Funding you earn now, next payment 04:00 UTC−0.0308%/8h= −33.8% APRnext payment −$0.39 per $10,000 · paid last 24h +0.093%
Price spread now: Kraken Futures against Pacifica+0.095%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.095%, 7d avg +0.044%
=Together, before fees+0.185%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.051% dearer against Pacifica than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.044%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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 | Pacifica TAO | 315.17 | 0.0365 | pay 0.0046% / 1h | 38m 02s | $359K | $411K | 10x |
| Short | Kraken Futures PF_TAOUSD | 315.47 | 0.0056 | get 0.0007% / 1h | 38m 02s | $5.5M | $20.6M | 50x |
Pacifica TAO
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Pacifica. 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
- −$64.75
- Price spread: +0.095% → +0.044%
- $5.07
- Slippage, 4 orders
- −$36.12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.8
- Costs to cover
- 0.541%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 20 min ago; Kraken Futures: live order book, 1 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 Pacifica live order book, 20 min ago | 3.49 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.55 bp | 15.9 bp −$16 | 32.7 bp −$327 | 138.6 bp −$13.9K | 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 | −0.0482% | 1h | 315.13 | −0.013% | $167K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.04 | −0.040% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.54 | +0.119% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0056% | 1h | 315.47 | +0.095% | $5.5M | $20.6M | 50x | |
| Popdex TAOUSDT | +0.0096% | 1h | 315.85 | +0.216% | $42K | $688K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.74 | +0.181% | $91.0M | $491.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.70 | +0.168% | $26.0M | $119.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.50 | +0.105% | $13.0M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.71 | +0.171% | $106.2M | $142.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.68 | +0.162% | $17.5M | $31.7M | 75x | 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 TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 315.48 | +0.098% | $35.3M | $55.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.41 | +0.077% | $35K | $302K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.94 | −0.073% | $46K | $252K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.72 | +0.175% | $89K | $790K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.83 | +0.209% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.72 | +0.175% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.42 | +0.079% | $109K | $527K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.53 | +0.114% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0101% | 8h | 315.50 | +0.105% | $1K | $787K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0104% | 4h | 316.85 | +0.534% | $528K | $944K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.68 | +0.162% | $173K | $998 | 3x | as long as short |
| Bybit TAOUSDT | +0.0112% | 4h | 315.80 | +0.200% | $68.6M | $146.9M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 315.70 | +0.168% | $57K | $275K | 10x | as long as short |
| BingX TAO-USDT | +0.0146% | 4h | 315.67 | +0.159% | — | $30.0M | — | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0151% / S +0.0123% | 1h | 315.51 | +0.109% | $420K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0178% | 1h | 315.69 | +0.166% | $805K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0185% | 8h | 315.41 | +0.075% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0207% | 4h | 315.63 | +0.146% | $1.2M | $10.2M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0256% | 1h | 315.71 | +0.171% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0269% | 1h | 315.63 | +0.146% | $93.5M | $105.6M | 5x | as long as short |
| Extended TAO-USD | +0.0280% | 1h | 315.48 | +0.098% | $922K | $2.4M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0339% | 1h | 315.78 | +0.194% | $316K | $913K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.25 | +0.025% | $4.5M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.64 | +0.149% | $99K | $488K | 5x | as long as short |
| Pacifica TAOlong | +0.0365% | 1h | 315.17 | long leg | $359K | $411K | 10x | |
| Lighter TAO | +0.0376% | 1h | 315.81 | +0.202% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0395% | 1h | 315.90 | +0.232% | $11K | $1.6M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 317.30 | +0.676% | $316K | $697K | 5x | as long as short |
| Variational Omni TAO | +0.0615% | 4h | 315.95 | +0.246% | $5.8M | $9.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.85 | +0.214% | $363 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.55 | +0.121% | $437K | $659K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 318.13 | +0.939% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 319.61 | +1.409% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
Aevo TAO-PERP
Bybit TAOUSDT
Orderly PERP_TAO_USDC
BingX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Paradex TAO-USD-PERP
Aster TAOUSDT
01 Exchange TAOUSD
Hyperliquid TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
BloFin TAO-USDT
Arcus TAO-USD
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Variational Omni TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP