Funding you earn now, next payment 12:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.043%
Price spread now: Arcus against Katana Perps+0.180%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.180%, 7d avg +0.059%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Arcus is 0.121% dearer against Katana Perps than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.059%. Mind the row above: over the last 4 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.100% in total (about -9.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 321.55 | 0.0101 | pay 0.0101% / 8h | 4h 08m | $1K | $1.3M | 5x |
| Short | Arcus TAO-USD | 322.13 | 0.0587 | get 0.0073% / 1h | 8m 05s | $102K | $284K | 5x |
Katana Perps TAO-USD
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Katana Perps. 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
- $102.04
- Price spread: +0.180% → +0.059%
- $12.09
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $105.83
- Costs to cover
- 0.083%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Arcus: live order book, 33 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 33 min ago | 6.82 bp | 9.4 bp −$9 | 20.6 bp −$206 | doesn't fit | doesn't fit |
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 exchanges
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 −0.0003% | 1h | 321.05 | −0.156% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.51 | −0.012% | $60K | $610K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.70 | −0.264% | $27.6M | $126.8M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 319.24 | −0.719% | $169K | $662 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.80 | −0.233% | $16.8M | $47.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.31 | −0.075% | $17.8M | $30.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.79 | −0.236% | $36.3M | $53.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.38 | −0.364% | $45K | $249K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.38 | −0.053% | $68K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 321.36 | −0.059% | $2K | $1.7M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 321.24 | −0.096% | $116K | $520K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0101% | 8h | 321.55 | long leg | $1K | $1.3M | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0103% | 1h | 321.32 | −0.071% | $30K | $1.9M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 321.59 | +0.011% | $177K | $998 | 3x | as long as short |
| Extended TAO-USD | +0.0128% | 1h | 321.40 | −0.046% | $935K | $2.2M | 25x | as long as short |
| dYdX TAO-USD | +0.0130% | 1h | 321.43 | −0.037% | $271K | $226K | 5x | as long as short |
| Phemex TAOUSDT | +0.0137% | 4h | 321.16 | −0.121% | $3.2M | $8.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0145% | 4h | 319.74 | −0.562% | $42K | $324K | 10x | as long as short |
| MEXC TAO_USDT | +0.0148% | 4h | 321.29 | −0.081% | $114.6M | $153.2M | 300x | as long as short |
| Binance TAOUSDT | +0.0149% | 4h | 321.06 | −0.152% | $95.7M | $500.0M | 75x | as long as short |
| Bullet TAO-USD | +0.0170% | 1h | 321.41 | −0.043% | $12K | $15K | 20x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 321.77 | +0.069% | $390K | $448K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0233% | 8h | 321.79 | +0.075% | $15K | $769 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0242% | 4h | 321.24 | −0.097% | $550K | $793K | 10x | as long as short |
| Bybit TAOUSDT | +0.0249% | 4h | 320.99 | −0.174% | $71.3M | $152.1M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0256% | 4h | 321.41 | −0.044% | $54K | $262K | 10x | as long as short |
| BingX TAO-USDT | +0.0280% | 4h | 321.01 | −0.168% | — | $36.6M | — | as long as short |
| Nado TAO-PERP | +0.0309% | 1h | 321.48 | −0.023% | $674K | $2.0M | 10x | as long as short |
| Aster TAOUSDT | +0.0330% | 4h | 321.12 | −0.134% | $1.3M | $11.4M | 50x | as long as short |
| BloFin TAO-USDT | +0.0384% | 4h | 321.65 | +0.031% | $4.9M | $10.0M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0389% / S −0.0121% | 1h | 321.09 | −0.143% | $390K | — | 100x | as long as short |
| Lighter TAO | +0.0488% | 1h | 321.50 | −0.016% | $1.7M | $6.8M | 5x | as long as short |
| Hyperliquid TAO | +0.0499% | 1h | 321.43 | −0.037% | $96.4M | $104.3M | 5x | as long as short |
| Variational Omni TAO | +0.0520% | 4h | 320.67 | −0.275% | $6.6M | $9.8M | — | as long as short |
| Arcus TAO-USDshort | +0.0587% | 1h | 322.13 | +0.180% | $102K | $284K | 5x | |
| Phoenix TAO | +0.0636% | 1h | 322.50 | +0.295% | $324K | $701K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0693% | 1h | 321.20 | −0.109% | $305K | $1.1M | 10x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 321.42 | −0.041% | $431K | $652K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0700% | 1h | 321.24 | −0.096% | $369 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0712% | 1h | 321.82 | +0.084% | $3K | $2K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 321.19 | −0.112% | $1.1M | $7.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0840% | 1h | 321.71 | +0.049% | $6.4M | $19.4M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4136% | 1h | 322.02 | +0.146% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Deribit TAO_USDC-PERPETUAL
Aevo TAO-PERP
Extended TAO-USD
dYdX TAO-USD
Phemex TAOUSDT
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Bullet TAO-USD
Pacifica TAO
Paradex TAO-USD-PERP
GRVT TAO_USDT_Perp
Bybit TAOUSDT
Orderly PERP_TAO_USDC
BingX TAO-USDT
Nado TAO-PERP
Aster TAOUSDT
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Lighter TAO
Hyperliquid TAO
Variational Omni TAO
Phoenix TAO
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Reya TAORUSDPERP
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP