Funding you earn now, next payment 09:00 UTC+0.0699%/8h= +76.5% APRnext payment +$0.87 per $10,000 · paid last 24h +0.097%
Price spread now: Kraken Futures against Popdex+0.099%7-day average +0.052% · 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−$48as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 4 days (all we have)+0.249%+$25 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.099%, 7d avg +0.052%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against Popdex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.052%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.249% in total (about 24.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 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 | Popdex TAOUSDT | 312.82 | 0.0096 | pay 0.0012% / 1h | 30m 15s | $49K | $701K | 20x |
| Short | Kraken Futures PF_TAOUSD | 313.13 | 0.0795 | get 0.0099% / 1h | 30m 15s | $6.0M | $21.3M | 50x |
Popdex TAOUSDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Popdex. 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
- $146.77
- Price spread: +0.099% → +0.052%
- $4.72
- Slippage, 4 orders
- −$36.81
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $98.28
- Costs to cover
- 0.532%
- Break-even
- 2.3 days
Slippage from Popdex: live order book, 4 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 Popdex live order book, 4 min ago | 1.59 bp | 9.3 bp −$9 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 8.57 bp | 18.4 bp −$18 | 25.5 bp −$255 | 91.6 bp −$9,156 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 312.74 | −0.024% | $19K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 312.82 | long leg | $49K | $701K | 20x | |
| Katana Perps TAO-USD | +0.0100% | 8h | 312.55 | −0.086% | $2K | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.00 | +0.058% | $26.1M | $128.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.50 | −0.102% | $14.9M | $49.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.71 | −0.035% | $17.5M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.80 | −0.006% | $35.2M | $57.2M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.26 | +0.460% | $45K | $257K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.50 | −0.102% | $86K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.84 | +0.006% | $2K | $1.9M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 312.56 | −0.083% | $114K | $588K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.89 | +0.022% | $3.1M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 313.07 | +0.079% | $172K | $998 | 3x | as long as short |
| Bulk TAO-USD | +0.0125% | 1h | 316.13 | +1.058% | $168K | $0 | 10x | as long as short |
| Binance TAOUSDT | +0.0128% | 4h | 313.13 | +0.100% | $91.2M | $526.5M | 75x | as long as short |
| MEXC TAO_USDT | +0.0134% | 4h | 313.17 | +0.112% | $104.8M | $152.3M | 300x | as long as short |
| edgeX TAOUSDC | +0.0143% | 4h | 314.66 | +0.587% | $42K | $322K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0144% | 4h | 315.40 | +0.825% | $540K | $876K | 10x | as long as short |
| Bybit TAOUSDT | +0.0185% | 4h | 313.22 | +0.128% | $68.4M | $155.3M | 50x | as long as short |
| dYdX TAO-USD | +0.0206% | 1h | 312.28 | −0.174% | $126K | $86K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0214% | 4h | 312.96 | +0.045% | $53K | $298K | 10x | as long as short |
| Bullet TAO-USD | +0.0229% | 1h | 312.92 | +0.031% | $12K | $17K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0233% | 8h | 312.79 | −0.009% | $14K | $876 | 10x | as long as short |
| Aster TAOUSDT | +0.0294% | 4h | 312.88 | +0.020% | $1.2M | $11.2M | 50x | as long as short |
| Extended TAO-USD | +0.0328% | 1h | 312.95 | +0.042% | $888K | $2.3M | 25x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 312.70 | −0.038% | $367K | $440K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0359% / S −0.0107% | 1h | 312.75 | −0.023% | $367K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0374% | 4h | 312.38 | −0.141% | $4.7M | $10.7M | 100x | as long as short |
| BingX TAO-USDT | +0.0386% | 4h | 313.08 | +0.083% | — | $38.5M | — | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 313.12 | +0.096% | $99K | $362K | 5x | as long as short |
| Hyperliquid TAO | +0.0478% | 1h | 312.91 | +0.029% | $91.8M | $109.2M | 5x | as long as short |
| Nado TAO-PERP | +0.0502% | 1h | 312.82 | +0.001% | $752K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 314.90 | +0.665% | $317K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0584% | 1h | 312.84 | +0.006% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0592% | 1h | 313.23 | +0.130% | $1.6M | $6.6M | 5x | as long as short |
| Variational Omni TAO | +0.0593% | 4h | 312.65 | −0.053% | $5.5M | $10.1M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0656% | 1h | 312.59 | −0.074% | $308K | $1.0M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 312.96 | +0.044% | $360 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0706% | 1h | 313.06 | +0.077% | $11K | $1.9M | 25x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0795% | 1h | 313.13 | +0.099% | $6.0M | $21.3M | 50x | |
| RISEx TAO/USDC | +0.0840% | 1h | 312.77 | −0.017% | $434K | $684K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 313.75 | +0.297% | $1.1M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 318.23 | +1.729% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bulk TAO-USD
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bybit TAOUSDT
dYdX TAO-USD
Orderly PERP_TAO_USDC
Bullet TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
Extended TAO-USD
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
BingX TAO-USDT
Arcus TAO-USD
Hyperliquid TAO
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Lighter TAO
Variational Omni TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP