% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 317.15 | +0.163% | $453K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1298% | 1h | 317.57 | +0.294% | $100.7M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 317.61 | +0.306% | $1.6M | $6.1M | 5x | as long as short |
| Bulk TAO-USD | +0.2752% | 1h | 308.95 | −2.430% | $164K | $40K | 10x | as long as short |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Polymarket Perps TAO-USD
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Variational Omni TAO
Bybit TAOUSDT
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD