Funding you earn now, next payment 05:00 UTC+0.0446%/8h= +48.8% APRpaid last 24h −0.091%
Price spread now: Katana Perps against Kraken Futures−0.141%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.141%, 7d avg −0.025%
=Funding pays, the price is against you. Katana Perps is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.025%). If the spread goes back, that is −$12 on $10k: about 21 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 4 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.104% in total (about -9.9% 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 | 312.38 | −0.0348 | get 0.0043% / 1h | 47m 28s | $5.5M | $20.6M | 50x |
| Short | Katana Perps TAO-USD | 311.94 | 0.0098 | get 0.0098% / 8h | 3h 47m | $639 | $812K | 5x |
Kraken Futures PF_TAOUSD
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $93.62
- Price spread: −0.141% → −0.025%
- −$11.56
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $68.26
- Costs to cover
- 0.138%
- Break-even
- 1.9 days
Slippage unknown: Kraken Futures: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.
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 | 7.05 bp | 13.0 bp −$13 | 23.2 bp −$232 | 85.0 bp −$8,500 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDlong | −0.0348% | 1h | 312.38 | long leg | $5.5M | $20.6M | 50x | |
| dYdX TAO-USD | 0.0000% | 1h | 312.20 | −0.058% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.12 | −0.083% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.16 | −0.071% | $45K | $655K | 20x | as long as short |
| Katana Perps TAO-USDshort | +0.0098% | 8h | 311.94 | −0.141% | $639 | $812K | 5x | |
| Pacifica TAO | +0.0100% | 1h | 312.35 | −0.010% | $356K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.09 | −0.092% | $89.6M | $497.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.20 | −0.058% | $67.3M | $149.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.20 | −0.058% | $25.9M | $120.2M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +0.871% | $167K | $2K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 311.90 | −0.154% | $13.0M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.19 | −0.061% | $101.1M | $144.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.01 | −0.119% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.02 | −0.115% | $34.9M | $56.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.09 | −0.093% | — | $33.0M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.96 | −0.136% | $41K | $313K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.93 | −0.145% | $529K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.00 | −0.122% | $46K | $253K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.00 | −0.122% | $82K | $870K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.26 | −0.039% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.70 | −0.218% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.20 | −0.378% | $108K | $536K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.33 | −0.016% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.97 | −0.132% | $171K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0118% | 4h | 311.79 | −0.189% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0122% | 4h | 312.27 | −0.036% | $1.2M | $10.4M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0141% | 8h | 312.16 | −0.070% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0142% / S +0.0130% | 1h | 311.65 | −0.235% | $416K | — | 100x | as long as short |
| Hyperliquid TAO | +0.0150% | 1h | 312.32 | −0.019% | $91.6M | $107.0M | 5x | as long as short |
| Extended TAO-USD | +0.0184% | 1h | 312.01 | −0.118% | $913K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.42 | +0.013% | $101K | $391K | 5x | as long as short |
| Nado TAO-PERP | +0.0247% | 1h | 312.33 | −0.017% | $785K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.09 | −0.093% | $4.5M | $10.8M | 100x | as long as short |
| Variational Omni TAO | +0.0346% | 4h | 312.61 | +0.074% | $5.6M | $10.0M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0377% | 1h | 311.91 | −0.150% | $21K | $1.7M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0390% | 1h | 312.58 | +0.064% | $310K | $912K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 312.25 | −0.042% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0432% | 1h | 312.64 | +0.084% | $1.5M | $6.4M | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.50 | +0.038% | $311K | $711K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.22 | −0.053% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.15 | −0.072% | $432K | $650K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.33 | −0.016% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.601% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Hyperliquid TAO
Extended TAO-USD
Arcus TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Lighter TAO
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP