Funding you earn now, next payment 12:00 UTC−0.0692%/8h= −75.8% APRpaid last 24h −0.097%
Price spread now: edgeX against Kraken Futures−0.187%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.325%−$32 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.187%, 7d avg −0.071%
=Together, before fees−0.243%+ Points / potential airdropedgeX: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and edgeX is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.325% in total (about -16.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 314.54 | 0.0859 | pay 0.0107% / 1h | 43m 40s | $6.3M | $19.7M | 50x |
| Short | edgeX TAOUSDC | 313.95 | 0.0167 | get 0.0083% / 4h | 43m 40s | $42K | $326K | 10x |
Kraken Futures PF_TAOUSD
edgeX TAOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$145.36
- Price spread: −0.187% → −0.071%
- −$11.58
- Slippage, 4 orders
- −$27.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$202.98
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; edgeX: live order book, 63 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, 3 min ago | 3.35 bp | 13.8 bp −$14 | 23.2 bp −$232 | 95.1 bp −$9,510 | doesn't fit |
| Sell edgeX live order book, 63 min ago | 6.34 bp | 11.0 bp −$11 | 24.0 bp −$240 | doesn't fit | doesn't fit |
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 | 314.20 | −0.110% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.87 | +0.105% | $56K | $633K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | +0.082% | $26.9M | $126.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.60 | +0.019% | $16.2M | $46.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.88 | +0.108% | $17.3M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.61 | +0.022% | $35.6M | $54.1M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.25 | −0.092% | $68K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.27 | −0.086% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.98 | −0.178% | $114K | $550K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0102% | 8h | 314.67 | +0.041% | $1K | $1.3M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TAO-USD | +0.0104% | 1h | 314.78 | +0.077% | $927K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 314.65 | +0.035% | $173K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 314.74 | +0.063% | $112.3M | $147.4M | 300x | as long as short |
| edgeX TAOUSDCshort | +0.0167% | 4h | 313.95 | −0.187% | $42K | $326K | 10x | |
| Binance TAOUSDT | +0.0167% | 4h | 314.85 | +0.099% | $93.5M | $507.1M | 75x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 314.88 | +0.107% | $382K | $455K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0243% | 1h | 313.88 | −0.210% | $45K | $254K | 50x | as long as short |
| Bullet TAO-USD | +0.0262% | 1h | 314.58 | +0.013% | $12K | $16K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0275% | 4h | 314.54 | 0.000% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0276% | 4h | 314.56 | +0.006% | $535K | $759K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0289% | 8h | 314.87 | +0.106% | $14K | $769 | 10x | as long as short |
| dYdX TAO-USD | +0.0317% | 1h | 314.40 | −0.045% | $265K | $230K | 5x | as long as short |
| Aster TAOUSDT | +0.0360% | 4h | 314.86 | +0.100% | $1.2M | $11.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0373% / S −0.0114% | 1h | 314.21 | −0.104% | $378K | — | 100x | as long as short |
| Bybit TAOUSDT | +0.0377% | 4h | 315.04 | +0.159% | $69.9M | $154.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0388% | 4h | 314.79 | +0.079% | — | $37.8M | — | as long as short |
| Lighter TAO | +0.0400% | 1h | 314.88 | +0.109% | $1.6M | $6.7M | 5x | as long as short |
| BloFin TAO-USDT | +0.0407% | 4h | 314.25 | −0.092% | $4.9M | $10.5M | 100x | as long as short |
| Phemex TAOUSDT | +0.0421% | 4h | 314.58 | +0.013% | $3.2M | $8.2M | 50x | as long as short |
| Nado TAO-PERP | +0.0446% | 1h | 314.25 | −0.092% | $652K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0513% | 1h | 314.85 | +0.098% | $93.9M | $105.6M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0573% | 1h | 314.52 | −0.008% | $22K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0587% | 1h | 315.02 | +0.152% | $99K | $285K | 5x | as long as short |
| Variational Omni TAO | +0.0619% | 4h | 313.24 | −0.415% | $6.2M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0636% | 1h | 313.90 | −0.204% | $315K | $701K | 5x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 314.72 | +0.059% | $435K | $665K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0700% | 1h | 314.31 | −0.073% | $361 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 314.64 | +0.032% | $1.1M | $7.4M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0752% | 1h | 315.18 | +0.203% | $3K | $2K | 5x | as long as short |
| Bulk TAO-USD | +0.0798% | 1h | 312.16 | −0.757% | $165K | $662 | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0844% | 1h | 314.50 | −0.013% | $299K | $1.1M | 10x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0859% | 1h | 314.54 | long leg | $6.3M | $19.7M | 50x | |
| Injective TAO/USDC PERP | +0.4136% | 1h | 317.23 | +0.855% | $23K | $2K | 12x | as long as short |
Extended TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
dYdX TAO-USD
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Bybit TAOUSDT
BingX TAO-USDT
Lighter TAO
BloFin TAO-USDT
Phemex TAOUSDT
Nado TAO-PERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
RISEx TAO/USDC
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Bulk TAO-USD
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP