Funding you earn now, next payment 12:00 UTC−0.0571%/8h= −62.5% APRnext payment −$0.71 per $10,000 · paid last 24h +0.382%
Price spread now: Kraken Futures against Bulk−0.585%7-day average +0.170% · 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−$108as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 4 days (all we have)+0.638%+$64 on $10k
+Price spread, last 4 days (all we have)+0.616%+$62 · spread now −0.585%, 7d avg +0.170%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Kraken Futures is 0.755% cheaper against Bulk than usual: you would sell low and buy high (−$75 if the spread goes back to its 7-day average of +0.170%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.638%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk TAO-USD | 313.89 | 0.1436 | pay 0.0180% / 1h | 50m 50s | $166K | $662 | 10x |
| Short | Kraken Futures PF_TAOUSD | 312.05 | 0.0866 | get 0.0108% / 1h | 50m 50s | $6.2M | $19.6M | 50x |
Bulk TAO-USD
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bulk. 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
- −$119.81
- Price spread: −0.585% → +0.170%
- −$75.47
- Slippage, 4 orders
- −$15.58
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$227.85
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 56 min ago; Kraken Futures: live order book, 1 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 Bulk live order book, 56 min ago | 0.16 bp | 3.8 bp −$4 | 5.4 bp −$54 | 17.5 bp −$1,751 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.77 bp | 10.8 bp −$11 | 19.9 bp −$199 | 99.2 bp −$9,917 | doesn't fit |
TAO on 43 exchanges
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 −0.0003% | 1h | 311.67 | −0.707% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.01 | −0.599% | $54K | $632K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.90 | −0.634% | $26.6M | $125.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.70 | −0.698% | $16.0M | $46.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.91 | −0.631% | $17.2M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.65 | −0.714% | $35.3M | $54.2M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.73 | −0.051% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.92 | −0.628% | $68K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.75 | −0.682% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.87 | −0.644% | $113K | $550K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0102% | 8h | 311.74 | −0.685% | $998 | $1.3M | 5x | as long as short |
| Extended TAO-USD | +0.0104% | 1h | 311.86 | −0.647% | $922K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 312.05 | −0.585% | $171K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0167% | 4h | 312.21 | −0.535% | $92.6M | $506.4M | 75x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 311.93 | −0.624% | $110.8M | $146.9M | 300x | as long as short |
| edgeX TAOUSDC | +0.0170% | 4h | 313.80 | −0.028% | $41K | $324K | 10x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 312.15 | −0.554% | $369K | $445K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0278% | 4h | 313.81 | −0.025% | $534K | $786K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0281% | 4h | 311.85 | −0.650% | $52K | $262K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0304% | 8h | 312.09 | −0.573% | $14K | $769 | 10x | as long as short |
| Aster TAOUSDT | +0.0347% | 4h | 312.06 | −0.583% | $1.2M | $11.4M | 50x | as long as short |
| dYdX TAO-USD | +0.0367% | 1h | 311.68 | −0.704% | $263K | $230K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0370% / S −0.0114% | 1h | 311.71 | −0.695% | $375K | — | 100x | as long as short |
| BingX TAO-USDT | +0.0372% | 4h | 311.94 | −0.621% | — | $37.7M | — | as long as short |
| Bybit TAOUSDT | +0.0382% | 4h | 312.06 | −0.583% | $68.9M | $154.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0383% | 1h | 312.08 | −0.577% | $12K | $16K | 20x | as long as short |
| Lighter TAO | +0.0392% | 1h | 312.14 | −0.558% | $1.5M | $6.7M | 5x | as long as short |
| BloFin TAO-USDT | +0.0412% | 4h | 312.14 | −0.558% | $4.9M | $10.4M | 100x | as long as short |
| Phemex TAOUSDT | +0.0454% | 4h | 311.78 | −0.672% | $3.1M | $8.3M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0509% | 1h | 311.85 | −0.649% | $24K | $1.9M | 25x | as long as short |
| Nado TAO-PERP | +0.0565% | 1h | 312.06 | −0.582% | $649K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0582% | 1h | 312.11 | −0.567% | $93.4M | $105.2M | 5x | as long as short |
| Arcus TAO-USD | +0.0587% | 1h | 312.11 | −0.567% | $98K | $284K | 5x | as long as short |
| Variational Omni TAO | +0.0597% | 4h | 314.17 | +0.090% | $5.8M | $9.7M | — | as long as short |
| Phoenix TAO | +0.0636% | 1h | 313.20 | −0.220% | $315K | $701K | 5x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 311.90 | −0.635% | $441K | $660K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 311.98 | −0.607% | $359 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 312.55 | −0.427% | $1.1M | $7.4M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0840% | 1h | 312.30 | −0.507% | $3K | $2K | 5x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0866% | 1h | 312.05 | −0.585% | $6.2M | $19.6M | 50x | |
| Backpack TAO_USDC_PERP | +0.0902% | 1h | 312.09 | −0.573% | $299K | $1.1M | 10x | as long as short |
| Bulk TAO-USDlong | +0.1436% | 1h | 313.89 | long leg | $166K | $662 | 10x | |
| Injective TAO/USDC PERP | +0.4136% | 1h | 317.23 | +1.064% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Extended TAO-USD
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Pacifica TAO
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Aster TAOUSDT
dYdX TAO-USD
GMX TAO/USD [WBTC.b-USDC]
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Lighter TAO
BloFin TAO-USDT
Phemex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Hyperliquid TAO
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
RISEx TAO/USDC
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP