Funding you earn now, next payment 03:00 UTC−0.5699%/8h= −624.1% APRpaid last 24h −0.323%
Price spread now: Bulk against Katana Perps−2.070%7-day average −0.129% · 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)−0.509%−$51 on $10k
+Price spread, last 4 days (all we have)+1.862%+$186 · spread now −2.070%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$171 a day on $10k at the current rate, and Bulk is 1.941% cheaper against Katana Perps than usual: you would sell low and buy high (−$194 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.509% in total (about -52.8% 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 | Katana Perps TAO-USD | 323.18 | 0.0117 | pay 0.0117% / 8h | 5h 33m | $1K | $765K | 5x |
| Short | Bulk TAO-USD | 316.49 | −0.5583 | pay 0.0698% / 1h | 33m 44s | $168K | $1K | 10x |
Katana Perps TAO-USD
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$1,196.83
- Price spread: −2.070% → −0.129%
- −$194.14
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$1,401.77
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Bulk: live order book, 30 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 Bulk live order book, 30 min ago | 0.16 bp | 3.9 bp −$4 | 4.2 bp −$42 | 4.3 bp −$429 | 10.2 bp −$5,110 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDshort | −0.5583% | 1h | 316.49 | −2.070% | $168K | $1K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 323.76 | +0.179% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 324.11 | +0.287% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 323.70 | +0.161% | $35K | $671K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 324.32 | +0.353% | $94.5M | $476.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.10 | +0.285% | $26.7M | $119.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.80 | +0.192% | $13.3M | $49.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 324.19 | +0.313% | $110.5M | $140.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.93 | +0.232% | $17.9M | $31.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.09 | +0.282% | $36.2M | $54.3M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 320.56 | −0.809% | $36K | $301K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 324.04 | +0.266% | $88K | $789K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.98 | +0.248% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.78 | +0.186% | $131K | $481K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 324.25 | +0.331% | $3.5M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 324.67 | +0.460% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0110% | 4h | 324.12 | +0.291% | $59K | $281K | 10x | as long as short |
| Katana Perps TAO-USDlong | +0.0117% | 8h | 323.18 | long leg | $1K | $765K | 5x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0162% / S +0.0106% | 1h | 323.94 | +0.236% | $440K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0242% | 1h | 324.17 | +0.305% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0248% | 4h | 320.95 | −0.691% | $534K | $963K | 10x | as long as short |
| Bullet TAO-USD | +0.0312% | 1h | 324.31 | +0.350% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0320% | 8h | 324.16 | +0.305% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 323.97 | +0.244% | $4.6M | $10.9M | 100x | as long as short |
| Aster TAOUSDT | +0.0371% | 4h | 324.50 | +0.407% | $1.2M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 324.38 | +0.372% | $383K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 320.50 | −0.829% | $335K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 323.32 | +0.043% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0531% | 1h | 324.00 | +0.253% | $793K | $2.2M | 10x | as long as short |
| Bybit TAOUSDT | +0.0607% | 4h | 324.34 | +0.359% | $71.4M | $142.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0608% | 4h | 324.14 | +0.297% | — | $30.4M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0669% | 1h | 324.14 | +0.298% | $33K | $1.6M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 324.18 | +0.309% | $373 | — | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0733% | 1h | 320.61 | −0.795% | $47K | $253K | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 323.87 | +0.214% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0866% | 4h | 320.39 | −0.863% | $5.9M | $9.7M | — | as long as short |
| Lighter TAO | +0.0896% | 1h | 324.62 | +0.444% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0904% | 1h | 324.01 | +0.256% | $949K | $2.3M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 325.38 | +0.681% | $1.5M | $6.7M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1063% | 1h | 324.63 | +0.449% | $446K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 323.26 | +0.025% | $458K | $628K | 5x | as long as short |
| Hyperliquid TAO | +0.1319% | 1h | 324.62 | +0.446% | $102.0M | $98.8M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | +0.059% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
BingX TAO-USDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
ApeX Omni TAOUSDT
01 Exchange TAOUSD
Variational Omni TAO
Lighter TAO
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP