Funding you earn now, next payment 06:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h −0.002%
Price spread now: Popdex against Katana Perps−0.064%7-day average −0.024% · 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)−0.155%−$16 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.064%, 7d avg −0.024%
=Funding pays, the price is against you. Popdex is 0.040% cheaper against Katana Perps than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.024%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 314.00 | 0.0103 | pay 0.0103% / 8h | 2h 30m | $643 | $915K | 5x |
| Short | Popdex TAOUSDT | 313.80 | 0.0160 | get 0.0020% / 1h | 30m 57s | $50K | $667K | 20x |
Katana Perps TAO-USD
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $12.03
- Price spread: −0.064% → −0.024%
- −$4.01
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$2.18
- Costs to cover
- 0.102%
- Break-even
- 8.3 days
Slippage unknown: Katana Perps: no order-book sample; Popdex: live order book, 18 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 Popdex live order book, 18 min ago | 0.96 bp | 9.0 bp −$9 | 74.9 bp −$749 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.73 | −0.087% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0042% | 1h | 313.65 | −0.111% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.25 | +0.080% | $90.2M | $507.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | +0.096% | $26.2M | $122.4M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 313.47 | −0.168% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.80 | −0.064% | $13.9M | $50.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.29 | +0.092% | $107.8M | $145.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.14 | +0.045% | $17.3M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.00 | 0.000% | $35.4M | $57.1M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.56 | −0.142% | $41K | $316K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
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 | 313.64 | −0.115% | $90K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.86 | −0.045% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.54 | −0.146% | $113K | $554K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0103% | 8h | 314.00 | long leg | $643 | $915K | 5x | |
| Aevo TAO-PERP | +0.0104% | 1h | 314.02 | +0.005% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0124% | 4h | 313.92 | −0.025% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0129% / S +0.0139% | 1h | 313.62 | −0.122% | $420K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0155% | 4h | 313.80 | −0.064% | $3.2M | $8.0M | 50x | as long as short |
| Popdex TAOUSDTshort | +0.0160% | 1h | 313.80 | −0.064% | $50K | $667K | 20x | |
| Aster TAOUSDT | +0.0199% | 4h | 313.82 | −0.058% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.98 | −0.005% | $357K | $419K | 10x | as long as short |
| Nado TAO-PERP | +0.0267% | 1h | 313.81 | −0.060% | $772K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0269% | 8h | 314.11 | +0.036% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0303% | 1h | 314.17 | +0.056% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0329% | 1h | 313.95 | −0.016% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0330% | 4h | 313.91 | −0.028% | $533K | $923K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.88 | −0.038% | $4.5M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0397% | 1h | 313.30 | −0.223% | $44K | $256K | 50x | as long as short |
| BingX TAO-USDT | +0.0438% | 4h | 314.10 | +0.032% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0449% | 4h | 314.04 | +0.012% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 314.22 | +0.070% | $898K | $2.4M | 25x | as long as short |
| Bybit TAOUSDT | +0.0474% | 4h | 314.37 | +0.118% | $68.3M | $152.4M | 50x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 314.44 | +0.140% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 314.60 | +0.191% | $313K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0599% | 1h | 313.97 | −0.008% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.83 | −0.053% | $361 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0760% | 1h | 314.61 | +0.194% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0807% | 1h | 314.38 | +0.121% | $91.9M | $108.9M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0822% | 1h | 314.19 | +0.061% | $310K | $889K | 10x | as long as short |
| Lighter TAO | +0.0840% | 1h | 314.35 | +0.113% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.69 | +0.220% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 314.23 | +0.073% | $455K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 317.66 | +1.166% | $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]
Phemex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
ApeX Omni TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Extended TAO-USD
Bybit TAOUSDT
Arcus TAO-USD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP