TAO

Alert

Funding spread now, next payment 14:00 UTC+0.0369%/8h

paid, last 24h+0.150%paid, last 3 days+0.111%to open and closeno order book

Long on Katana Perps Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.111% in total (about 12.5% 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	Katana Perps TAO-USD	284.06	0.0100	pay 0.0100% / 8h	2h 27m	$769	$243K	5x
Short	Kraken Futures PF_TAOUSD	284.87	0.0469	get 0.0059% / 1h	27m 10s	$5.4M	$12.6M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Katana PerpsbpFee Kraken FuturesbpOrdersRate

Funding earned: $77.48
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $63.68
Break-even: 1.2 days

Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.286%
Avg gap 7d: +0.009%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Katana Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	10.90 bp	27.3 bp −$27	32.8 bp −$328	189.6 bp −$19.0K	doesn't fit

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 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	$8K	—	150x	as long as short
dYdX TAO-USD	+0.0045%	1h	$73K	$54K	5x	as long as short
Gate TAO_USDT	+0.0084%	4h	$11.2M	$43.4M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$37K	$441K	20x	as long as short
Pacifica TAO	+0.0100%	1h	$343K	$349K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$81.2M	$298.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$51.5M	$77.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.1M	$63.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$134K	$538K	5x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$104.9M	$89.9M	300x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	$16.7M	$17.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$32.1M	$33.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$27.5M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$290K	$266K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.4M	$4.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$282K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$45K	$264K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$74K	$1.2M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$51K	$145K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$2K	$1.5M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$116K	$298K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	$149K	$3K	10x	as long as short
Katana Perps TAO-USDlong	+0.0100%	8h	$769	$243K	5x
Paradex TAO-USD-PERP	+0.0103%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$745K	$1.0M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$157K	—	3x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0171%	1h	$17K	$863K	25x	as long as short
Lighter TAO	+0.0264%	1h	$1.3M	$1.6M	5x	as long as short
01 Exchange TAOUSD	+0.0312%	1h	$5K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$6.7M	100x	as long as short
Nado TAO-PERP	+0.0346%	1h	$1.1M	$1.1M	10x	as long as short
Phoenix TAO	+0.0417%	1h	$317K	$134K	5x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0469%	1h	$5.4M	$12.6M	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0472% / S −0.0193%	1h	$425K	—	100x	as long as short
Aster TAOUSDT	+0.0487%	4h	$2.1M	$3.8M	50x	as long as short
RISEx TAO/USDC	+0.0523%	1h	$314K	$386K	5x	as long as short
Reya TAORUSDPERP	+0.0691%	1h	$327	—	20x	as long as short
Hyperliquid TAO	+0.0757%	1h	$76.3M	$45.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	$1.5M	$4.2M	50x	as long as short
Injective TAO/USDC PERP	+0.1683%	1h	$21K	$163K	12x	as long as short