Funding you earn now, next payment 00:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.137%
Price spread now: Gate against Kraken Futures−0.031%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.031%, 7d avg −0.088%
=The price spread pays, funding is against you. Gate is 0.057% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.088%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.224% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 313.30 | 0.0448 | pay 0.0056% / 1h | 50m 01s | $5.8M | $19.8M | 50x |
| Short | Gate TAO_USDT | 313.20 | 0.0100 | get 0.0050% / 4h | 50m 01s | $12.5M | $48.7M | 50x |
Kraken Futures PF_TAOUSD
Gate TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$73.16
- Price spread: −0.031% → −0.088%
- $5.68
- Slippage, 4 orders
- −$42.28
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$134.77
- Costs to cover
- 0.673%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 8.81 bp | 15.5 bp −$16 | 27.6 bp −$276 | 105.4 bp −$10.5K | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.60 bp | 16.9 bp −$17 | 38.3 bp −$383 | 70.3 bp −$7,026 | 117.1 bp −$58.6K |
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 | −0.4722% | 1h | 314.01 | +0.228% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 314.17 | +0.278% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.54 | +0.078% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 308.73 | −1.458% | $22K | $259 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.20 | +0.288% | $40K | $550K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.62 | +0.422% | $372K | $370K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.60 | +0.097% | $88.8M | $421.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.82 | +0.167% | $61.3M | $123.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.70 | +0.128% | $25.2M | $99.9M | 50x | as long as short |
| Gate TAO_USDTshort | +0.0100% | 4h | 313.20 | −0.031% | $12.5M | $48.7M | 50x |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 313.68 | +0.122% | $120.8M | $126.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.62 | +0.103% | $19.1M | $27.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.50 | +0.064% | $35.1M | $46.2M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.56 | +0.084% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.17 | +0.277% | $41K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.25 | +0.305% | $520K | $950K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.22 | −0.344% | $47K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.45 | +0.049% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.60 | +0.096% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.01 | +0.227% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.04 | −0.082% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.58 | +0.092% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 314.42 | +0.358% | $962 | $536K | 5x | as long as short |
| Bullet TAO-USD | +0.0124% | 1h | 313.83 | +0.171% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0129% | 1h | 314.15 | +0.272% | $77K | $524K | 5x | as long as short |
| Variational Omni TAO | +0.0173% | 4h | 313.59 | +0.092% | $3.8M | $6.9M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0185% | 8h | 314.54 | +0.395% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 314.66 | +0.435% | $81K | $624K | 5x | as long as short |
| Aster TAOUSDT | +0.0206% | 4h | 313.32 | +0.007% | $1.1M | $7.8M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0291% | 1h | 313.46 | +0.053% | $19K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.65 | +0.112% | $4.3M | $9.7M | 100x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0448% | 1h | 313.30 | long leg | $5.8M | $19.8M | 50x | |
| Nado TAO-PERP | +0.0459% | 1h | 314.14 | +0.269% | $841K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 313.50 | +0.064% | $450K | — | 100x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.70 | −0.191% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0575% | 1h | 313.50 | +0.064% | $300K | $798K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 314.07 | +0.245% | $361 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 313.63 | +0.106% | $864K | $2.1M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0848% | 1h | 315.00 | +0.543% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 314.34 | +0.333% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 314.61 | +0.420% | $433K | $536K | 5x | as long as short |
| Lighter TAO | +0.1384% | 1h | 313.61 | +0.100% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2210% | 1h | 314.19 | +0.285% | $98.4M | $82.7M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Extended TAO-USD
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO