Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −0.030%
Price spread now: BloFin against Kraken Futures−0.040%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Long on Kraken FuturesShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.175%+$18 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.040%, 7d avg −0.031%
Together, before fees+0.172%+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TAOUSD315.280.0056pay 0.0007% / 1h18m 59s$5.5M$20.7M50x
ShortBloFin TAO-USDT315.150.0340get 0.0170% / 4h18m 59s$4.6M$10.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$59.57
Price spread: −0.040% → −0.031%
−$0.92
Slippage, 4 orders
−$30.66
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$5.99
Costs to cover
0.527%
Break-even
6.3 days
Slippage from Kraken Futures: live order book, 5 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 5 min ago6.82 bp15.0 bp −$1525.5 bp −$25593.1 bp −$9,315doesn't fit
Sell BloFin live order book, 5 min ago2.54 bp12.8 bp −$1316.6 bp −$16635.8 bp −$3,578doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h314.84−0.139%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.03−0.077%$20K—150xas long as short
Kraken Futures PF_TAOUSDlong+0.0056%1h315.28long leg$5.5M$20.7M50x
Popdex TAOUSDT+0.0096%1h315.28+0.001%$43K$669K20xas long as short
Katana Perps TAO-USD+0.0098%8h315.14−0.043%$645$799K5xas long as short
Binance TAOUSDT+0.0100%4h315.12−0.049%$91.0M$494.6M75xas long as short
Bybit TAOUSDT+0.0100%4h315.20−0.024%$68.0M$148.6M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.20−0.024%$26.0M$120.6M50xas long as short
Gate TAO_USDT+0.0100%4h315.00−0.087%$12.9M$50.1M50xas long as short
MEXC TAO_USDT+0.0100%4h315.17−0.033%$110.6M$144.0M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h315.02−0.081%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.92−0.113%$35.2M$56.5M50xas long as short
BingX TAO-USDT+0.0100%4h315.12−0.049%—$32.9M—as long as short
edgeX TAOUSDC+0.0100%4h315.64+0.116%$42K$312K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h315.78+0.160%$522K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.97−0.097%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.07−0.065%$77K$859K5xas long as short
Bullet TAO-USD+0.0100%1h315.30+0.008%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h315.18−0.030%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.91−0.116%$110K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h315.23−0.014%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.36+0.027%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0131%4h315.18−0.030%$57K$265K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0146% / S +0.0126%1h315.09−0.058%$420K—100xas long as short
Paradex TAO-USD-PERP+0.0160%8h315.11−0.053%$14K$1K10xas long as short
Aster TAOUSDT+0.0192%4h315.17−0.033%$1.2M$10.3M50xas long as short
Extended TAO-USD+0.0200%1h315.12−0.048%$922K$2.4M25xas long as short
Nado TAO-PERP+0.0200%1h315.27−0.001%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0262%1h315.48+0.065%$92.8M$106.4M5xas long as short
01 Exchange TAOUSD+0.0312%1h315.47+0.062%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0312%1h315.28+0.002%$26K$1.7M25xas long as short
Lighter TAO+0.0328%1h315.62+0.109%$1.5M$6.5M5xas long as short
BloFin TAO-USDTshort+0.0340%4h315.15−0.040%$4.6M$10.9M100x
Arcus TAO-USD+0.0345%1h315.47+0.062%$99K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0347%1h315.25−0.008%$316K$913K10xas long as short
Pacifica TAO+0.0365%1h315.01−0.083%$359K$412K10xas long as short
Variational Omni TAO+0.0497%4h315.29+0.004%$5.7M$9.9M—as long as short
Phoenix TAO+0.0581%1h315.50+0.071%$314K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h315.13−0.047%$362—20xas long as short
Bulk TAO-USD+0.0933%1h314.34−0.297%$167K$2K10xas long as short
RISEx TAO/USDC+0.0991%1h315.28+0.002%$435K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.17+0.284%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.134%$23K$2K12xas long as short