Funding you earn now, next payment 05:00 UTC+0.0702%/8h= +76.9% APRnext payment +$0.88 per $10,000 · paid last 24h −0.023%
Price spread now: Nado against Kraken Futures−0.043%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 3 days (all we have)−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.043%, 7d avg −0.063%
=Together, before fees−0.246%+ Points / potential airdropNado: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.146%, 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 3 days it paid -0.146% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 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 | 310.85 | −0.0349 | get 0.0044% / 1h | 23m 13s | $5.5M | $20.6M | 50x |
| Short | Nado TAO-PERP | 310.71 | 0.0353 | get 0.0044% / 1h | 23m 13s | $783K | $2.2M | 10x |
Kraken Futures PF_TAOUSD
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $147.5
- Price spread: −0.043% → −0.063%
- $1.96
- Slippage, 4 orders
- −$30.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $102.37
- Costs to cover
- 0.471%
- Break-even
- 2.1 days
Slippage from Kraken Futures: live order book, 1 min ago; Nado: 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, 1 min ago | 8.04 bp | 16.0 bp −$16 | 23.9 bp −$239 | 84.9 bp −$8,492 | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.32 bp | 8.2 bp −$8 | 19.9 bp −$199 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDlong | −0.0349% | 1h | 310.85 | long leg | $5.5M | $20.6M | 50x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.72 | −0.041% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0013% | 1h | 310.54 | −0.097% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.86 | +0.004% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 310.60 | −0.079% | $2K | $843K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 310.97 | +0.040% | $354K | $414K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.01 | +0.052% | $89.1M | $500.7M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.11 | +0.085% | $67.0M | $150.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.00 | +0.049% | $25.9M | $120.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.60 | −0.079% | $13.2M | $50.1M | 50x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 310.84 | −0.002% | $101.9M | $145.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.79 | −0.018% | $17.7M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.61 | −0.076% | $34.8M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.92 | +0.024% | — | $33.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.00 | +0.051% | $41K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 310.69 | −0.049% | $528K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 310.75 | −0.031% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.70 | −0.047% | $79K | $900K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 310.98 | +0.042% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.77 | −0.025% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.34 | −0.163% | $109K | $541K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.97 | +0.040% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0106% | 4h | 310.75 | −0.031% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 310.86 | +0.004% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0137% / S +0.0135% | 1h | 310.71 | −0.042% | $412K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0141% | 8h | 310.89 | +0.015% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0206% | 4h | 310.93 | +0.027% | $3.2M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.12 | +0.088% | $101K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0294% | 4h | 311.14 | +0.094% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 310.89 | +0.014% | $904K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.10 | +0.082% | $4.5M | $10.7M | 100x | as long as short |
| Nado TAO-PERPshort | +0.0353% | 1h | 310.71 | −0.043% | $783K | $2.2M | 10x | |
| Phoenix TAO | +0.0457% | 1h | 311.10 | +0.082% | $310K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0461% | 1h | 311.06 | +0.069% | $91.4M | $107.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 311.02 | +0.056% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0490% | 1h | 310.59 | −0.083% | $309K | $885K | 10x | as long as short |
| Lighter TAO | +0.0576% | 1h | 311.21 | +0.116% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0646% | 1h | 311.01 | +0.051% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 310.85 | 0.000% | $357 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 310.88 | +0.011% | $442K | $655K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | +0.024% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.31 | +0.149% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +1.413% | $23K | $2K | 12x | as long as short |
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
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Phemex TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP