Funding you earn now, next payment 06:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.014%
Price spread now: Katana Perps against Deribit−0.047%7-day average +0.001% · 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)+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.047%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Katana Perps is 0.049% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.158%, 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 | Deribit TAO_USDC-PERPETUAL | 319.06 | 0.0496 | pay 0.0062% / 1h | 11m 51s | $15K | $1.8M | 25x |
| Short | Katana Perps TAO-USD | 318.91 | 0.0110 | get 0.0110% / 8h | 2h 11m | $1K | $946K | 5x |
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Deribit. 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
- −$81
- Price spread: −0.047% → +0.001%
- −$4.87
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$96.66
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 2 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 Deribit live order book, 2 min ago | 6.43 bp | 10.2 bp −$10 | 15.5 bp −$155 | doesn't fit | 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 | −0.1195% | 1h | 319.01 | −0.015% | $169K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.72 | −0.107% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0032% | 1h | 318.55 | −0.162% | $127K | $85K | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.80 | −0.082% | $26.7M | $125.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.60 | −0.145% | $14.2M | $51.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.86 | −0.063% | $17.6M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.70 | −0.113% | $35.9M | $57.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.35 | −0.224% | $42K | $317K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.92 | −0.044% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.73 | −0.104% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
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 | 318.54 | −0.163% | $116K | $565K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.75 | −0.098% | $3.2M | $8.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0104% | 4h | 318.99 | −0.022% | $101.4M | $148.1M | 300x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.38 | +0.101% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USDshort | +0.0110% | 8h | 318.91 | −0.047% | $1K | $946K | 5x | |
| Binance TAOUSDT | +0.0110% | 4h | 319.00 | −0.020% | $91.5M | $513.3M | 75x | as long as short |
| Orderly PERP_TAO_USDC | +0.0116% | 4h | 319.03 | −0.010% | $53K | $291K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0126% / S +0.0144% | 1h | 318.78 | −0.089% | $423K | — | 100x | as long as short |
| Popdex TAOUSDT | +0.0128% | 1h | 319.02 | −0.013% | $54K | $671K | 20x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 318.99 | −0.022% | $364K | $420K | 10x | as long as short |
| Aster TAOUSDT | +0.0271% | 4h | 318.99 | −0.022% | $1.3M | $10.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0278% | 8h | 319.13 | +0.021% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0290% | 1h | 319.16 | +0.032% | $802K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0299% | 1h | 319.10 | +0.013% | $6.0M | $21.6M | 50x | as long as short |
| Bullet TAO-USD | +0.0322% | 1h | 319.11 | +0.016% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0344% | 4h | 319.43 | +0.115% | $3.7M | $11.0M | 100x | as long as short |
| BingX TAO-USDT | +0.0388% | 4h | 318.94 | −0.038% | — | $33.8M | — | as long as short |
| Bybit TAOUSDT | +0.0391% | 4h | 319.09 | +0.009% | $69.9M | $153.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0436% | 4h | 318.55 | −0.160% | $545K | $935K | 10x | as long as short |
| Variational Omni TAO | +0.0467% | 4h | 317.98 | −0.338% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 319.52 | +0.144% | $103K | $351K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0496% | 1h | 319.06 | long leg | $15K | $1.8M | 25x | |
| ApeX Omni TAOUSDT | +0.0504% | 1h | 318.01 | −0.330% | $45K | $256K | 50x | as long as short |
| Extended TAO-USD | +0.0504% | 1h | 318.82 | −0.076% | $906K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 318.90 | −0.051% | $317K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 319.08 | +0.006% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 319.22 | +0.050% | $1.5M | $6.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0800% | 1h | 319.51 | +0.141% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0804% | 1h | 319.17 | +0.034% | $93.7M | $109.5M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0835% | 1h | 319.10 | +0.012% | $316K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 319.97 | +0.285% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 319.05 | −0.003% | $461K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 322.94 | +1.216% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
MEXC TAO_USDT
Aevo TAO-PERP
Binance TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Popdex TAOUSDT
Pacifica TAO
Aster TAOUSDT
Paradex TAO-USD-PERP
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Bybit TAOUSDT
GRVT TAO_USDT_Perp
Variational Omni TAO
Arcus TAO-USD
ApeX Omni TAOUSDT
Extended TAO-USD
Phoenix TAO
Reya TAORUSDPERP
Lighter TAO
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP