Funding you earn now, next payment 20:00 UTC−0.0259%/8hpaid last 24h +0.162%
Price spread now: Kraken Futures against Bybit−0.056%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.056%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.066% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.169% in total (about 8.8% 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 | Bybit TAOUSDT | 292.54 | 0.0100 | pay 0.0050% / 4h | 23m 22s | $51.3M | $87.9M | 50x |
| Short | Kraken Futures PF_TAOUSD | 292.38 | −0.0159 | pay 0.0020% / 1h | 23m 22s | $5.3M | $13.8M | 50x |
Bybit TAOUSDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$54.49
- Price spread: −0.056% → +0.010%
- −$6.65
- Slippage, 4 orders
- −$36.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$118.18
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 10 min ago; Kraken Futures: live order book, 5 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 Bybit live order book, 10 min ago | 0.17 bp | 10.6 bp −$11 | 19.1 bp −$191 | 45.7 bp −$4,572 | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 7.64 bp | 15.1 bp −$15 | 35.0 bp −$350 | 111.2 bp −$11.1K | 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 | −0.0948% | 1h | 288.22 | −1.477% | $190K | $44K | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | −0.0159% | 1h | 292.38 | −0.056% | $5.3M | $13.8M | 50x | |
| dYdX TAO-USD | 0.0000% | 1h | 292.40 | −0.048% | $75K | $35K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 292.14 | −0.135% | $28K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 292.20 | −0.116% | $33K | $476K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 292.40 | −0.047% | $1.7M | $4.9M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 292.39 | −0.053% | $339K | $373K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 292.29 | −0.084% | $79.4M | $333.7M | 75x | as long as short |
| Bybit TAOUSDTlong | +0.0100% | 4h | 292.54 | long leg | $51.3M | $87.9M | 50x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 292.40 | −0.048% | $23.3M | $71.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus TAO-USD | +0.0100% | 1h | 292.56 | +0.007% | $128K | $579K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 292.00 | −0.185% | $11.6M | $44.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 292.23 | −0.106% | $104.5M | $105.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 292.16 | −0.130% | $19.7M | $21.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 291.99 | −0.188% | $33.0M | $36.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 292.14 | −0.137% | — | $29.7M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 294.61 | +0.709% | $3.2M | $5.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 293.87 | +0.454% | $38K | $272K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 294.38 | +0.629% | $516K | $871K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 293.54 | +0.342% | $44K | $266K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 292.40 | −0.048% | $83K | $506K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 292.23 | −0.106% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 292.08 | −0.157% | $54K | $235K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 292.06 | −0.164% | $1K | $1.6M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 292.73 | +0.065% | $122K | $311K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 293.70 | +0.397% | $3.1M | $7.5M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 292.37 | −0.058% | $3K | $339K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 292.30 | −0.083% | $161K | $998 | 3x | as long as short |
| Paradex TAO-USD-PERP | +0.0105% | 8h | 292.24 | −0.103% | $14K | $376 | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0135% | 1h | 292.29 | −0.087% | $23K | $1.0M | 25x | as long as short |
| Extended TAO-USD | +0.0168% | 1h | 292.14 | −0.136% | $805K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0170% | 1h | 292.26 | −0.096% | $1.0M | $1.3M | 10x | as long as short |
| Phoenix TAO | +0.0336% | 1h | 294.20 | +0.567% | $312K | $158K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 293.65 | +0.379% | $4.0M | $7.2M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0432% | 1h | 292.46 | −0.027% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0440% | 1h | 292.60 | +0.019% | $1.3M | $2.4M | 5x | as long as short |
| RISEx TAO/USDC | +0.0478% | 1h | 292.31 | −0.077% | $336K | $451K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0480% / S −0.0195% | 1h | 292.17 | −0.125% | $440K | — | 100x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 292.13 | −0.141% | $336 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0872% | 1h | 295.09 | +0.872% | $1.5M | $4.2M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0884% | 1h | 294.13 | +0.544% | $408K | $497K | 10x | as long as short |
| Hyperliquid TAO | +0.1297% | 1h | 292.60 | +0.021% | $83.6M | $55.3M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.2947% | 1h | 291.06 | −0.506% | $21K | $39K | 12x | as long as short |
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Extended TAO-USD
Nado TAO-PERP
Phoenix TAO
BloFin TAO-USDT
01 Exchange TAOUSD
Lighter TAO
RISEx TAO/USDC
GMX TAO/USD [WBTC.b-USDC]
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP