Funding you earn now, next payment 01:00 UTC+0.0384%/8h= +42.0% APRpaid last 24h +0.127%
Price spread now: Kraken Futures against KuCoin−0.171%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.171%, 7d avg +0.049%
=Funding pays, the price is against you. Kraken Futures is 0.220% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of +0.049%). If the spread goes back, that is −$22 on $10k: about 46 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.214% in total) that is about 7.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.1% 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 | KuCoin TAOUSDTM | 317.59 | 0.0100 | pay 0.0050% / 4h | 3h 04m | $17.9M | $29.3M | 75x |
| Short | Kraken Futures PF_TAOUSD | 317.05 | 0.0484 | get 0.0060% / 1h | 4m 13s | $5.7M | $20.3M | 50x |
KuCoin TAOUSDTM
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $80.54
- Price spread: −0.171% → +0.049%
- −$21.96
- Slippage, 4 orders
- −$36.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $0.54
- Costs to cover
- 0.580%
- Break-even
- 7.0 days
Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: 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 KuCoin live order book, 5 min ago | 1.74 bp | 11.0 bp −$11 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 6.17 bp | 13.2 bp −$13 | 35.6 bp −$356 | 129.5 bp −$12.9K | 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 | −0.1228% | 1h | 316.14 | −0.457% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.54 | −0.331% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 316.94 | −0.206% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.72 | +0.041% | $44K | $603K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.07 | −0.164% | $90.9M | $451.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.00 | −0.186% | $25.8M | $109.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.20 | −0.123% | $12.9M | $51.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.52 | −0.022% | $100.5M | $136.9M | 300x | as long as short |
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 317.59 | long leg | $17.9M | $29.3M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 316.99 | −0.189% | $35.3M | $51.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.06 | −0.168% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.81 | −0.560% | $523K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.24 | −0.110% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.27 | −0.101% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.38 | −0.066% | $127K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0103% | 4h | 317.37 | −0.069% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.49 | −0.032% | $174K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0105% | 1h | 317.35 | −0.075% | $12K | $17K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 317.74 | +0.047% | $1K | $644K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0154% | 1h | 316.14 | −0.457% | $48K | $267K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0102% | 1h | 316.91 | −0.214% | $450K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 317.17 | −0.133% | $375K | $376K | 10x | as long as short |
| Aster TAOUSDT | +0.0199% | 4h | 317.22 | −0.117% | $1.3M | $8.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.58 | −0.003% | $84K | $550K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 316.75 | −0.264% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 317.77 | +0.057% | $93K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0275% | 1h | 317.11 | −0.152% | $17K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.47 | −0.353% | $4.4M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0484% | 1h | 317.05 | −0.171% | $5.7M | $20.3M | 50x | |
| Phoenix TAO | +0.0525% | 1h | 317.00 | −0.186% | $332K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 317.57 | −0.006% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.46 | +0.904% | $23K | $2K | 12x | as long as short |
| Variational Omni TAO | +0.0571% | 4h | 316.78 | −0.256% | $5.5M | $8.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.52 | −0.021% | $365 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 317.17 | −0.132% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0742% | 4h | 317.12 | −0.148% | $65.3M | $133.6M | 50x | as long as short |
| Nado TAO-PERP | +0.0746% | 1h | 317.67 | +0.025% | $790K | $2.1M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0797% | 1h | 316.19 | −0.441% | $319K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.25 | −0.107% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1104% | 1h | 317.18 | −0.130% | $884K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 317.39 | −0.064% | $421K | $593K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 317.65 | +0.020% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1760% | 1h | 317.88 | +0.091% | $101.7M | $91.6M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO