Funding you earn now, next payment 05:00 UTC+0.0362%/8h= +39.7% APRnext payment +$0.45 per $10,000 · paid last 24h −0.083%
Price spread now: dYdX against Kraken Futures−0.097%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.097%, 7d avg −0.090%
=The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.139%, 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 -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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 | 310.85 | −0.0349 | get 0.0044% / 1h | 22m 46s | $5.5M | $20.6M | 50x |
| Short | dYdX TAO-USD | 310.54 | 0.0013 | get 0.0002% / 1h | 22m 46s | $124K | $85K | 5x |
Kraken Futures PF_TAOUSD
dYdX TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $76.06
- Price spread: −0.097% → −0.090%
- −$0.76
- Slippage, 4 orders
- −$90.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$35.05
- Costs to cover
- 1.104%
- Break-even
- 10.2 days
Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 31 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, 1 min ago | 8.04 bp | 16.0 bp −$16 | 23.9 bp −$239 | 84.9 bp −$8,492 | doesn't fit |
| Sell dYdX live order book, 31 min ago | 31.65 bp | 36.7 bp −$37 | 43.0 bp −$430 | 149.9 bp −$15.0K | 558.3 bp −$279.1K |
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 | −0.0349% | 1h | 310.85 | long leg | $5.5M | $20.6M | 50x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.72 | −0.041% | $20K | — | 150x | as long as short |
| dYdX TAO-USDshort | +0.0013% | 1h | 310.54 | −0.097% | $124K | $85K | 5x | |
| Popdex TAOUSDT | +0.0096% | 1h | 310.86 | +0.004% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 310.60 | −0.079% | $2K | $843K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 310.76 | −0.028% | $354K | $414K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 310.67 | −0.055% | $89.0M | $500.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 310.77 | −0.025% | $66.9M | $150.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.60 | −0.079% | $25.9M | $120.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.60 | −0.079% | $13.2M | $50.2M | 50x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 310.60 | −0.079% | $101.9M | $145.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.72 | −0.041% | $17.7M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.31 | −0.173% | $34.8M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.82 | −0.009% | — | $33.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.00 | +0.051% | $41K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 310.69 | −0.049% | $528K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 310.75 | −0.031% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.70 | −0.047% | $79K | $900K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 310.98 | +0.042% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.77 | −0.025% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.34 | −0.163% | $109K | $541K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.97 | +0.040% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0104% | 4h | 310.80 | −0.014% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 310.86 | +0.004% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0137% / S +0.0135% | 1h | 310.71 | −0.042% | $412K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 310.57 | −0.088% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0206% | 4h | 310.93 | +0.027% | $3.2M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.12 | +0.088% | $101K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0294% | 4h | 311.14 | +0.094% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 310.69 | −0.050% | $904K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.10 | +0.082% | $4.5M | $10.7M | 100x | as long as short |
| Nado TAO-PERP | +0.0353% | 1h | 310.71 | −0.043% | $783K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0456% | 1h | 310.80 | −0.015% | $91.3M | $107.7M | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 311.10 | +0.082% | $310K | $711K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 311.02 | +0.056% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0493% | 1h | 310.94 | +0.030% | $309K | $885K | 10x | as long as short |
| Lighter TAO | +0.0576% | 1h | 310.94 | +0.029% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0646% | 1h | 311.01 | +0.051% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 310.85 | 0.000% | $357 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 310.88 | +0.011% | $442K | $655K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | +0.024% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.31 | +0.149% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +1.413% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Phemex TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Hyperliquid TAO
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP