Funding you earn now, next payment 07:00 UTC−0.1056%/8h= −115.6% APRpaid last 24h −0.081%
Price spread now: HTX against Kraken Futures−0.237%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1661.663% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.237%, 7d avg −0.155%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and HTX is 0.082% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.155%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.293% in total (about -15.3% 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 | 319.32 | 0.1156 | pay 0.0144% / 1h | 28m 19s | $5.9M | $21.8M | 50x |
| Short | HTX TAO-USDT | 318.56 | 0.0100 | get 0.0050% / 4h | 1h 28m | $119K | $590K | 20x |
Kraken Futures PF_TAOUSD
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$221.76
- Price spread: −0.237% → −0.155%
- −$8.18
- Slippage, 4 orders
- −$144.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$396.2
- Costs to cover
- 1.663%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; HTX: live order book, 15 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, 6 min ago | 6.40 bp | 12.1 bp −$12 | 24.7 bp −$247 | 108.9 bp −$10.9K | doesn't fit |
| Sell HTX live order book, 15 min ago | 11.74 bp | 51.9 bp −$52 | doesn't fit | 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 | −0.1995% | 1h | 319.47 | +0.048% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.058% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.23 | −0.028% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.13 | −0.058% | $42K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.20 | −0.036% | $26.6M | $129.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.00 | −0.099% | $14.2M | $52.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.04 | −0.086% | $17.8M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.91 | −0.127% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.324% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.06 | −0.080% | $91K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.71 | +0.123% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 318.56 | −0.237% | $119K | $590K | 20x | |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.00 | −0.099% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0149% | 1h | 319.56 | +0.076% | $427K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.41 | +0.031% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.26 | −0.017% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | +0.156% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 319.28 | −0.011% | $105.6M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 319.23 | −0.028% | $92.4M | $529.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 319.14 | −0.054% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0298% | 4h | 319.37 | +0.017% | $3.2M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 319.30 | −0.005% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0334% | 4h | 319.46 | +0.045% | $70.0M | $156.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0350% | 4h | 319.31 | −0.002% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0387% | 1h | 319.39 | +0.023% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | +0.081% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0410% | 4h | 319.36 | +0.014% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 319.27 | −0.014% | $911K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.31 | −0.003% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | +0.230% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0556% | 1h | 319.13 | −0.059% | $794K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.036% | $318K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0632% | 1h | 319.25 | −0.021% | $94.3M | $110.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.41 | +0.030% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.56 | +0.076% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | −0.022% | $367 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0703% | 1h | 319.21 | −0.034% | $15K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0707% | 1h | 319.12 | −0.061% | $297K | $905K | 10x | as long as short |
| Lighter TAO | +0.0728% | 1h | 319.49 | +0.055% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.68 | +0.427% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.04 | −0.086% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.1156% | 1h | 319.32 | long leg | $5.9M | $21.8M | 50x | |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +1.292% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP