Funding you earn now, next payment 00:00 UTC−0.0349%/8h= −38.2% APRpaid last 24h −0.140%
Price spread now: Bitget against Kraken Futures−0.248%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.248%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.157% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.177% in total (about -9.2% 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 | Kraken Futures PF_TAOUSD | 313.17 | 0.0449 | pay 0.0056% / 1h | 44m 00s | $5.8M | $19.8M | 50x |
| Short | Bitget TAOUSDT | 312.39 | 0.0100 | get 0.0050% / 4h | 44m 00s | $34.9M | $46.3M | 50x |
Kraken Futures PF_TAOUSD
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$73.2
- Price spread: −0.248% → −0.091%
- −$15.65
- Slippage, 4 orders
- −$27.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$138.68
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bitget: 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 Kraken Futures live order book, 5 min ago | 7.97 bp | 14.7 bp −$15 | 28.7 bp −$287 | 93.5 bp −$9,350 | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.60 bp | 8.7 bp −$9 | 18.0 bp −$180 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.4722% | 1h | 314.01 | +0.270% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.82 | −0.111% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.65 | −0.166% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.391% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.94 | +0.247% | $40K | $550K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.41 | +0.077% | $371K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.91 | −0.082% | $88.5M | $424.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.97 | −0.063% | $61.3M | $123.7M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.80 | −0.117% | $25.1M | $100.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.50 | −0.213% | $12.7M | $49.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.56 | −0.193% | $119.5M | $127.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.18 | +0.004% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 312.39 | −0.248% | $34.9M | $46.3M | 50x | |
| BingX TAO-USDT | +0.0100% | 4h | 312.60 | −0.181% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.65 | +0.153% | $41K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.17 | +0.322% | $519K | $950K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.13 | −0.011% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.83 | −0.107% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.00 | −0.053% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.94 | −0.072% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.16 | −0.001% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.74 | +0.183% | $830 | $539K | 5x | as long as short |
| Bullet TAO-USD | +0.0154% | 1h | 313.11 | −0.018% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0157% | 1h | 314.03 | +0.276% | $77K | $521K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.79 | +0.199% | $83K | $626K | 5x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.102% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0189% | 8h | 313.40 | +0.073% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0205% | 4h | 313.22 | +0.017% | $1.1M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0212% | 1h | 314.14 | +0.311% | $47K | $270K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.23 | −0.299% | $4.3M | $9.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0353% | 1h | 313.11 | −0.017% | $19K | $1.4M | 25x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0449% | 1h | 313.17 | long leg | $5.8M | $19.8M | 50x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.76 | −0.130% | $449K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0519% | 1h | 313.34 | +0.056% | $834K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | −0.181% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0586% | 1h | 312.70 | −0.149% | $300K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.16 | −0.003% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 314.11 | +0.301% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0880% | 1h | 313.09 | −0.024% | $864K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.29 | +0.040% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.89 | +0.230% | $432K | $536K | 5x | as long as short |
| Lighter TAO | +0.1472% | 1h | 313.61 | +0.142% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2086% | 1h | 313.14 | −0.008% | $97.5M | $83.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Arcus TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
ApeX Omni TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO