Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.002%
Price spread now: Katana Perps against Popdex−0.056%7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.056%, 7d avg +0.023%
=Funding pays, the price is against you. Katana Perps is 0.079% cheaper against Popdex than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.023%). If the spread goes back, that is −$8 on $10k: about 20 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.154% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex TAOUSDT | 320.22 | 0.0096 | pay 0.0012% / 1h | 39m 48s | $41K | $696K | 20x |
| Short | Katana Perps TAO-USD | 320.04 | 0.0109 | get 0.0109% / 8h | 1h 39m | $726 | $1.0M | 5x |
Popdex TAOUSDT
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.79
- Price spread: −0.056% → +0.023%
- −$7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$15.3
- Costs to cover
- 0.102%
- Break-even
- 45.4 days
Slippage unknown: Popdex: live order book, 4 min ago; Katana Perps: 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 Popdex live order book, 4 min ago | 0.47 bp | 8.8 bp −$9 | 87.0 bp −$870 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 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 | −0.2019% | 1h | 319.65 | −0.178% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.66 | −0.175% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.54 | −0.214% | $20K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 320.22 | long leg | $41K | $696K | 20x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.30 | −0.287% | $26.5M | $129.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.20 | −0.319% | $14.2M | $51.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.34 | −0.275% | $17.8M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.05 | −0.365% | $35.8M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.81 | −0.128% | $45K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.00 | −0.069% | $79K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.33 | −0.278% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.46 | −0.237% | $118K | $588K | 20x | as long as short |
| Katana Perps TAO-USDshort | +0.0109% | 8h | 320.04 | −0.056% | $726 | $1.0M | 5x | |
| Phemex TAOUSDT | +0.0117% | 4h | 319.86 | −0.112% | $3.3M | $8.1M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 319.66 | −0.175% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.73 | −0.151% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0120% / S +0.0157% | 1h | 319.48 | −0.230% | $432K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0152% | 4h | 320.03 | −0.058% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0156% | 4h | 319.38 | −0.262% | $104.9M | $149.7M | 300x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 319.44 | −0.244% | $92.4M | $527.3M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0262% | 8h | 320.06 | −0.049% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0314% | 4h | 319.59 | −0.198% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0380% | 4h | 319.54 | −0.212% | $69.8M | $155.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0389% | 1h | 319.84 | −0.117% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 319.77 | −0.141% | $4.7M | $11.1M | 100x | as long as short |
| BingX TAO-USDT | +0.0398% | 4h | 319.42 | −0.250% | — | $34.5M | — | as long as short |
| GRVT TAO_USDT_Perp | +0.0408% | 4h | 319.70 | −0.163% | $544K | $940K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 319.31 | −0.285% | $917K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 320.13 | −0.028% | $365K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0535% | 4h | 319.70 | −0.163% | $5.6M | $10.2M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0540% | 1h | 319.62 | −0.187% | $14K | $1.9M | 25x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 320.30 | +0.025% | $319K | $709K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 320.41 | +0.059% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.45 | +0.072% | $103K | $394K | 5x | as long as short |
| Nado TAO-PERP | +0.0646% | 1h | 320.14 | −0.024% | $802K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0654% | 1h | 319.69 | −0.166% | $94.4M | $110.2M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0677% | 1h | 319.53 | −0.215% | $300K | $904K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.82 | −0.124% | $368 | — | 20x | as long as short |
| Lighter TAO | +0.0864% | 1h | 319.89 | −0.104% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.89 | +0.209% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 320.06 | −0.049% | $462K | $663K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1154% | 1h | 319.80 | −0.132% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.065% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Orderly PERP_TAO_USDC
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bybit TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Arcus TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP