Funding you earn now, next payment 23:00 UTC+0.0943%/8h= +103.3% APRpaid last 24h +0.146%
Price spread now: Kraken Futures against HTX−0.136%7-day average +0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1681.683% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 3 days (all we have)+0.300%+$30 · spread now −0.136%, 7d avg +0.165%
=Funding pays, the price is against you. Kraken Futures is 0.301% cheaper against HTX than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of +0.165%). If the spread goes back, that is −$30 on $10k: about 26 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.234% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.234% in total (about 12.2% 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 | HTX TAO-USDT | 303.25 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $122K | $364K | 20x |
| Short | Kraken Futures PF_TAOUSD | 302.84 | 0.1043 | get 0.0130% / 1h | 27m 31s | $5.7M | $19.7M | 50x |
HTX TAO-USDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- $198.04
- Price spread: −0.136% → +0.165%
- −$30.09
- Slippage, 4 orders
- −$146.32
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.36
- Costs to cover
- 1.683%
- Break-even
- 7.0 days
Slippage from HTX: live order book, 55 min ago; Kraken Futures: live order book, 2 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 HTX live order book, 55 min ago | 34.46 bp | 101.1 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.76 bp | 11.2 bp −$11 | 32.1 bp −$321 | 129.1 bp −$12.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 303.01 | −0.077% | $26K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0014% | 1h | 303.01 | −0.079% | $21K | $1.4M | 25x | as long as short |
| dYdX TAO-USD | +0.0020% | 1h | 302.67 | −0.193% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.21 | −0.013% | $45K | $537K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.10 | −0.048% | $84.8M | $413.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.23 | −0.007% | $58.6M | $121.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.10 | −0.049% | $24.4M | $95.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.29 | +0.013% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 303.38 | +0.042% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 302.80 | −0.148% | $12.1M | $48.8M | 50x | as long as short |
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 302.99 | −0.086% | $111.2M | $125.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 302.92 | −0.109% | $18.4M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 302.86 | −0.129% | $33.8M | $46.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.13 | −0.040% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.79 | +0.177% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.78 | +0.176% | $39K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.76 | +0.167% | $502K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.17 | −0.026% | $74K | $589K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.23 | −0.007% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.06 | −0.063% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.77 | +0.171% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDTlong | +0.0100% | 4h | 303.25 | long leg | $122K | $364K | 20x | |
| Phemex TAOUSDT | +0.0100% | 4h | 302.85 | −0.132% | $3.2M | $7.9M | 50x | as long as short |
| Aster TAOUSDT | +0.0102% | 4h | 303.13 | −0.041% | $1.1M | $7.7M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.16 | −0.031% | $166K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 302.97 | −0.092% | $620 | $498K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0112% | 1h | 303.77 | +0.171% | $46K | $269K | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 302.92 | −0.108% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.09 | −0.053% | $358K | $372K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 302.96 | −0.095% | $433K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.93 | +0.224% | $4.2M | $9.4M | 100x | as long as short |
| Nado TAO-PERP | +0.0342% | 1h | 303.06 | −0.062% | $818K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0384% | 1h | 303.16 | −0.030% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0400% | 1h | 303.23 | −0.007% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0441% | 1h | 302.99 | −0.086% | $292K | $799K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 303.50 | +0.082% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.00 | −0.082% | $348 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 303.09 | −0.052% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 303.73 | +0.158% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.1043% | 1h | 302.84 | −0.136% | $5.7M | $19.7M | 50x | |
| Hyperliquid TAO | +0.1051% | 1h | 303.39 | +0.046% | $92.1M | $80.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 303.24 | −0.003% | $410K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.807% | $22K | $264 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
Phemex TAOUSDT
Aster TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Nado TAO-PERP
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP