Funding you earn now, next payment 09:00 UTC+0.0485%/8h= +53.1% APRpaid last 24h +0.086%
Price spread now: Kraken Futures against GRVT+0.626%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs+$7as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.264%+$26 on $10k
+Price spread, last 4 days (all we have)−0.478%−$48 · spread now +0.626%, 7d avg +0.059%
=Together, before fees−0.214%+ Points / potential airdropGRVT: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.566% dearer against GRVT than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.059%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.264% in total (about 13.8% 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 | GRVT TAO_USDT_Perp | 321.52 | 0.0284 | pay 0.0142% / 4h | 3h 01m | $548K | $825K | 10x |
| Short | Kraken Futures PF_TAOUSD | 323.53 | 0.0769 | get 0.0096% / 1h | 1m 18s | $6.3M | $21.0M | 50x |
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $101.93
- Price spread: +0.626% → +0.059%
- $56.63
- Slippage, 4 orders
- −$30.91
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $108.65
- Costs to cover
- 0.499%
- Break-even
- from the start
Slippage from GRVT: live order book, 32 min ago; Kraken Futures: live order book, 3 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 GRVT live order book, 32 min ago | 2.86 bp | 10.4 bp −$10 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 6.49 bp | 16.6 bp −$17 | 32.0 bp −$320 | 119.2 bp −$11.9K | 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 | −0.0241% | 1h | 318.85 | −0.831% | $169K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 323.24 | +0.535% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 323.73 | +0.688% | $52K | $702K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 323.38 | +0.579% | $71.1M | $154.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.20 | +0.523% | $27.1M | $131.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.30 | +0.554% | $15.4M | $51.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.66 | +0.666% | $17.7M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.11 | +0.495% | $36.5M | $56.6M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.66 | +0.666% | $89K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.20 | +0.523% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
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 | 323.88 | +0.735% | $118K | $552K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.15 | +0.507% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 323.77 | +0.700% | $662 | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 323.45 | +0.601% | $178K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0156% | 4h | 323.61 | +0.651% | $105.9M | $156.6M | 300x | as long as short |
| Binance TAOUSDT | +0.0159% | 4h | 323.46 | +0.604% | $94.7M | $519.1M | 75x | as long as short |
| BingX TAO-USDT | +0.0162% | 4h | 323.40 | +0.585% | — | $38.9M | — | as long as short |
| edgeX TAOUSDC | +0.0164% | 4h | 321.70 | +0.055% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0222% | 8h | 323.87 | +0.731% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0244% | 4h | 323.39 | +0.582% | $55K | $272K | 10x | as long as short |
| Bullet TAO-USD | +0.0279% | 1h | 323.53 | +0.626% | $13K | $17K | 20x | as long as short |
| Extended TAO-USD | +0.0280% | 1h | 323.34 | +0.565% | $979K | $2.2M | 25x | as long as short |
| GRVT TAO_USDT_Perplong | +0.0284% | 4h | 321.52 | long leg | $548K | $825K | 10x | |
| ApeX Omni TAOUSDT | +0.0306% | 1h | 321.60 | +0.025% | $45K | $256K | 50x | as long as short |
| Aster TAOUSDT | +0.0325% | 4h | 323.54 | +0.629% | $1.3M | $11.2M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 323.95 | +0.758% | $377K | $439K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0369% / S −0.0109% | 1h | 323.08 | +0.485% | $383K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0396% | 4h | 323.78 | +0.703% | $4.8M | $11.0M | 100x | as long as short |
| Nado TAO-PERP | +0.0398% | 1h | 323.73 | +0.687% | $762K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 323.94 | +0.753% | $102K | $329K | 5x | as long as short |
| dYdX TAO-USD | +0.0532% | 1h | 324.25 | +0.850% | $273K | $232K | 5x | as long as short |
| Variational Omni TAO | +0.0551% | 4h | 321.24 | −0.086% | $5.7M | $9.8M | — | as long as short |
| Lighter TAO | +0.0576% | 1h | 324.11 | +0.805% | $1.6M | $6.8M | 5x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 324.30 | +0.865% | $326K | $714K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0630% | 1h | 323.31 | +0.558% | $20K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 324.35 | +0.881% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0684% | 1h | 323.93 | +0.750% | $97.8M | $109.8M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 323.36 | +0.573% | $372 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0709% | 1h | 323.60 | +0.647% | $321K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0769% | 1h | 323.53 | +0.626% | $6.3M | $21.0M | 50x | |
| RISEx TAO/USDC | +0.0840% | 1h | 322.86 | +0.417% | $440K | $711K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 324.31 | +0.868% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 322.62 | +0.343% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
Bullet TAO-USD
Extended TAO-USD
ApeX Omni TAOUSDT
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
dYdX TAO-USD
Variational Omni TAO
Lighter TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP