Funding you earn now, next payment 07:00 UTC−0.0650%/8h= −71.2% APRnext payment −$0.81 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Kraken Futures−0.053%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.053%, 7d avg −0.089%
=Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.036% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.053% now, against its 7-day average of −0.089%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.117% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.81 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 | 324.32 | 0.1138 | pay 0.0142% / 1h | 57m 13s | $6.1M | $21.6M | 50x |
| Short | Extended TAO-USD | 324.14 | 0.0488 | get 0.0061% / 1h | 57m 13s | $927K | $2.4M | 25x |
Kraken Futures PF_TAOUSD
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$136.53
- Price spread: −0.053% → −0.089%
- $3.56
- Slippage, 4 orders
- −$34.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$182.72
- Costs to cover
- 0.497%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 1 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, 2 min ago | 5.84 bp | 21.4 bp −$21 | 28.6 bp −$286 | 104.9 bp −$10.5K | doesn't fit |
| Sell Extended live order book, 1 min ago | 2.92 bp | 5.7 bp −$6 | 7.7 bp −$77 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1440% | 1h | 322.10 | −0.685% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 324.54 | +0.068% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 324.11 | −0.065% | $21K | — | 150x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.20 | −0.036% | $26.9M | $129.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 324.30 | −0.005% | $14.3M | $51.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.93 | −0.119% | $17.7M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.09 | −0.070% | $36.5M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 324.50 | +0.056% | $76K | $991K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 324.16 | −0.048% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.88 | −0.135% | $118K | $582K | 20x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 323.88 | −0.135% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 324.25 | −0.021% | $1K | $969K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 324.16 | −0.048% | $54K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 324.41 | +0.030% | $178K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0124% / S +0.0144% | 1h | 324.13 | −0.057% | $433K | — | 100x | as long as short |
| MEXC TAO_USDT | +0.0152% | 4h | 324.30 | −0.005% | $105.5M | $148.7M | 300x | as long as short |
| edgeX TAOUSDC | +0.0156% | 4h | 324.58 | +0.082% | $43K | $315K | 10x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 324.32 | +0.002% | $94.4M | $520.4M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0278% | 8h | 324.97 | +0.200% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0316% | 4h | 324.38 | +0.020% | $1.3M | $10.8M | 50x | as long as short |
| Bybit TAOUSDT | +0.0373% | 4h | 324.18 | −0.042% | $70.9M | $155.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0382% | 4h | 324.19 | −0.039% | — | $34.2M | — | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 324.59 | +0.084% | $4.7M | $11.3M | 100x | as long as short |
| Bullet TAO-USD | +0.0412% | 1h | 324.64 | +0.101% | $12K | $17K | 20x | as long as short |
| Popdex TAOUSDT | +0.0448% | 1h | 324.59 | +0.084% | $42K | $687K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0476% | 4h | 323.22 | −0.337% | $551K | $948K | 10x | as long as short |
| Extended TAO-USDshort | +0.0488% | 1h | 324.14 | −0.053% | $927K | $2.4M | 25x | |
| Variational Omni TAO | +0.0509% | 4h | 323.35 | −0.300% | $5.7M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0513% | 1h | 324.40 | +0.026% | $323K | $709K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0520% | 1h | 323.91 | −0.125% | $47K | $258K | 50x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 324.51 | +0.060% | $369K | $422K | 10x | as long as short |
| Nado TAO-PERP | +0.0531% | 1h | 324.24 | −0.023% | $821K | $2.2M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0590% | 1h | 324.22 | −0.030% | $18K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 324.47 | +0.047% | $105K | $384K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 324.48 | +0.051% | $373 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0700% | 1h | 324.27 | −0.014% | $323K | $897K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0720% | 1h | 324.84 | +0.161% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0785% | 1h | 324.66 | +0.106% | $96.1M | $109.9M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 325.23 | +0.282% | $1.5M | $6.9M | 50x | as long as short |
| Lighter TAO | +0.0992% | 1h | 324.53 | +0.066% | $1.6M | $6.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 324.41 | +0.027% | $465K | $651K | 5x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.1138% | 1h | 324.32 | long leg | $6.1M | $21.6M | 50x | |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.62 | −0.215% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
BloFin TAO-USDT
Bullet TAO-USD
Popdex TAOUSDT
GRVT TAO_USDT_Perp
Variational Omni TAO
Phoenix TAO
ApeX Omni TAOUSDT
Pacifica TAO
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Injective TAO/USDC PERP