Funding you earn now, next payment 03:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h +0.106%
Price spread now: Kraken Futures against Pacifica+0.142%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$500.505% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.142%, 7d avg +0.044%
=Together, before fees+0.168%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.097% dearer against Pacifica than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.044%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.190%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica TAO | 320.40 | 0.0448 | pay 0.0056% / 1h | 37m 11s | $378K | $396K | 10x |
| Short | Kraken Futures PF_TAOUSD | 320.86 | 0.0245 | get 0.0031% / 1h | 37m 11s | $5.7M | $20.5M | 50x |
Pacifica TAO
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$42.71
- Price spread: +0.142% → +0.044%
- $9.75
- Slippage, 4 orders
- −$32.45
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.42
- Costs to cover
- 0.505%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 26 min ago; Kraken Futures: live order book, 2 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 Pacifica live order book, 26 min ago | 3.77 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 10.16 bp | 15.2 bp −$15 | 37.9 bp −$379 | 153.7 bp −$15.4K | 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 | −0.3652% | 1h | 316.49 | −1.221% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.87 | −0.166% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.43 | +0.008% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.74 | +0.105% | $45K | $657K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 321.32 | +0.287% | $93.1M | $473.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 321.30 | +0.280% | $26.4M | $117.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.90 | +0.155% | $13.1M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 321.25 | +0.264% | $109.6M | $139.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.82 | +0.130% | $18.1M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 321.06 | +0.205% | $35.8M | $54.0M | 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
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 319.73 | −0.210% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.70 | +0.093% | $88K | $789K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 320.64 | +0.074% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.50 | +0.030% | $130K | $479K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 321.10 | +0.218% | $3.5M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 321.02 | +0.194% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0106% | 4h | 320.91 | +0.158% | $58K | $281K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 320.61 | +0.065% | $681 | $759K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 320.42 | +0.005% | $435K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0238% | 4h | 319.35 | −0.330% | $531K | $957K | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0245% | 1h | 320.86 | +0.142% | $5.7M | $20.5M | 50x | |
| Bullet TAO-USD | +0.0305% | 1h | 320.71 | +0.096% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0322% | 8h | 320.56 | +0.049% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0335% | 4h | 320.83 | +0.135% | $1.2M | $9.3M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 321.38 | +0.305% | $4.5M | $10.7M | 100x | as long as short |
| Pacifica TAOlong | +0.0448% | 1h | 320.40 | long leg | $378K | $396K | 10x | |
| Phoenix TAO | +0.0504% | 1h | 320.50 | +0.030% | $335K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 320.95 | +0.171% | $101K | $489K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0513% | 1h | 320.89 | +0.152% | $17K | $1.6M | 25x | as long as short |
| Nado TAO-PERP | +0.0545% | 1h | 320.89 | +0.153% | $778K | $2.1M | 10x | as long as short |
| BingX TAO-USDT | +0.0608% | 4h | 321.25 | +0.264% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0613% | 4h | 321.32 | +0.286% | $68.6M | $140.6M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0686% | 1h | 319.20 | −0.375% | $47K | $254K | 50x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 320.79 | +0.120% | $369 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 320.82 | +0.130% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | −0.058% | $5.9M | $9.7M | — | as long as short |
| Lighter TAO | +0.0888% | 1h | 321.24 | +0.263% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0912% | 1h | 320.74 | +0.104% | $939K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.1015% | 1h | 321.59 | +0.371% | $442K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 321.24 | +0.261% | $1.5M | $6.6M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 320.76 | +0.111% | $456K | $628K | 5x | as long as short |
| Hyperliquid TAO | +0.1378% | 1h | 321.49 | +0.339% | $101.0M | $98.6M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | +0.926% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Phoenix TAO
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BingX TAO-USDT
Bybit TAOUSDT
ApeX Omni TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
Lighter TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP