Funding you earn now, next payment 22:00 UTC−0.0925%/8h= −101.3% APRpaid last 24h −0.142%
Price spread now: OKX against Kraken Futures−0.029%55s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as 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−$640.644% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.029%, 7d avg −0.074%
=The price spread pays, funding is against you. OKX is 0.045% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.074%): +$5 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.217% in total) that is about 35 hours. The two prices were read 55 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 -0.217% in total (about -11.3% 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 | 307.59 | 0.1025 | pay 0.0128% / 1h | 59m 21s | $6.3M | $19.1M | 50x |
| Short | OKX TAO-USDT-SWAP | 307.50 | 0.0100 | get 0.0100% / 8h | 1h 59m | $24.8M | $94.8M | 50x |
Kraken Futures PF_TAOUSD
OKX TAO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$194.22
- Price spread: −0.029% → −0.074%
- $4.53
- Slippage, 4 orders
- −$44.43
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$254.12
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 11.65 bp | 22.5 bp −$23 | 40.4 bp −$404 | 323.3 bp −$32.3K | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.62 bp | 10.2 bp −$10 | 23.3 bp −$233 | 84.5 bp −$8,453 | 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 | −0.0306% | 1h | 307.82 | +0.075% | $202K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 306.64 | −0.309% | $129K | $84K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 307.39 | −0.064% | $11K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 307.36 | −0.074% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.34 | −0.081% | $42K | $532K | 20x | as long as short |
| Nado TAO-PERP | +0.0100% | 1h | 307.31 | −0.090% | $847K | $1.9M | 10x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.22 | −0.120% | $363K | $369K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.42 | −0.056% | $86.3M | $406.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.46 | −0.042% | $59.8M | $119.9M | 50x | as long as short |
| OKX TAO-USDT-SWAPshort | +0.0100% | 8h | 307.50 | −0.029% | $24.8M | $94.8M | 50x |
Bulk TAO-USD
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Nado TAO-PERP
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus TAO-USD | +0.0100% | 1h | 307.51 | −0.026% | $137K | $584K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 307.20 | −0.127% | $12.2M | $47.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.38 | −0.068% | $119.9M | $122.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.26 | −0.107% | $18.9M | $26.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.28 | −0.101% | $34.6M | $45.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 307.48 | −0.036% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.90 | +0.428% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 308.80 | +0.392% | $40K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.79 | +0.390% | $549K | $949K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 308.85 | +0.410% | $46K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.31 | −0.089% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.45 | −0.045% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.06 | +0.153% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.23 | −0.117% | $121K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 307.52 | −0.023% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.53 | −0.019% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 307.34 | −0.081% | $3K | $472K | 5x | as long as short |
| Aster TAOUSDT | +0.0153% | 4h | 307.30 | −0.093% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0160% | 8h | 307.15 | −0.143% | $14K | $1K | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 309.20 | +0.524% | $327K | $462K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0311% | 1h | 307.50 | −0.029% | $78K | $651K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 308.79 | +0.390% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0484% / S −0.0184% | 1h | 307.14 | −0.147% | $451K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0552% | 1h | 307.65 | +0.020% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.26 | −0.106% | $353 | — | 20x | as long as short |
| Extended TAO-USD | +0.0824% | 1h | 307.20 | −0.128% | $898K | $2.0M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0873% | 1h | 307.65 | +0.020% | $383K | $754K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 308.31 | +0.234% | $1.5M | $5.4M | 50x | as long as short |
| Lighter TAO | +0.0968% | 1h | 307.31 | −0.090% | $1.7M | $4.9M | 5x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.1025% | 1h | 307.59 | long leg | $6.3M | $19.1M | 50x | |
| RISEx TAO/USDC | +0.1155% | 1h | 307.45 | −0.044% | $414K | $544K | 5x | as long as short |
| Hyperliquid TAO | +0.1873% | 1h | 307.81 | +0.072% | $96.3M | $77.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.371% | $22K | $271 | 12x | as long as short |
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Phoenix TAO
Polymarket Perps TAO-USD
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP