Funding you earn now, next payment 04:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h +0.001%
Price spread now: Katana Perps against GRVT−0.088%7-day average +0.013% · 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)+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.773%−$77 · spread now −0.088%, 7d avg +0.013%
=Together, before fees−0.624%+ Points / potential airdropGRVT: Active · farm board−$62 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Katana Perps is 0.101% cheaper against GRVT than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.150%, 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 | GRVT TAO_USDT_Perp | 324.65 | 0.0264 | pay 0.0132% / 4h | 1h 33m | $540K | $963K | 10x |
| Short | Katana Perps TAO-USD | 324.37 | 0.0117 | get 0.0117% / 8h | 5h 33m | $1K | $765K | 5x |
GRVT TAO_USDT_Perp
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against GRVT. 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
- −$30.89
- Price spread: −0.088% → +0.013%
- −$10.09
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$53.78
- Costs to cover
- 0.128%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 30 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 GRVT live order book, 30 min ago | 2.21 bp | 10.3 bp −$10 | 26.9 bp −$269 | 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 | −0.5583% | 1h | 316.49 | −2.515% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.76 | −0.275% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.91 | −0.229% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 324.52 | −0.041% | $36K | $671K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 324.32 | −0.103% | $94.5M | $476.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.20 | −0.140% | $26.7M | $119.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 324.10 | −0.171% | $13.3M | $49.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 324.27 | −0.118% | $110.5M | $140.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 324.30 | −0.109% | $18.0M | $31.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.14 | −0.158% | $36.2M | $54.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 322.54 | −0.650% | $36K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 324.24 | −0.128% | $88K | $789K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.98 | −0.208% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.78 | −0.269% | $131K | $481K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 324.25 | −0.125% | $3.5M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 324.87 | +0.065% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0110% | 4h | 324.15 | −0.155% | $59K | $281K | 10x | as long as short |
| Katana Perps TAO-USDshort | +0.0117% | 8h | 324.37 | −0.088% | $1K | $765K | 5x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0161% / S +0.0106% | 1h | 323.89 | −0.237% | $441K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0242% | 1h | 324.17 | −0.150% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perplong | +0.0264% | 4h | 324.65 | long leg | $540K | $963K | 10x | |
| Bullet TAO-USD | +0.0318% | 1h | 324.41 | −0.076% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0320% | 8h | 324.16 | −0.151% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 323.97 | −0.211% | $4.6M | $10.9M | 100x | as long as short |
| Aster TAOUSDT | +0.0371% | 4h | 324.24 | −0.128% | $1.2M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 324.38 | −0.084% | $383K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.60 | −0.017% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 324.66 | +0.002% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0535% | 1h | 324.34 | −0.096% | $793K | $2.2M | 10x | as long as short |
| Bybit TAOUSDT | +0.0607% | 4h | 324.40 | −0.078% | $71.4M | $142.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0608% | 4h | 324.16 | −0.152% | — | $30.2M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0669% | 1h | 324.14 | −0.158% | $33K | $1.6M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 324.34 | −0.097% | $373 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 324.96 | +0.094% | $3K | $4K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0804% | 1h | 322.29 | −0.728% | $47K | $254K | 50x | as long as short |
| Variational Omni TAO | +0.0866% | 4h | 320.39 | −1.313% | $5.9M | $9.7M | — | as long as short |
| Lighter TAO | +0.0896% | 1h | 324.62 | −0.012% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0904% | 1h | 324.21 | −0.138% | $949K | $2.3M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 325.38 | +0.224% | $1.5M | $6.7M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1063% | 1h | 324.63 | −0.007% | $446K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 324.46 | −0.061% | $460K | $628K | 5x | as long as short |
| Hyperliquid TAO | +0.1318% | 1h | 324.63 | −0.007% | $102.0M | $98.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | −0.396% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
BingX TAO-USDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
ApeX Omni TAOUSDT
Variational Omni TAO
Lighter TAO
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP