Funding you earn now, next payment 05:00 UTC−0.1045%/8h= −114.4% APRnext payment −$1.31 per $10,000 · paid last 24h −0.086%
Price spread now: Kraken Futures against Reya+0.066%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Kraken Futures is 0.066% dearer against Reya than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya TAORUSDPERP | 312.07 | 0.0697 | pay 0.0087% / 1h | 5m 30s | $359 | — | 20x |
| Short | Kraken Futures PF_TAOUSD | 312.28 | −0.0348 | pay 0.0043% / 1h | 5m 30s | $5.5M | $20.7M | 50x |
Reya TAORUSDPERP
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Reya. 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
- −$219.39
- Price spread: +0.066% → 0.000%
- $6.63
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$228.75
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 7.38 bp | 16.5 bp −$16 | 27.5 bp −$275 | 117.1 bp −$11.7K | doesn't fit |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDshort | −0.0348% | 1h | 312.28 | +0.066% | $5.5M | $20.7M | 50x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.84 | −0.075% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0014% | 1h | 312.07 | +0.001% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.14 | +0.022% | $48K | $661K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 311.88 | −0.062% | $638 | $858K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.24 | +0.054% | $355K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.06 | −0.004% | $89.1M | $502.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.00 | −0.023% | $26.0M | $120.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.90 | −0.055% | $13.4M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.10 | +0.009% | $103.3M | $145.8M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.09 | +0.006% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.76 | −0.100% | $35.0M | $56.6M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.184% | $41K | $313K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.18 | +0.036% | $530K | $942K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.06 | −0.004% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.92 | −0.049% | $81K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.16 | +0.028% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.16 | +0.028% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.32 | −0.241% | $110K | $541K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.24 | +0.054% | $3.1M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.42 | +0.110% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0109% | 4h | 312.16 | +0.028% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 312.24 | +0.054% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0135% / S +0.0137% | 1h | 312.12 | +0.016% | $415K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0173% | 8h | 312.27 | +0.063% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.35 | +0.089% | $101K | $369K | 5x | as long as short |
| BingX TAO-USDT | +0.0256% | 4h | 312.02 | −0.017% | — | $33.8M | — | as long as short |
| Bybit TAOUSDT | +0.0287% | 4h | 312.02 | −0.017% | $67.4M | $150.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0308% | 1h | 312.09 | +0.005% | $788K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 312.00 | −0.022% | $908K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0338% | 4h | 312.45 | +0.121% | $5.5M | $10.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.18 | +0.035% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.40 | +0.105% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0461% | 1h | 312.14 | +0.023% | $91.6M | $108.0M | 5x | as long as short |
| Bulk TAO-USD | +0.0468% | 1h | 310.75 | −0.424% | $165K | $333 | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0481% | 1h | 312.48 | +0.131% | $310K | $885K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 312.34 | +0.086% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0600% | 1h | 312.38 | +0.097% | $1.5M | $6.6M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0608% | 1h | 312.32 | +0.079% | $12K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERPlong | +0.0697% | 1h | 312.07 | long leg | $359 | — | 20x | |
| RISEx TAO/USDC | +0.0816% | 1h | 312.07 | −0.001% | $442K | $648K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.08 | +0.003% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +1.473% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Extended TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
Bulk TAO-USD
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Lighter TAO
Deribit TAO_USDC-PERPETUAL
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP