Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h 0.000%
Price spread now: Bybit against Katana Perps+0.195%46s7-day average −0.002% · 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)−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.195%, 7d avg −0.002%
=The price spread pays, funding is against you. Bybit is 0.197% dearer against Katana Perps than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.002%): +$20 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 4 days (−0.143% in total) that is about 5.0 days. The two prices were read 46 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 | 302.95 | 0.0111 | pay 0.0111% / 8h | 1h 29m | $620 | $496K | 5x |
| Short | Bybit TAOUSDT | 303.54 | 0.0100 | get 0.0050% / 4h | 1h 29m | $58.7M | $121.1M | 50x |
Katana Perps TAO-USD
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$2.26
- Price spread: +0.195% → −0.002%
- $19.71
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2.65
- Costs to cover
- 0.148%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago | 0.17 bp | 10.3 bp −$10 | 20.1 bp −$201 | 47.8 bp −$4,777 | 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 | 302.58 | −0.121% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 302.95 | 0.000% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.04 | +0.030% | $45K | $537K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.42 | +0.155% | $1.1M | $7.7M | 50x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.52 | +0.188% | $84.9M | $413.7M | 75x | as long as short |
| Bybit TAOUSDTshort | +0.0100% | 4h | 303.54 | +0.195% | $58.7M | $121.1M | 50x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.50 | +0.182% | $24.4M | $95.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.29 | +0.112% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 303.38 | +0.141% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.20 | +0.083% | $12.1M | $48.8M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Binance 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 | 303.45 | +0.165% | $110.9M | $125.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.52 | +0.188% | $18.4M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.57 | +0.205% | $33.9M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.47 | +0.172% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.79 | +0.276% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.27 | +0.105% | $39K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 302.58 | −0.121% | $500K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 303.45 | +0.165% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.30 | +0.116% | $74K | $595K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.27 | +0.106% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.01 | +0.020% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 302.98 | +0.010% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.25 | +0.099% | $122K | $364K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.06 | +0.036% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.22 | +0.087% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USDlong | +0.0111% | 8h | 302.95 | long leg | $620 | $496K | 5x | |
| Paradex TAO-USD-PERP | +0.0154% | 8h | 303.02 | +0.024% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.01 | +0.020% | $358K | $371K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 302.95 | +0.001% | $433K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0276% | 1h | 303.05 | +0.034% | $21K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.24 | +0.096% | $4.2M | $9.3M | 100x | as long as short |
| Nado TAO-PERP | +0.0344% | 1h | 302.91 | −0.012% | $817K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0376% | 1h | 303.37 | +0.138% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0392% | 1h | 303.21 | +0.086% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0435% | 1h | 303.53 | +0.191% | $378K | $756K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 304.00 | +0.347% | $322K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.07 | +0.039% | $349 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 303.50 | +0.181% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 303.21 | +0.086% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1042% | 1h | 303.09 | +0.045% | $5.7M | $19.7M | 50x | as long as short |
| Hyperliquid TAO | +0.1058% | 1h | 303.88 | +0.307% | $92.2M | $80.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 303.28 | +0.110% | $410K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.908% | $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
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
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
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
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP