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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.001%
Price spread now: Binance against Katana Perps−0.022%55s7-day average −0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Binance
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.145%−$14 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.022%, 7d avg −0.022%
Together, before fees−0.164%−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps TAO-USD317.140.0107pay 0.0107% / 8h38m 42s$2K$1.1M5x
ShortBinance TAOUSDT317.070.0179get 0.0089% / 4h38m 42s$92.0M$529.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Katana Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$15.1
Price spread: −0.022% → −0.022%
$0.03
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Binance: 5 bp × 2 orders
−$10
Net
$1.33
Costs to cover
0.138%
Break-even
6.4 days
Slippage unknown: Katana Perps: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell Binance live order book, 5 min ago0.16 bp6.2 bp −$614.5 bp −$14531.6 bp −$3,164doesn'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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h316.92−0.070%$22K—150xas long as short
dYdX TAO-USD+0.0043%1h316.84−0.095%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h317.10−0.013%$44K$709K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.00−0.044%$26.3M$130.2M50xas long as short
Gate TAO_USDT+0.0100%4h316.90−0.076%$14.4M$51.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h317.07−0.022%$17.8M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h316.40−0.233%$35.6M$57.9M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.26+0.038%$88K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h317.26+0.038%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h316.33−0.255%$115K$604K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USDlong+0.0107%8h317.14long leg$2K$1.1M5x
GMX TAO/USD [WBTC.b-USDC]L +0.0108% / S +0.0135%1h317.01−0.042%$405K—100xas long as short
Aevo TAO-PERP+0.0128%1h317.48+0.109%$174K$9983xas long as short
Orderly PERP_TAO_USDC+0.0149%4h317.19+0.016%$52K$294K10xas long as short
MEXC TAO_USDT+0.0178%4h317.06−0.025%$99.8M$151.4M300xas long as short
Binance TAOUSDTshort+0.0179%4h317.07−0.022%$92.0M$529.9M75x
edgeX TAOUSDC+0.0184%4h318.91+0.559%$42K$319K10xas long as short
ApeX Omni TAOUSDT+0.0187%1h318.97+0.577%$46K$260K50xas long as short
Paradex TAO-USD-PERP+0.0243%8h317.17+0.010%$14K$1K10xas long as short
Bybit TAOUSDT+0.0277%4h317.10−0.013%$69.4M$156.7M50xas long as short
BingX TAO-USDT+0.0298%4h317.140.000%—$37.0M—as long as short
Bullet TAO-USD+0.0310%1h317.57+0.136%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h317.17+0.010%$372K$452K10xas long as short
Bulk TAO-USD+0.0317%1h319.23+0.659%$170K$010xas long as short
Deribit TAO_USDC-PERPETUAL+0.0319%1h317.27+0.042%$15K$2.0M25xas long as short
GRVT TAO_USDT_Perp+0.0332%4h318.74+0.504%$543K$918K10xas long as short
Aster TAOUSDT+0.0332%4h317.19+0.015%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0344%1h316.77−0.116%$903K$2.4M25xas long as short
BloFin TAO-USDT+0.0419%4h317.29+0.047%$4.7M$10.9M100xas long as short
Arcus TAO-USD+0.0473%1h317.00−0.044%$102K$381K5xas long as short
Phemex TAOUSDT+0.0515%4h317.18+0.013%$3.2M$8.2M50xas long as short
Nado TAO-PERP+0.0523%1h317.17+0.010%$786K$2.0M10xas long as short
Variational Omni TAO+0.0537%4h318.96+0.575%$5.6M$10.2M—as long as short
Lighter TAO+0.0576%1h317.31+0.053%$1.6M$6.9M5xas long as short
Phoenix TAO+0.0629%1h319.50+0.744%$318K$703K5xas long as short
Reya TAORUSDPERP+0.0698%1h317.35+0.067%$365—20xas long as short
Backpack TAO_USDC_PERP+0.0716%1h317.19+0.016%$292K$906K10xas long as short
01 Exchange TAOUSD+0.0736%1h317.23+0.028%$3K$4K5xas long as short
Hyperliquid TAO+0.0756%1h317.33+0.060%$93.8M$110.1M5xas long as short
RISEx TAO/USDC+0.0831%1h317.06−0.025%$447K$668K5xas long as short
Kraken Futures PF_TAOUSD+0.0835%1h317.37+0.072%$5.9M$21.7M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.03+0.596%$1.5M$6.9M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.94+1.829%$23K$2K12xas long as short