Funding you earn now, next payment 01:00 UTC+0.0379%/8h= +41.6% APRpaid last 24h +0.127%
Price spread now: Kraken Futures against edgeX+0.476%76s7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as 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−$470.475% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 3 days (all we have)−0.295%−$30 · spread now +0.476%, 7d avg +0.083%
=Together, before fees−0.044%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.393% dearer against edgeX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.083%. The two prices were read 76 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 0.251% in total (about 13.1% 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 | edgeX TAOUSDC | 318.20 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $40K | $292K | 10x |
| Short | Kraken Futures PF_TAOUSD | 319.72 | 0.0479 | get 0.0060% / 1h | 33m 58s | $5.8M | $20.3M | 50x |
edgeX TAOUSDC
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against edgeX. 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
- $79.69
- Price spread: +0.476% → +0.083%
- $39.34
- Slippage, 4 orders
- −$28.48
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $71.56
- Costs to cover
- 0.475%
- Break-even
- 0.7 days
Slippage from edgeX: live order book, 39 min ago; Kraken Futures: live order book, 5 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 edgeX live order book, 39 min ago | 7.98 bp | 12.6 bp −$13 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 4.73 bp | 12.5 bp −$12 | 34.9 bp −$349 | 116.5 bp −$11.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1322% | 1h | 319.84 | +0.514% | $170K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.1078% | 4h | 319.49 | +0.404% | $3.4M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.67 | +0.775% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.34 | +0.358% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.41 | +0.693% | $42K | $587K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.11 | +0.284% | $91.9M | $446.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.40 | +0.690% | $26.2M | $109.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.00 | +0.250% | $12.9M | $50.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.17 | +0.304% | $107.9M | $134.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.11 | +0.285% | $18.2M | $29.1M | 75x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 319.13 | +0.291% | $35.6M | $50.3M | 50x | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 318.20 | long leg | $40K | $292K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.52 | −0.528% | $524K | $960K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.55 | +0.423% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.38 | +0.370% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.62 | +0.445% | $128K | $424K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.80 | +0.502% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 320.43 | +0.700% | $2K | $616K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0135% | 1h | 319.58 | +0.433% | $18K | $1.6M | 25x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0089% | 1h | 319.27 | +0.334% | $466K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0177% | 1h | 319.84 | +0.514% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 321.07 | +0.901% | $380K | $374K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 321.48 | +1.030% | $85K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0237% | 4h | 319.44 | +0.387% | $1.1M | $8.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0243% | 8h | 321.22 | +0.948% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.99 | +0.561% | $4.5M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0344% | 1h | 319.23 | +0.323% | $48K | $266K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0349% | 1h | 320.24 | +0.640% | $94K | $638K | 5x | as long as short |
| Variational Omni TAO | +0.0398% | 4h | 320.33 | +0.667% | $5.6M | $8.7M | — | as long as short |
| BingX TAO-USDT | +0.0428% | 4h | 319.16 | +0.301% | — | $30.5M | — | as long as short |
| Bybit TAOUSDT | +0.0450% | 4h | 319.36 | +0.363% | $65.6M | $133.0M | 50x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0479% | 1h | 319.72 | +0.476% | $5.8M | $20.3M | 50x | |
| Phoenix TAO | +0.0525% | 1h | 317.50 | −0.221% | $332K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.79 | +0.499% | $23K | $666 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 321.22 | +0.948% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.63 | +0.448% | $368 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0757% | 1h | 319.71 | +0.473% | $893K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0899% | 1h | 319.89 | +0.530% | $323K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.73 | +0.794% | $1.5M | $6.3M | 50x | as long as short |
| Extended TAO-USD | +0.1136% | 1h | 319.18 | +0.305% | $936K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 321.13 | +0.920% | $427K | $600K | 5x | as long as short |
| Lighter TAO | +0.1488% | 1h | 320.15 | +0.613% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2345% | 1h | 319.94 | +0.546% | $103.4M | $90.7M | 5x | as long as short |
Bitget TAOUSDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
BloFin TAO-USDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Variational Omni TAO
BingX TAO-USDT
Bybit TAOUSDT
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO