Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.2% APRpaid last 24h +0.001%
Price spread now: Katana Perps against Binance−0.517%55s7-day average +0.024% · 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)+0.145%+$14 on $10k
+Price spread, last 4 days (all we have)+0.627%+$63 · spread now −0.517%, 7d avg +0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.541% cheaper against Binance than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TAOUSDT | 313.57 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $89.8M | $501.2M | 75x |
| Short | Katana Perps TAO-USD | 311.95 | 0.0099 | get 0.0099% / 8h | 3h 17m | $639 | $842K | 5x |
Binance TAOUSDT
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Binance. 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
- −$0.3
- Price spread: −0.517% → +0.024%
- −$54.08
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$68.18
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago | 0.16 bp | 7.0 bp −$7 | 13.2 bp −$132 | 32.1 bp −$3,213 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0347% | 1h | 312.59 | −0.314% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.30 | −0.405% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 313.26 | −0.098% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.21 | −0.434% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USDshort | +0.0099% | 8h | 311.95 | −0.517% | $639 | $842K | 5x | |
| Pacifica TAO | +0.0100% | 1h | 312.39 | −0.378% | $356K | $416K | 10x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 313.57 | long leg | $89.8M | $501.2M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | −0.054% | $26.2M | $121.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.20 | −0.118% | $13.3M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.58 | +0.003% | $102.8M | $145.4M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Pacifica TAO
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.51 | −0.019% | $17.8M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.35 | −0.070% | $35.2M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.62 | +0.016% | — | $33.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.63 | −0.619% | $41K | $314K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.55 | −0.645% | $529K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.69 | −0.600% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.32 | −0.399% | $79K | $901K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.59 | −0.313% | $11K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.51 | −0.338% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.06 | −0.482% | $110K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.77 | −0.255% | $3.1M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.72 | −0.270% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0109% | 4h | 313.42 | −0.047% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 312.45 | −0.357% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0136% / S +0.0135% | 1h | 312.21 | −0.433% | $414K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0153% | 8h | 312.21 | −0.434% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0161% | 4h | 313.68 | +0.035% | $67.6M | $150.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.50 | −0.341% | $101K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0308% | 4h | 311.97 | −0.510% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 313.45 | −0.039% | $914K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0338% | 1h | 312.25 | −0.422% | $788K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.69 | −0.281% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.30 | −0.405% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0473% | 1h | 313.88 | +0.099% | $92.2M | $107.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 312.48 | −0.348% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0498% | 1h | 313.42 | −0.048% | $311K | $885K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0553% | 1h | 312.63 | −0.300% | $13K | $1.8M | 25x | as long as short |
| Lighter TAO | +0.0616% | 1h | 313.86 | +0.091% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.43 | −0.365% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.26 | −0.417% | $443K | $647K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.845% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.08 | −0.475% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +0.533% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Bybit TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP