Funding you earn now, next payment 05:00 UTC+0.0579%/8h= +63.4% APRnext payment +$0.72 per $10,000 · paid last 24h −0.079%
Price spread now: Arcus against Kraken Futures−0.108%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 4 days (all we have)−0.202%−$20 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.108%, 7d avg +0.025%
=Funding pays, the price is against you. Arcus is 0.133% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.025%). If the spread goes back, that is −$13 on $10k: about 18 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 4 days funding on this pair cost −0.202%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.202% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 per $10,000. 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 | Kraken Futures PF_TAOUSD | 312.12 | −0.0348 | get 0.0043% / 1h | 44m 40s | $5.5M | $20.6M | 50x |
| Short | Arcus TAO-USD | 311.78 | 0.0231 | get 0.0029% / 1h | 44m 40s | $101K | $392K | 5x |
Kraken Futures PF_TAOUSD
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Kraken Futures. 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
- $121.6
- Price spread: −0.108% → +0.025%
- −$13.31
- Slippage, 4 orders
- −$34.64
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $59.16
- Costs to cover
- 0.491%
- Break-even
- 3.6 days
Slippage from Kraken Futures: live order book, 4 min ago; Arcus: live order book, 9 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 Kraken Futures live order book, 4 min ago | 7.05 bp | 13.0 bp −$13 | 23.2 bp −$232 | 85.0 bp −$8,500 | doesn't fit |
| Sell Arcus live order book, 9 min ago | 5.09 bp | 8.2 bp −$8 | 21.1 bp −$211 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDlong | −0.0348% | 1h | 312.12 | long leg | $5.5M | $20.6M | 50x | |
| dYdX TAO-USD | 0.0000% | 1h | 311.42 | −0.223% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.82 | −0.095% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.85 | −0.085% | $45K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 311.87 | −0.079% | $2K | $813K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.49 | −0.201% | $355K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.53 | −0.188% | $89.4M | $497.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.46 | −0.210% | $67.0M | $149.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.40 | −0.229% | $25.9M | $120.1M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +0.956% | $167K | $2K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 311.20 | −0.294% | $13.0M | $49.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.47 | −0.207% | $101.0M | $144.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.37 | −0.239% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.23 | −0.284% | $34.8M | $56.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.49 | −0.201% | — | $33.1M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.19 | +0.025% | $41K | $314K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.93 | −0.060% | $529K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.96 | −0.050% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.59 | −0.169% | $82K | $870K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.94 | −0.056% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.75 | −0.117% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.63 | −0.156% | $109K | $536K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.02 | −0.029% | $171K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0114% | 4h | 312.06 | −0.018% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0118% | 4h | 311.79 | −0.106% | $1.2M | $10.4M | 50x | as long as short |
| Phemex TAOUSDT | +0.0127% | 4h | 312.00 | −0.037% | $3.2M | $8.1M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0141% / S +0.0131% | 1h | 311.74 | −0.121% | $415K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 311.40 | −0.229% | $14K | $1K | 10x | as long as short |
| Extended TAO-USD | +0.0176% | 1h | 311.60 | −0.165% | $913K | $2.4M | 25x | as long as short |
| Hyperliquid TAO | +0.0217% | 1h | 311.70 | −0.133% | $91.5M | $107.2M | 5x | as long as short |
| Arcus TAO-USDshort | +0.0231% | 1h | 311.78 | −0.108% | $101K | $392K | 5x | |
| Nado TAO-PERP | +0.0255% | 1h | 311.77 | −0.110% | $790K | $2.2M | 10x | as long as short |
| Variational Omni TAO | +0.0324% | 4h | 312.10 | −0.005% | $5.5M | $10.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.24 | +0.040% | $4.5M | $10.8M | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0396% | 1h | 312.18 | +0.020% | $310K | $906K | 10x | as long as short |
| Lighter TAO | +0.0400% | 1h | 311.71 | −0.130% | $1.5M | $6.5M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 311.85 | −0.085% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.50 | +0.123% | $311K | $711K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0624% | 1h | 312.22 | +0.033% | $33K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 311.81 | −0.099% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 311.65 | −0.151% | $433K | $650K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.68 | +0.181% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.686% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
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
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Aster TAOUSDT
Phemex TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Extended TAO-USD
Hyperliquid TAO
Nado TAO-PERP
Variational Omni TAO
BloFin TAO-USDT
Backpack TAO_USDC_PERP
Lighter TAO
01 Exchange TAOUSD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP