TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0290%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.091%

Price spread now: Bullet against Kraken Futures+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bullet is 0.032% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	318.21	0.0683	pay 0.0085% / 1h	15m 46s	$6.2M	$19.7M	50x
Short	Bullet TAO-USD	318.31	0.0393	get 0.0049% / 1h	15m 46s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BulletbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$60.85
Price spread: +0.032% → 0.000%: $3.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$75.68
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Bullet: no order-book sample. Net counts fees only.

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, 1 min ago	4.56 bp	11.6 bp −$12	19.9 bp −$199	101.2 bp −$10.1K	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	317.91	−0.094%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.20	−0.003%	$51K	$633K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.96	−0.079%	$69.8M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.80	−0.129%	$26.9M	$129.4M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	318.16	−0.016%	$169K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.00	−0.066%	$15.7M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.11	−0.032%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.88	−0.104%	$36.0M	$56.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	318.37	+0.050%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.86	−0.110%	$81K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.64	−0.179%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.38	−0.261%	$117K	$556K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.12	−0.028%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0105%	8h	318.04	−0.054%	$897	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	317.92	−0.093%	$175K	$998	3x	as long as short
BingX TAO-USDT	+0.0132%	4h	318.20	−0.003%	—	$39.0M	—	as long as short
edgeX TAOUSDC	+0.0134%	4h	317.60	−0.193%	$42K	$325K	10x	as long as short
MEXC TAO_USDT	+0.0134%	4h	317.98	−0.072%	$111.0M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0135%	4h	317.88	−0.104%	$93.4M	$515.2M	75x	as long as short
Paradex TAO-USD-PERP	+0.0199%	8h	317.85	−0.113%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0240%	1h	318.16	−0.016%	$961K	$2.1M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0253%	4h	318.14	−0.022%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0258%	4h	318.00	−0.066%	$540K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	317.93	−0.089%	$371K	$448K	10x	as long as short
Aster TAOUSDT	+0.0313%	4h	317.94	−0.085%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.88	−0.105%	$374K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.28	+0.022%	$100K	$325K	5x	as long as short
BloFin TAO-USDT	+0.0374%	4h	317.96	−0.079%	$4.9M	$10.5M	100x	as long as short
Lighter TAO	+0.0376%	1h	318.00	−0.066%	$1.6M	$6.7M	5x	as long as short
Bullet TAO-USDshort	+0.0393%	1h	318.31	+0.032%	$12K	$17K	20x
Variational Omni TAO	+0.0421%	4h	318.09	−0.039%	$5.7M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0442%	1h	318.08	−0.040%	$708K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	318.20	−0.003%	$320K	$712K	5x	as long as short
dYdX TAO-USD	+0.0605%	1h	317.52	−0.217%	$268K	$235K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	318.34	+0.041%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0683%	1h	318.21	long leg	$6.2M	$19.7M	50x
Reya TAORUSDPERP	+0.0699%	1h	318.20	−0.003%	$366	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	317.94	−0.087%	$439K	$704K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0707%	1h	318.14	−0.021%	$14K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.0784%	1h	318.29	+0.025%	$96.0M	$108.3M	5x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	318.61	+0.126%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.09	−0.038%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	322.26	+1.273%	$23K	$2K	12x	as long as short