Funding you earn now, next payment 06:00 UTC−0.0381%/8h= −41.7% APRpaid last 24h −0.014%
Price spread now: Katana Perps against Arcus−0.061%59s7-day average −0.054% · 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)+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.061%, 7d avg −0.054%
=The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.126%, so the current rate has only just turned against you. The two prices were read 59 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 4 days it paid 0.126% in total (about 12.7% 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 | Arcus TAO-USD | 313.39 | 0.0483 | pay 0.0060% / 1h | 26m 39s | $101K | $345K | 5x |
| Short | Katana Perps TAO-USD | 313.20 | 0.0103 | get 0.0103% / 8h | 2h 26m | $641 | $923K | 5x |
Arcus TAO-USD
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Arcus. 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
- −$79.94
- Price spread: −0.061% → −0.054%
- −$0.71
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$88.95
- Costs to cover
- 0.083%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 22 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 Arcus live order book, 22 min ago | 6.85 bp | 13.3 bp −$13 | 22.7 bp −$227 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.81 | −0.183% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0046% | 1h | 312.85 | −0.172% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.02 | −0.118% | $89.9M | $508.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.00 | −0.124% | $26.2M | $122.0M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 313.47 | +0.026% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.90 | −0.156% | $13.9M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.04 | −0.112% | $107.3M | $145.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.80 | −0.188% | $17.3M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.73 | −0.211% | $35.2M | $57.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.21 | +0.263% | $42K | $314K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.05 | −0.108% | $89K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.64 | −0.239% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.04 | −0.112% | $113K | $554K | 20x | as long as short |
| Katana Perps TAO-USDshort | +0.0103% | 8h | 313.20 | −0.061% | $641 | $923K | 5x | |
| Aevo TAO-PERP | +0.0104% | 1h | 313.10 | −0.094% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 312.94 | −0.144% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0129% / S +0.0140% | 1h | 312.72 | −0.214% | $419K | — | 100x | as long as short |
| Popdex TAOUSDT | +0.0136% | 1h | 313.28 | −0.035% | $51K | $668K | 20x | as long as short |
| Phemex TAOUSDT | +0.0180% | 4h | 312.91 | −0.153% | $3.1M | $8.0M | 50x | as long as short |
| Aster TAOUSDT | +0.0207% | 4h | 313.15 | −0.076% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.05 | −0.108% | $356K | $419K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0267% | 8h | 312.97 | −0.134% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0272% | 1h | 313.25 | −0.045% | $771K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0304% | 1h | 312.99 | −0.128% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0322% | 1h | 313.14 | −0.079% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.29 | −0.032% | $4.6M | $10.9M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0348% | 4h | 314.02 | +0.200% | $533K | $923K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0400% | 1h | 314.32 | +0.297% | $44K | $256K | 50x | as long as short |
| Bybit TAOUSDT | +0.0420% | 4h | 313.03 | −0.115% | $68.0M | $152.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0430% | 4h | 312.99 | −0.128% | — | $33.7M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0447% | 1h | 312.93 | −0.147% | $15K | $1.8M | 25x | as long as short |
| Variational Omni TAO | +0.0449% | 4h | 314.04 | +0.206% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 313.10 | −0.091% | $896K | $2.4M | 25x | as long as short |
| Arcus TAO-USDlong | +0.0483% | 1h | 313.39 | long leg | $101K | $345K | 5x | |
| Phoenix TAO | +0.0513% | 1h | 314.20 | +0.258% | $313K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.10 | −0.093% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0760% | 1h | 313.69 | +0.096% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0784% | 1h | 313.13 | −0.082% | $1.5M | $6.6M | 5x | as long as short |
| Hyperliquid TAO | +0.0800% | 1h | 313.17 | −0.070% | $91.5M | $109.0M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0812% | 1h | 313.26 | −0.041% | $311K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.27 | +0.281% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.15 | −0.077% | $454K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +1.943% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Popdex TAOUSDT
Phemex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Extended TAO-USD
Phoenix TAO
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP