Funding you earn now, next payment 07:00 UTC−0.0968%/8h= −106.0% APRpaid last 24h −0.178%
Price spread now: Katana Perps against RISEx−0.005%7-day average +0.004% · 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)−0.341%−$34 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.005%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.341% in total (about -33.9% 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 | RISEx TAO/USDC | 320.34 | 0.1077 | pay 0.0135% / 1h | 48m 16s | $461K | $665K | 5x |
| Short | Katana Perps TAO-USD | 320.32 | 0.0109 | get 0.0109% / 8h | 1h 48m | $2K | $992K | 5x |
RISEx TAO/USDC
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against RISEx. 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
- −$203.25
- Price spread: −0.005% → +0.004%
- −$0.9
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$213.95
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 60 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 RISEx live order book, 60 min ago | 1.75 bp | 4.8 bp −$5 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.2101% | 1h | 320.87 | +0.166% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.04 | −0.092% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.32 | −0.004% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.37 | +0.010% | $40K | $694K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.60 | +0.082% | $26.6M | $129.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.50 | +0.051% | $14.2M | $51.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.76 | +0.132% | $17.6M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.43 | +0.029% | $36.1M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.78 | +0.138% | $45K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.47 | +0.042% | $76K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 320.38 | +0.013% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.91 | −0.133% | $117K | $585K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.74 | +0.126% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USDshort | +0.0109% | 8h | 320.32 | −0.005% | $2K | $992K | 5x | |
| Aevo TAO-PERP | +0.0120% | 1h | 320.81 | +0.149% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 320.68 | +0.107% | $53K | $293K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0122% / S +0.0155% | 1h | 320.26 | −0.024% | $433K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0148% | 4h | 320.94 | +0.189% | $42K | $316K | 10x | as long as short |
| MEXC TAO_USDT | +0.0152% | 4h | 320.75 | +0.129% | $105.2M | $149.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0153% | 4h | 320.72 | +0.118% | $92.9M | $526.0M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 320.51 | +0.055% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0309% | 4h | 320.74 | +0.126% | $1.3M | $10.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0366% | 4h | 320.63 | +0.091% | — | $34.3M | — | as long as short |
| Bullet TAO-USD | +0.0369% | 1h | 320.74 | +0.126% | $12K | $17K | 20x | as long as short |
| Bybit TAOUSDT | +0.0385% | 4h | 320.70 | +0.113% | $70.0M | $155.6M | 50x | as long as short |
| BloFin TAO-USDT | +0.0393% | 4h | 320.43 | +0.029% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0424% | 4h | 322.11 | +0.553% | $548K | $948K | 10x | as long as short |
| Extended TAO-USD | +0.0480% | 1h | 320.60 | +0.082% | $914K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 320.60 | +0.082% | $365K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0536% | 4h | 321.98 | +0.512% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.70 | +0.425% | $320K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0589% | 1h | 320.63 | +0.092% | $14K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0613% | 1h | 320.56 | +0.070% | $318K | $899K | 10x | as long as short |
| Nado TAO-PERP | +0.0636% | 1h | 320.86 | +0.162% | $802K | $2.2M | 10x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.73 | +0.123% | $103K | $394K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 320.61 | +0.085% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0672% | 1h | 320.85 | +0.160% | $94.9M | $109.9M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 320.59 | +0.079% | $369 | — | 20x | as long as short |
| Lighter TAO | +0.0872% | 1h | 321.01 | +0.210% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.95 | +0.816% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDClong | +0.1077% | 1h | 320.34 | long leg | $461K | $665K | 5x | |
| Kraken Futures PF_TAOUSD | +0.1151% | 1h | 320.82 | +0.151% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.470% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
Bybit TAOUSDT
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Nado TAO-PERP
Arcus TAO-USD
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP