Funding you earn now, next payment 01:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h −0.055%
Price spread now: BloFin against Kraken Futures+0.195%57s7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.645% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 3 days (all we have)−0.235%−$24 · spread now +0.195%, 7d avg −0.032%
=The price spread pays, funding is against you. BloFin is 0.227% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.032%): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you. The two prices were read 57 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 | Kraken Futures PF_TAOUSD | 318.10 | 0.0482 | pay 0.0060% / 1h | 23m 50s | $5.7M | $20.3M | 50x |
| Short | BloFin TAO-USDT | 318.72 | 0.0340 | get 0.0170% / 4h | 3h 23m | $4.5M | $10.8M | 100x |
Kraken Futures PF_TAOUSD
BloFin TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$29.8
- Price spread: +0.195% → −0.032%
- $22.72
- Slippage, 4 orders
- −$42.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.6
- Costs to cover
- 0.645%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; BloFin: 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 | 6.59 bp | 13.9 bp −$14 | 38.0 bp −$380 | 122.2 bp −$12.2K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.46 bp | 11.7 bp −$12 | 18.7 bp −$187 | 40.6 bp −$4,059 | 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 | −0.1321% | 1h | 318.22 | +0.038% | $169K | $44K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.80 | −0.094% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.01 | −0.027% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.70 | −0.125% | $43K | $591K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.96 | −0.043% | $91.5M | $447.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.10 | +0.001% | $26.0M | $108.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.80 | −0.094% | $12.9M | $50.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.96 | −0.044% | $108.8M | $135.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.01 | −0.028% | $18.2M | $29.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.04 | −0.018% | $35.4M | $50.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.16 | −0.294% | $40K | $292K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.62 | −0.465% | $523K | $969K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 318.15 | +0.016% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.01 | −0.028% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.55 | +0.142% | $127K | $423K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.12 | +0.007% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.59 | +0.155% | $175K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0105% | 1h | 318.28 | +0.058% | $12K | $17K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 317.51 | −0.185% | $735 | $624K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0093% | 1h | 318.04 | −0.018% | $457K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 318.06 | −0.012% | $376K | $376K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0198% | 1h | 318.17 | +0.024% | $17K | $1.5M | 25x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.90 | −0.062% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0230% | 4h | 317.92 | −0.056% | $1.2M | $8.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 317.75 | −0.109% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0292% | 1h | 318.07 | −0.009% | $93K | $635K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0316% | 1h | 317.14 | −0.301% | $49K | $267K | 50x | as long as short |
| BloFin TAO-USDTshort | +0.0340% | 4h | 318.72 | +0.195% | $4.5M | $10.8M | 100x | |
| BingX TAO-USDT | +0.0398% | 4h | 318.04 | −0.018% | — | $30.7M | — | as long as short |
| Variational Omni TAO | +0.0460% | 4h | 318.45 | +0.111% | $5.5M | $8.7M | — | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0482% | 1h | 318.10 | long leg | $5.7M | $20.3M | 50x | |
| Bybit TAOUSDT | +0.0515% | 4h | 318.35 | +0.079% | $65.6M | $133.1M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 318.10 | +0.001% | $333K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 322.97 | +1.531% | $23K | $678 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0592% | 1h | 317.68 | −0.132% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 318.21 | +0.035% | $366 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0782% | 1h | 318.30 | +0.063% | $889K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0835% | 1h | 318.15 | +0.016% | $321K | $818K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.30 | +0.063% | $1.5M | $6.3M | 50x | as long as short |
| Extended TAO-USD | +0.1128% | 1h | 318.04 | −0.018% | $926K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 317.64 | −0.143% | $422K | $591K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 318.69 | +0.186% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2012% | 1h | 318.81 | +0.224% | $103.0M | $90.9M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
ApeX Omni TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO