Funding you earn now, next payment 10:00 UTC−0.0550%/8h= −60.2% APRpaid last 24h −0.098%
Price spread now: edgeX against Kraken Futures−0.109%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.109%, 7d avg −0.070%
=Together, before fees−0.297%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and edgeX is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.306% in total (about -16.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 317.94 | 0.0683 | pay 0.0085% / 1h | 17m 14s | $6.2M | $19.7M | 50x |
| Short | edgeX TAOUSDC | 317.60 | 0.0134 | get 0.0067% / 4h | 2h 17m | $42K | $325K | 10x |
Kraken Futures PF_TAOUSD
edgeX TAOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$115.44
- Price spread: −0.109% → −0.070%
- −$3.84
- Slippage, 4 orders
- −$22.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$161.15
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; edgeX: live order book, 34 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, 5 min ago | 2.98 bp | 11.3 bp −$11 | 25.6 bp −$256 | 122.0 bp −$12.2K | doesn't fit |
| Sell edgeX live order book, 34 min ago | 6.28 bp | 10.8 bp −$11 | 25.3 bp −$253 | doesn't fit | doesn't fit |
TAO on 43 exchanges
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 −0.0003% | 1h | 317.40 | −0.169% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.97 | +0.009% | $51K | $633K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 317.90 | −0.013% | $69.7M | $155.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.90 | −0.013% | $26.9M | $129.5M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 318.16 | +0.068% | $169K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.40 | −0.171% | $15.6M | $49.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.71 | −0.073% | $17.6M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.64 | −0.095% | $36.0M | $56.8M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 318.37 | +0.134% | $45K | $256K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.57 | −0.117% | $81K | $1.1M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 317.47 | −0.149% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.37 | −0.180% | $117K | $557K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.88 | −0.020% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0105% | 8h | 317.52 | −0.133% | $2K | $1.3M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 317.69 | −0.079% | $174K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0132% | 4h | 317.90 | −0.013% | $110.9M | $151.9M | 300x | as long as short |
| BingX TAO-USDT | +0.0132% | 4h | 317.74 | −0.064% | — | $39.0M | — | as long as short |
| edgeX TAOUSDCshort | +0.0134% | 4h | 317.60 | −0.109% | $42K | $325K | 10x | |
| Binance TAOUSDT | +0.0134% | 4h | 317.90 | −0.012% | $93.4M | $515.6M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0188% | 8h | 317.73 | −0.068% | $14K | $876 | 10x | as long as short |
| Extended TAO-USD | +0.0232% | 1h | 317.79 | −0.048% | $961K | $2.1M | 25x | as long as short |
| Orderly PERP_TAO_USDC | +0.0252% | 4h | 317.74 | −0.064% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0258% | 4h | 318.00 | +0.019% | $540K | $814K | 10x | as long as short |
| Pacifica TAO | +0.0301% | 1h | 317.77 | −0.054% | $371K | $448K | 10x | as long as short |
| Aster TAOUSDT | +0.0307% | 4h | 317.79 | −0.049% | $1.2M | $11.3M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0361% / S −0.0107% | 1h | 317.19 | −0.238% | $373K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0364% | 1h | 318.05 | +0.034% | $100K | $325K | 5x | as long as short |
| Lighter TAO | +0.0368% | 1h | 317.92 | −0.007% | $1.6M | $6.7M | 5x | as long as short |
| BloFin TAO-USDT | +0.0374% | 4h | 317.96 | +0.005% | $4.9M | $10.5M | 100x | as long as short |
| Bullet TAO-USD | +0.0390% | 1h | 317.78 | −0.051% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0410% | 4h | 318.32 | +0.119% | $5.7M | $9.8M | — | as long as short |
| Nado TAO-PERP | +0.0449% | 1h | 317.79 | −0.049% | $707K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 318.20 | +0.081% | $320K | $712K | 5x | as long as short |
| dYdX TAO-USD | +0.0633% | 1h | 318.03 | +0.028% | $268K | $235K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0665% | 1h | 317.96 | +0.005% | $298K | $1.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0680% | 1h | 317.76 | −0.057% | $14K | $1.9M | 25x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0683% | 1h | 317.94 | long leg | $6.2M | $19.7M | 50x | |
| Reya TAORUSDPERP | +0.0699% | 1h | 317.81 | −0.042% | $365 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0701% | 1h | 317.71 | −0.074% | $439K | $704K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 318.20 | +0.081% | $3K | $2K | 5x | as long as short |
| Hyperliquid TAO | +0.0785% | 1h | 317.84 | −0.032% | $95.9M | $108.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0832% | 1h | 317.94 | −0.001% | $1.1M | $7.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3320% | 1h | 322.26 | +1.358% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
BingX TAO-USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Extended TAO-USD
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
Lighter TAO
BloFin TAO-USDT
Bullet TAO-USD
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
dYdX TAO-USD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
01 Exchange TAOUSD
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP