Funding you earn now, next payment 06:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Extended+0.052%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.052%, 7d avg +0.089%
=Together, before fees+0.217%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.037% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.117%, 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 | Extended TAO-USD | 314.21 | 0.0456 | pay 0.0057% / 1h | 34m 16s | $904K | $2.4M | 25x |
| Short | Kraken Futures PF_TAOUSD | 314.38 | 0.0303 | get 0.0038% / 1h | 34m 16s | $5.9M | $21.4M | 50x |
Extended TAO-USD
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$32.1
- Price spread: +0.052% → +0.089%
- −$3.68
- Slippage, 4 orders
- −$30.38
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.16
- Costs to cover
- 0.454%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago | 3.35 bp | 6.2 bp −$6 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 9.59 bp | 15.3 bp −$15 | 21.8 bp −$218 | 90.0 bp −$9,002 | 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 −0.0004% | 1h | 314.03 | −0.059% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0039% | 1h | 314.72 | +0.161% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.22 | +0.003% | $90.1M | $507.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | +0.028% | $26.3M | $122.4M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 314.32 | +0.034% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.90 | −0.100% | $13.9M | $50.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.27 | +0.018% | $107.5M | $145.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.30 | +0.028% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.87 | −0.109% | $35.3M | $57.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.69 | −0.168% | $41K | $315K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.32 | +0.034% | $90K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.97 | −0.077% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.24 | +0.008% | $113K | $553K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 314.61 | +0.126% | $644 | $907K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.42 | +0.064% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0124% | 4h | 314.24 | +0.008% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0130% / S +0.0139% | 1h | 313.92 | −0.092% | $421K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0135% | 4h | 314.22 | +0.002% | $3.2M | $8.0M | 50x | as long as short |
| Popdex TAOUSDT | +0.0184% | 1h | 314.45 | +0.075% | $50K | $665K | 20x | as long as short |
| Aster TAOUSDT | +0.0199% | 4h | 314.31 | +0.031% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 315.03 | +0.258% | $359K | $419K | 10x | as long as short |
| Nado TAO-PERP | +0.0256% | 1h | 314.67 | +0.146% | $777K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 315.10 | +0.283% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0296% | 1h | 314.13 | −0.027% | $10K | $1.8M | 25x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0303% | 1h | 314.38 | +0.052% | $5.9M | $21.4M | 50x | |
| GRVT TAO_USDT_Perp | +0.0306% | 4h | 313.96 | −0.080% | $533K | $935K | 10x | as long as short |
| Bullet TAO-USD | +0.0333% | 1h | 314.35 | +0.043% | $12K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0338% | 1h | 313.52 | −0.221% | $44K | $257K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.94 | +0.549% | $4.6M | $11.0M | 100x | as long as short |
| BingX TAO-USDT | +0.0426% | 4h | 314.12 | −0.030% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0431% | 4h | 314.95 | +0.233% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USDlong | +0.0456% | 1h | 314.21 | long leg | $904K | $2.4M | 25x | |
| Bybit TAOUSDT | +0.0462% | 4h | 314.39 | +0.056% | $68.3M | $152.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 315.01 | +0.254% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 314.00 | −0.068% | $312K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.43 | +0.070% | $362 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 314.62 | +0.129% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0796% | 1h | 314.41 | +0.063% | $91.9M | $108.8M | 5x | as long as short |
| Lighter TAO | +0.0800% | 1h | 314.56 | +0.111% | $1.5M | $6.6M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0829% | 1h | 314.19 | −0.007% | $310K | $889K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 316.22 | +0.639% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 314.58 | +0.118% | $456K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 317.66 | +1.097% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
Popdex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Nado TAO-PERP
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
GRVT TAO_USDT_Perp
Bullet TAO-USD
ApeX Omni TAOUSDT
BloFin TAO-USDT
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Arcus TAO-USD
Phoenix TAO
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP