Funding you earn now, next payment 06:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h +0.084%
Price spread now: Kraken Futures against Katana Perps−0.022%7-day average +0.025% · 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)+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.022%, 7d avg +0.025%
=Funding pays, the price is against you. Kraken Futures is 0.046% cheaper against Katana Perps than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.025%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.100% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 313.25 | 0.0100 | pay 0.0100% / 8h | 2h 49m | $641 | $878K | 5x |
| Short | Kraken Futures PF_TAOUSD | 313.18 | 0.0304 | get 0.0038% / 1h | 49m 14s | $5.5M | $20.7M | 50x |
Katana Perps TAO-USD
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $42.98
- Price spread: −0.022% → +0.025%
- −$4.63
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $24.55
- Costs to cover
- 0.138%
- Break-even
- 3.0 days
Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Katana Perps no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 5.77 bp | 14.0 bp −$14 | 22.6 bp −$226 | 122.8 bp −$12.3K | 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 | 312.98 | −0.085% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.05 | −0.064% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USDlong | +0.0100% | 8h | 313.25 | long leg | $641 | $878K | 5x | |
| Binance TAOUSDT | +0.0100% | 4h | 313.47 | +0.071% | $89.6M | $504.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | +0.048% | $26.2M | $121.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.10 | −0.048% | $13.6M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.30 | +0.016% | $104.6M | $144.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.41 | +0.051% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.11 | −0.045% | $35.2M | $56.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.14 | −0.355% | $41K | $314K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.27 | +0.006% | $81K | $908K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.15 | −0.032% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.82 | −0.137% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.37 | +0.040% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 313.21 | −0.013% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0132% / S +0.0137% | 1h | 313.01 | −0.076% | $419K | — | 100x | as long as short |
| Bulk TAO-USD | +0.0138% | 1h | 312.42 | −0.264% | $166K | $333 | 10x | as long as short |
| Aster TAOUSDT | +0.0153% | 4h | 313.05 | −0.064% | $1.3M | $10.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0224% | 8h | 313.48 | +0.074% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.48 | +0.072% | $357K | $419K | 10x | as long as short |
| Popdex TAOUSDT | +0.0248% | 1h | 313.58 | +0.105% | $49K | $662K | 20x | as long as short |
| Nado TAO-PERP | +0.0254% | 1h | 313.33 | +0.026% | $779K | $2.2M | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0255% | 1h | 312.72 | −0.169% | $46K | $255K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0260% | 4h | 313.21 | −0.011% | $532K | $942K | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0304% | 1h | 313.18 | −0.022% | $5.5M | $20.7M | 50x | |
| Bullet TAO-USD | +0.0330% | 1h | 313.46 | +0.067% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.62 | +0.118% | $4.5M | $10.8M | 100x | as long as short |
| BingX TAO-USDT | +0.0358% | 4h | 313.32 | +0.022% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 313.10 | −0.048% | $5.5M | $10.1M | — | as long as short |
| Phemex TAOUSDT | +0.0374% | 4h | 313.47 | +0.070% | $3.1M | $7.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0383% | 4h | 313.51 | +0.083% | $67.9M | $151.3M | 50x | as long as short |
| Extended TAO-USD | +0.0392% | 1h | 313.22 | −0.009% | $901K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0427% | 1h | 313.20 | −0.015% | $11K | $1.8M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 313.71 | +0.147% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | +0.016% | $312K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.40 | +0.047% | $360 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0713% | 1h | 313.59 | +0.108% | $91.7M | $108.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 313.94 | +0.220% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0806% | 1h | 313.51 | +0.083% | $311K | $885K | 10x | as long as short |
| Lighter TAO | +0.0920% | 1h | 313.57 | +0.101% | $1.5M | $6.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.20 | +0.303% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.51 | +0.083% | $450K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +0.900% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
Popdex TAOUSDT
Nado TAO-PERP
ApeX Omni TAOUSDT
GRVT TAO_USDT_Perp
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Variational Omni TAO
Phemex TAOUSDT
Bybit TAOUSDT
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Phoenix TAO
Reya TAORUSDPERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP