Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.003%
Price spread now: Bitget against Katana Perps−0.263%59s7-day average −0.059% · 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)−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.263%, 7d avg −0.059%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.204% cheaper against Katana Perps than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.059%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 307.70 | 0.0112 | pay 0.0112% / 8h | 2h 24m | $1K | $437K | 5x |
| Short | Bitget TAOUSDT | 306.89 | 0.0100 | get 0.0050% / 4h | 2h 24m | $34.4M | $44.4M | 50x |
Katana Perps TAO-USD
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$2.52
- Price spread: −0.263% → −0.059%
- −$20.43
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$38.75
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 1.64 bp | 11.7 bp −$12 | 19.9 bp −$199 | 42.7 bp −$4,272 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 306.93 | −0.250% | $129K | $84K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 306.77 | −0.303% | $15K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 306.97 | −0.238% | $23K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.52 | −0.058% | $42K | $523K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.21 | −0.159% | $363K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.00 | −0.229% | $85.8M | $403.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.04 | −0.214% | $59.3M | $118.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.10 | −0.195% | $25.3M | $93.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.51 | −0.062% | $137K | $598K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | −0.205% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 307.10 | −0.195% | $12.2M | $48.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.01 | −0.224% | $114.1M | $123.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.01 | −0.224% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 306.89 | −0.263% | $34.4M | $44.4M | 50x | |
| BingX TAO-USDT | +0.0100% | 4h | 307.12 | −0.188% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.90 | −0.585% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.13 | −0.836% | $39K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.16 | −0.827% | $535K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.90 | −0.910% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.67 | −0.010% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.23 | −0.153% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.81 | −0.289% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.57 | −0.367% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.25 | −0.146% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 306.76 | −0.305% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.43 | −0.087% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USDlong | +0.0112% | 8h | 307.70 | long leg | $1K | $437K | 5x | |
| Aster TAOUSDT | +0.0162% | 4h | 307.07 | −0.206% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0165% | 8h | 307.10 | −0.194% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.98 | −0.235% | $439K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 305.60 | −0.682% | $324K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0290% | 1h | 307.32 | −0.123% | $840K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.84 | −0.279% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 307.93 | +0.075% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.23 | −0.153% | $353 | — | 20x | as long as short |
| Extended TAO-USD | +0.0704% | 1h | 307.21 | −0.159% | $902K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0920% | 1h | 307.46 | −0.079% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 308.04 | +0.110% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1026% | 1h | 307.10 | −0.196% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.67 | −0.011% | $411K | $535K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1157% | 1h | 307.02 | −0.221% | $443K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1732% | 1h | 307.91 | +0.068% | $94.2M | $75.7M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −0.565% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP