Funding you earn now, next payment 08:00 UTC+0.0415%/8h= +45.4% APRpaid last 24h +0.019%
Price spread now: Kraken Futures against BloFin+0.215%57s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.215%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.185% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour. The two prices were read 57 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 7 days it paid -0.156% in total (about -8.1% 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 | BloFin TAO-USDT | 317.93 | 0.0417 | pay 0.0209% / 4h | 18m 13s | $4.7M | $10.9M | 100x |
| Short | Kraken Futures PF_TAOUSD | 318.61 | 0.0832 | get 0.0104% / 1h | 18m 13s | $6.0M | $21.7M | 50x |
BloFin TAO-USDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $87.05
- Price spread: +0.215% → +0.030%
- $18.53
- Slippage, 4 orders
- −$21.12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $62.46
- Costs to cover
- 0.431%
- Break-even
- 2.0 days
Slippage from BloFin: live order book, 6 min ago; Kraken Futures: live order book, 6 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 BloFin live order book, 6 min ago | 1.42 bp | 7.7 bp −$8 | 13.3 bp −$133 | 29.7 bp −$2,972 | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 5.70 bp | 12.5 bp −$13 | 19.4 bp −$194 | 102.5 bp −$10.3K | 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 | 318.12 | +0.061% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0075% | 1h | 317.18 | −0.236% | $126K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.61 | −0.101% | $45K | $714K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.20 | +0.085% | $26.5M | $131.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.00 | +0.022% | $14.7M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.51 | +0.182% | $17.9M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.91 | −0.006% | $35.7M | $57.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 316.06 | −0.588% | $45K | $260K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.73 | −0.063% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.21 | +0.088% | $2K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni 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 | 317.76 | −0.053% | $116K | $603K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0104% / S +0.0138% | 1h | 318.13 | +0.063% | $406K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 317.36 | −0.179% | $2K | $1.1M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 318.55 | +0.196% | $175K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 315.99 | −0.612% | $42K | $319K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0166% | 4h | 318.49 | +0.176% | $52K | $294K | 10x | as long as short |
| MEXC TAO_USDT | +0.0176% | 4h | 318.29 | +0.113% | $103.3M | $152.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0177% | 4h | 318.55 | +0.195% | $92.1M | $531.3M | 75x | as long as short |
| BingX TAO-USDT | +0.0250% | 4h | 318.32 | +0.123% | — | $37.3M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0251% | 8h | 317.61 | −0.100% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0258% | 4h | 318.47 | +0.170% | $69.8M | $156.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0283% | 1h | 318.55 | +0.195% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0306% | 4h | 315.58 | −0.739% | $537K | $907K | 10x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 317.55 | −0.118% | $372K | $466K | 10x | as long as short |
| Aster TAOUSDT | +0.0345% | 4h | 318.63 | +0.220% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0368% | 1h | 318.52 | +0.186% | $903K | $2.4M | 25x | as long as short |
| BloFin TAO-USDTlong | +0.0417% | 4h | 317.93 | long leg | $4.7M | $10.9M | 100x | |
| Phemex TAOUSDT | +0.0439% | 4h | 318.23 | +0.094% | $3.2M | $8.2M | 50x | as long as short |
| Nado TAO-PERP | +0.0459% | 1h | 317.53 | −0.127% | $781K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 317.84 | −0.028% | $100K | $384K | 5x | as long as short |
| Lighter TAO | +0.0552% | 1h | 318.69 | +0.239% | $1.6M | $6.9M | 5x | as long as short |
| Variational Omni TAO | +0.0557% | 4h | 315.52 | −0.758% | $5.5M | $10.2M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0585% | 1h | 318.51 | +0.184% | $15K | $1.9M | 25x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 316.40 | −0.481% | $318K | $703K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0677% | 1h | 318.42 | +0.154% | $297K | $906K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 318.04 | +0.035% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.23 | +0.095% | $366 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0716% | 1h | 318.47 | +0.170% | $94.1M | $110.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 317.53 | −0.125% | $449K | $655K | 5x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0832% | 1h | 318.61 | +0.215% | $6.0M | $21.7M | 50x | |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.99 | +0.019% | $1.4M | $7.0M | 50x | as long as short |
| Bulk TAO-USD | +0.1572% | 1h | 317.17 | −0.239% | $169K | $0 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | +0.274% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
edgeX TAOUSDC
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
BingX TAO-USDT
Paradex TAO-USD-PERP
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
Extended TAO-USD
Phemex TAOUSDT
Nado TAO-PERP
Arcus TAO-USD
Lighter TAO
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Hyperliquid TAO
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Bulk TAO-USD
Injective TAO/USDC PERP