Funding you earn now, next payment 03:00 UTC+0.0917%/8h= +100.4% APRnext payment +$1.15 per $10,000 · paid last 24h +0.028%
Price spread now: RISEx against Kraken Futures−0.122%7-day average −0.038% · 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−$56as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 4 days (all we have)+0.235%+$23 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.122%, 7d avg −0.038%
=Funding pays, the price is against you. RISEx is 0.084% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of −0.038%). If the spread goes back, that is −$8 on $10k: about 7 hours of funding at the current rate (+$27 a day). At the pace of the last 4 days (+0.235% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.235% in total (about 24.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.15 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 | 324.20 | 0.0242 | pay 0.0030% / 1h | 24m 46s | $5.7M | $20.7M | 50x |
| Short | RISEx TAO/USDC | 323.81 | 0.1159 | get 0.0145% / 1h | 24m 46s | $466K | $648K | 5x |
Kraken Futures PF_TAOUSD
RISEx TAO/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $192.49
- Price spread: −0.122% → −0.038%
- −$8.38
- Slippage, 4 orders
- −$32.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $136.08
- Costs to cover
- 0.480%
- Break-even
- 2.1 days
Slippage from Kraken Futures: live order book, 4 min ago; RISEx: live order book, 39 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, 4 min ago | 10.66 bp | 16.2 bp −$16 | 25.0 bp −$250 | 88.9 bp −$8,891 | doesn't fit |
| Sell RISEx live order book, 39 min ago | 3.45 bp | 6.5 bp −$7 | doesn't fit | 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 | −0.5583% | 1h | 316.49 | −2.378% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 324.46 | +0.080% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.72 | −0.148% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 323.79 | −0.126% | $34K | $676K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 324.67 | +0.145% | $95.0M | $480.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.60 | +0.124% | $26.7M | $120.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 324.60 | +0.124% | $13.3M | $49.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 324.70 | +0.154% | $101.7M | $141.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 324.80 | +0.185% | $18.3M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.52 | +0.099% | $36.3M | $54.7M | 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 | 323.07 | −0.348% | $36K | $301K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.89 | −0.095% | $87K | $792K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.64 | −0.173% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 324.13 | −0.021% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 324.24 | +0.013% | $3.5M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 324.08 | −0.038% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0116% | 4h | 323.86 | −0.105% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0118% | 8h | 323.61 | −0.182% | $688 | $776K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0160% / S +0.0126% | 1h | 323.69 | −0.156% | $449K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0242% | 1h | 324.20 | long leg | $5.7M | $20.7M | 50x | |
| GRVT TAO_USDT_Perp | +0.0250% | 4h | 323.56 | −0.197% | $537K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0258% | 1h | 323.98 | −0.067% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0299% | 8h | 323.90 | −0.094% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 324.37 | +0.053% | $4.6M | $11.4M | 100x | as long as short |
| Aster TAOUSDT | +0.0370% | 4h | 324.73 | +0.164% | $1.2M | $9.6M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0418% | 1h | 323.93 | −0.083% | $20K | $1.6M | 25x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 324.76 | +0.174% | $384K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 323.20 | −0.308% | $338K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 324.11 | −0.028% | $101K | $487K | 5x | as long as short |
| Bybit TAOUSDT | +0.0529% | 4h | 324.75 | +0.170% | $71.1M | $143.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0558% | 4h | 324.68 | +0.148% | — | $30.3M | — | as long as short |
| Nado TAO-PERP | +0.0567% | 1h | 323.83 | −0.113% | $793K | $2.2M | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0642% | 1h | 323.21 | −0.305% | $47K | $253K | 50x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 323.92 | −0.085% | $373 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 324.10 | −0.031% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0824% | 1h | 324.77 | +0.175% | $947K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0845% | 4h | 323.61 | −0.181% | $6.0M | $9.8M | — | as long as short |
| Lighter TAO | +0.0896% | 1h | 325.08 | +0.273% | $1.6M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 324.56 | +0.111% | $1.5M | $6.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1061% | 1h | 324.92 | +0.222% | $447K | $860K | 10x | as long as short |
| RISEx TAO/USDCshort | +0.1159% | 1h | 323.81 | −0.122% | $466K | $648K | 5x | |
| Hyperliquid TAO | +0.1244% | 1h | 325.09 | +0.275% | $102.3M | $99.0M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 326.77 | +0.793% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Bybit TAOUSDT
BingX TAO-USDT
Nado TAO-PERP
ApeX Omni TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Variational Omni TAO
Lighter TAO
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP