Funding you earn now, next payment 05:00 UTC+0.0448%/8h= +49.1% APRnext payment +$0.56 per $10,000 · paid last 24h −0.088%
Price spread now: ApeX Omni against Kraken Futures+0.745%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs+$22as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)−0.781%−$78 · spread now +0.745%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and ApeX Omni is 0.780% dearer against Kraken Futures than usual: you sell high and buy low: +$78 more if the spread goes back to its 7-day average of −0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 per $10,000. 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 | Kraken Futures PF_TAOUSD | 311.93 | −0.0348 | get 0.0044% / 1h | 48m 32s | $5.5M | $20.6M | 50x |
| Short | ApeX Omni TAOUSDT | 314.25 | 0.0100 | get 0.0013% / 1h | 48m 32s | $46K | $255K | 50x |
Kraken Futures PF_TAOUSD
ApeX Omni TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- $94.08
- Price spread: +0.745% → −0.036%
- $78.04
- Slippage, 4 orders
- −$36.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $115.93
- Costs to cover
- 0.562%
- Break-even
- from the start
Slippage from Kraken Futures: live order book, 6 min ago; ApeX Omni: live order book, 3 min ago.
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 Kraken Futures live order book, 6 min ago | 6.53 bp | 15.3 bp −$15 | 26.9 bp −$269 | 100.8 bp −$10.1K | doesn't fit |
| Sell ApeX Omni live order book, 3 min ago | 5.43 bp | 13.3 bp −$13 | 140.9 bp −$1,409 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDlong | −0.0348% | 1h | 311.93 | long leg | $5.5M | $20.6M | 50x | |
| dYdX TAO-USD | 0.0000% | 1h | 312.04 | +0.036% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.65 | −0.089% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.31 | +0.123% | $45K | $655K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 312.08 | +0.049% | $2K | $811K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.41 | +0.155% | $356K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.35 | +0.136% | $89.7M | $497.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.38 | +0.145% | $67.4M | $149.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | +0.120% | $25.9M | $120.2M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +1.017% | $167K | $2K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 312.20 | +0.088% | $13.0M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.50 | +0.184% | $101.1M | $144.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.15 | +0.071% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.01 | +0.027% | $34.9M | $56.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.34 | +0.132% | — | $33.0M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.18 | +0.721% | $42K | $312K | 10x | as long as short |
| ApeX Omni TAOUSDTshort | +0.0100% | 1h | 314.25 | +0.745% | $46K | $255K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.13 | +0.065% | $81K | $867K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.90 | −0.009% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.73 | −0.063% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.43 | −0.159% | $108K | $536K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.92 | −0.001% | $171K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0112% | 4h | 314.50 | +0.826% | $533K | $955K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 311.78 | −0.047% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0122% | 4h | 312.17 | +0.077% | $1.2M | $10.4M | 50x | as long as short |
| Hyperliquid TAO | +0.0134% | 1h | 312.44 | +0.164% | $91.6M | $106.8M | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 312.53 | +0.192% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0142% / S +0.0130% | 1h | 311.57 | −0.113% | $415K | — | 100x | as long as short |
| Extended TAO-USD | +0.0184% | 1h | 312.41 | +0.155% | $913K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.60 | +0.216% | $101K | $391K | 5x | as long as short |
| Nado TAO-PERP | +0.0245% | 1h | 312.42 | +0.156% | $786K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.09 | +0.052% | $4.5M | $10.8M | 100x | as long as short |
| Variational Omni TAO | +0.0346% | 4h | 312.61 | +0.219% | $5.6M | $10.0M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0361% | 1h | 311.88 | −0.014% | $21K | $1.7M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0382% | 1h | 312.06 | +0.043% | $310K | $914K | 10x | as long as short |
| Lighter TAO | +0.0408% | 1h | 312.57 | +0.207% | $1.5M | $6.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0408% | 1h | 312.30 | +0.120% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 313.90 | +0.633% | $312K | $711K | 5x | as long as short |
| Phemex TAOUSDT | +0.0596% | 4h | 311.78 | −0.047% | $3.2M | $8.1M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.24 | +0.101% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.33 | +0.131% | $433K | $650K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.39 | +0.148% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.748% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Aster TAOUSDT
Hyperliquid TAO
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Arcus TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Lighter TAO
01 Exchange TAOUSD
Phoenix TAO
Phemex TAOUSDT
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP