Funding you earn now, next payment 22:00 UTC+0.0701%/8h= +76.7% APRnext payment +$0.88 per $10,000 · paid last 24h +0.103%
Price spread now: Kraken Futures against Nado+0.265%46s7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.556% of the position
Funding, last 3 days (all we have)+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.265%, 7d avg +0.058%
=Together, before fees+0.040%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.206% dearer against Nado than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 46 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 3 days it paid 0.141% in total (about 16.5% 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 | Nado TAO-PERP | 308.24 | 0.0319 | pay 0.0040% / 1h | 0m 31s | $847K | $1.9M | 10x |
| Short | Kraken Futures PF_TAOUSD | 309.06 | 0.1020 | get 0.0127% / 1h | 0m 31s | $6.4M | $19.1M | 50x |
Nado TAO-PERP
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Nado. 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
- $147.18
- Price spread: +0.265% → +0.058%
- $20.64
- Slippage, 4 orders
- −$38.62
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $112.2
- Costs to cover
- 0.556%
- Break-even
- 1.7 days
Slippage from Nado: live order book, 3 min ago; Kraken Futures: live order book, 4 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 Nado live order book, 3 min ago | 1.61 bp | 8.2 bp −$8 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 11.65 bp | 17.1 bp −$17 | 30.9 bp −$309 | 216.3 bp −$21.6K | 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 | −0.137% | $202K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 308.46 | +0.071% | $130K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 308.57 | +0.106% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 308.24 | −0.001% | $43K | $532K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 308.71 | +0.152% | $364K | $368K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.22 | −0.007% | $86.5M | $406.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.33 | +0.028% | $59.9M | $119.7M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.20 | −0.014% | $25.3M | $94.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.67 | +0.139% | $138K | $584K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.30 | +0.019% | $12.3M | $48.9M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 308.54 | +0.097% | $120.4M | $127.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.45 | +0.067% | $18.9M | $26.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.08 | −0.053% | $34.4M | $44.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.42 | +0.058% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.45 | +0.068% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.38 | +0.369% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.67 | +0.138% | $549K | $949K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 308.31 | +0.022% | $46K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.35 | +0.035% | $78K | $651K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.21 | −0.011% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.78 | +0.174% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.68 | +0.142% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.82 | +0.187% | $122K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.93 | +0.223% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.96 | +0.233% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 308.43 | +0.061% | $631 | $469K | 5x | as long as short |
| Aster TAOUSDT | +0.0160% | 4h | 308.40 | +0.050% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0161% | 8h | 308.53 | +0.095% | $14K | $1K | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 309.10 | +0.278% | $327K | $462K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0261% | 1h | 308.82 | +0.188% | $11K | $1.3M | 25x | as long as short |
| Nado TAO-PERPlong | +0.0319% | 1h | 308.24 | long leg | $847K | $1.9M | 10x | |
| BloFin TAO-USDT | +0.0340% | 4h | 308.79 | +0.178% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0486% / S −0.0184% | 1h | 308.56 | +0.102% | $453K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0552% | 1h | 308.55 | +0.100% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.17 | −0.023% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0824% | 1h | 308.41 | +0.054% | $898K | $2.0M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0881% | 1h | 308.89 | +0.210% | $384K | $754K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 309.87 | +0.528% | $1.5M | $5.5M | 50x | as long as short |
| Lighter TAO | +0.0968% | 1h | 308.97 | +0.237% | $1.7M | $4.9M | 5x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.1020% | 1h | 309.06 | +0.265% | $6.4M | $19.1M | 50x | |
| RISEx TAO/USDC | +0.1053% | 1h | 308.44 | +0.066% | $415K | $544K | 5x | as long as short |
| Hyperliquid TAO | +0.1880% | 1h | 308.86 | +0.200% | $96.7M | $77.8M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.158% | $22K | $271 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
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
Deribit TAO_USDC-PERPETUAL
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