Funding you earn now, next payment 07:00 UTC−0.0662%/8h= −72.5% APRpaid last 24h −0.085%
Price spread now: GRVT against Kraken Futures−0.330%75s7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.568% of the position
Funding, last 7 days−0.236%−$24 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.330%, 7d avg −0.055%
=Together, before fees−0.001%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GRVT is 0.276% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% 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 | 324.30 | 0.1138 | pay 0.0142% / 1h | 58m 05s | $6.1M | $21.6M | 50x |
| Short | GRVT TAO_USDT_Perp | 323.22 | 0.0476 | get 0.0238% / 4h | 1h 58m | $551K | $948K | 10x |
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$139.07
- Price spread: −0.330% → −0.055%
- −$27.57
- Slippage, 4 orders
- −$37.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$223.47
- Costs to cover
- 0.568%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; GRVT: live order book, 50 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 | 5.84 bp | 21.4 bp −$21 | 28.6 bp −$286 | 104.9 bp −$10.5K | doesn't fit |
| Sell GRVT live order book, 50 min ago | 1.43 bp | 9.3 bp −$9 | 21.2 bp −$212 | 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 | −0.679% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 324.72 | +0.131% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 324.14 | −0.049% | $21K | — | 150x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.90 | +0.186% | $26.9M | $130.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 324.20 | −0.030% | $14.3M | $51.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.93 | −0.113% | $17.7M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.75 | +0.140% | $36.6M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 324.84 | +0.168% | $76K | $991K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 324.18 | −0.036% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 324.58 | +0.088% | $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 | 323.89 | −0.125% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 324.96 | +0.205% | $1K | $966K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 324.29 | −0.003% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 324.45 | +0.048% | $54K | $292K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0124% / S +0.0144% | 1h | 324.20 | −0.029% | $434K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0148% | 4h | 323.78 | −0.159% | $43K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0150% | 4h | 324.67 | +0.115% | $104.8M | $148.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0154% | 4h | 324.52 | +0.068% | $94.5M | $520.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0278% | 8h | 324.97 | +0.208% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0312% | 4h | 324.19 | −0.033% | $1.3M | $10.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0335% | 1h | 324.69 | +0.121% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0339% | 1h | 323.97 | −0.100% | $19K | $1.9M | 25x | as long as short |
| Bybit TAOUSDT | +0.0383% | 4h | 324.45 | +0.048% | $71.0M | $155.0M | 50x | as long as short |
| BloFin TAO-USDT | +0.0391% | 4h | 324.98 | +0.211% | $4.7M | $11.2M | 100x | as long as short |
| Popdex TAOUSDT | +0.0400% | 1h | 325.13 | +0.257% | $42K | $687K | 20x | as long as short |
| BingX TAO-USDT | +0.0424% | 4h | 324.71 | +0.128% | — | $34.2M | — | as long as short |
| Nado TAO-PERP | +0.0448% | 1h | 324.99 | +0.215% | $823K | $2.2M | 10x | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0476% | 4h | 323.22 | −0.330% | $551K | $948K | 10x | |
| Extended TAO-USD | +0.0480% | 1h | 323.93 | −0.112% | $927K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0509% | 4h | 323.35 | −0.293% | $5.7M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0513% | 1h | 325.20 | +0.279% | $324K | $702K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0520% | 1h | 323.91 | −0.119% | $47K | $258K | 50x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 325.05 | +0.234% | $370K | $422K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 325.52 | +0.377% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 325.07 | +0.239% | $105K | $384K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 324.95 | +0.202% | $374 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0726% | 1h | 324.50 | +0.063% | $323K | $896K | 10x | as long as short |
| Hyperliquid TAO | +0.0802% | 1h | 324.63 | +0.103% | $96.1M | $109.9M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 325.16 | +0.266% | $1.5M | $6.9M | 50x | as long as short |
| Lighter TAO | +0.0992% | 1h | 324.43 | +0.041% | $1.6M | $6.4M | 5x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 325.06 | +0.235% | $466K | $651K | 5x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.1138% | 1h | 324.30 | long leg | $6.1M | $21.6M | 50x | |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.62 | −0.208% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
Bybit TAOUSDT
BloFin TAO-USDT
Popdex TAOUSDT
BingX TAO-USDT
Nado TAO-PERP
Extended TAO-USD
Variational Omni TAO
Phoenix TAO
ApeX Omni TAOUSDT
Pacifica TAO
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Injective TAO/USDC PERP