Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%
Price spread now: Katana Perps against Pacifica−0.017%7-day average +0.018% · 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)+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.017%, 7d avg +0.018%
=Together, before fees+0.242%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Katana Perps is 0.035% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.018%). If the spread goes back, that is −$3 on $10k: about 9.5 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.142% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica TAO | 305.19 | 0.0100 | pay 0.0013% / 1h | 27m 28s | $361K | $401K | 10x |
| Short | Katana Perps TAO-USD | 305.14 | 0.0112 | get 0.0112% / 8h | 2h 27m | $3K | $434K | 5x |
Pacifica TAO
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Pacifica. 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
- $2.55
- Price spread: −0.017% → +0.018%
- −$3.46
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$12.71
- Costs to cover
- 0.118%
- Break-even
- 41.9 days
Slippage unknown: Pacifica: live order book, 61 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 Pacifica live order book, 61 min ago | 2.40 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 304.91 | −0.092% | $128K | $84K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 305.09 | −0.033% | $15K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 304.87 | −0.106% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.14 | −0.017% | $41K | $525K | 20x | as long as short |
| Pacifica TAOlong | +0.0100% | 1h | 305.19 | long leg | $361K | $401K | 10x | |
| Binance TAOUSDT | +0.0100% | 4h | 305.12 | −0.025% | $85.4M | $403.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 305.18 | −0.004% | $58.9M | $118.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.10 | −0.030% | $25.0M | $92.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 305.56 | +0.121% | $136K | $596K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | +0.615% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 304.90 | −0.096% | $12.1M | $48.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 304.99 | −0.066% | $112.8M | $123.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 304.99 | −0.066% | $18.4M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 304.92 | −0.089% | $34.2M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.03 | −0.053% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 307.53 | +0.766% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.34 | +0.703% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.77 | +0.844% | $539K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 307.19 | +0.655% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 305.21 | +0.006% | $86K | $668K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 305.00 | −0.063% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.07 | −0.040% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 304.89 | −0.099% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.97 | −0.073% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.93 | −0.086% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.17 | −0.007% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USDshort | +0.0112% | 8h | 305.14 | −0.017% | $3K | $434K | 5x | |
| Aster TAOUSDT | +0.0151% | 4h | 304.99 | −0.067% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0162% | 8h | 305.08 | −0.036% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 304.77 | −0.138% | $435K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.30 | +1.018% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0311% | 1h | 305.03 | −0.052% | $833K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.14 | +0.311% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 305.41 | +0.071% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 305.11 | −0.027% | $351 | — | 20x | as long as short |
| Extended TAO-USD | +0.0696% | 1h | 305.02 | −0.057% | $897K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0912% | 1h | 305.45 | +0.086% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 306.30 | +0.363% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1032% | 1h | 305.33 | +0.044% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.26 | +0.024% | $408K | $535K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1222% | 1h | 305.26 | +0.022% | $441K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1706% | 1h | 305.70 | +0.166% | $93.2M | $76.0M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | +0.252% | $22K | $171 | 12x | as long as short |
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
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP