Funding you earn now, next payment 05:00 UTC+0.0633%/8h= +69.3% APRnext payment +$0.79 per $10,000 · paid last 24h −0.023%
Price spread now: Nado against Kraken Futures−0.030%7-day average −0.063% · 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−$35as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 3 days (all we have)−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.030%, 7d avg −0.063%
=Together, before fees−0.259%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Nado is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 3 days funding on this pair cost −0.146%, 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 3 days it paid -0.146% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 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 | 311.35 | −0.0349 | get 0.0044% / 1h | 41m 16s | $5.5M | $20.7M | 50x |
| Short | Nado TAO-PERP | 311.25 | 0.0284 | get 0.0035% / 1h | 41m 16s | $790K | $2.2M | 10x |
Kraken Futures PF_TAOUSD
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $132.83
- Price spread: −0.030% → −0.063%
- $3.24
- Slippage, 4 orders
- −$21.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $97.69
- Costs to cover
- 0.384%
- Break-even
- 1.9 days
Slippage from Kraken Futures: live order book, 3 min ago; Nado: live order book, 3 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 | 5.78 bp | 11.1 bp −$11 | 20.9 bp −$209 | 94.0 bp −$9,404 | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.80 bp | 6.5 bp −$6 | 17.7 bp −$177 | 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 | −0.0349% | 1h | 311.35 | long leg | $5.5M | $20.7M | 50x | |
| dYdX TAO-USD | 0.0000% | 1h | 310.89 | −0.145% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.02 | −0.106% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.25 | −0.031% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 310.76 | −0.189% | $2K | $818K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.29 | −0.018% | $355K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.42 | +0.022% | $89.4M | $499.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.45 | +0.033% | $67.0M | $150.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.40 | +0.017% | $25.9M | $120.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.00 | −0.111% | $13.0M | $49.7M | 50x | 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
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 | 311.38 | +0.011% | $101.2M | $144.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.20 | −0.047% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.07 | −0.089% | $34.8M | $56.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.28 | −0.022% | — | $33.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.57 | +0.072% | $41K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.95 | +0.192% | $529K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.53 | +0.059% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.97 | −0.121% | $81K | $889K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.48 | +0.043% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.12 | −0.073% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.77 | −0.185% | $108K | $538K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.45 | +0.034% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0108% | 4h | 311.22 | −0.039% | $1.2M | $10.4M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0114% | 4h | 311.22 | −0.041% | $52K | $270K | 10x | as long as short |
| Bulk TAO-USD | +0.0125% | 1h | 311.89 | +0.175% | $166K | $333 | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0140% / S +0.0132% | 1h | 311.05 | −0.095% | $413K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0145% | 8h | 311.10 | −0.079% | $14K | $1K | 10x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 311.29 | −0.017% | $908K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.56 | +0.068% | $101K | $394K | 5x | as long as short |
| Hyperliquid TAO | +0.0261% | 1h | 311.37 | +0.006% | $91.3M | $107.3M | 5x | as long as short |
| Nado TAO-PERPshort | +0.0284% | 1h | 311.25 | −0.030% | $790K | $2.2M | 10x | |
| Variational Omni TAO | +0.0324% | 4h | 312.10 | +0.242% | $5.5M | $10.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.38 | +0.011% | $4.5M | $10.8M | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0411% | 1h | 311.14 | −0.066% | $309K | $906K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0432% | 1h | 311.37 | +0.007% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.50 | +0.370% | $311K | $711K | 5x | as long as short |
| Lighter TAO | +0.0472% | 1h | 311.62 | +0.086% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0630% | 1h | 311.34 | −0.001% | $20K | $1.8M | 25x | as long as short |
| Phemex TAOUSDT | +0.0696% | 4h | 311.11 | −0.076% | $3.2M | $8.0M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 311.34 | −0.004% | $358 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 311.26 | −0.026% | $438K | $659K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.87 | +0.168% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.938% | $23K | $2K | 12x | as long as short |
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
Aster TAOUSDT
Orderly PERP_TAO_USDC
Bulk TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Extended TAO-USD
Arcus TAO-USD
Hyperliquid TAO
Variational Omni TAO
BloFin TAO-USDT
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Phoenix TAO
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Phemex TAOUSDT
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP