TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.084%

Price spread now: Kraken Futures against Aevo+0.068%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2332.330% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.068%, 7d avg +0.010%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.058% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	313.85	0.0104	pay 0.0013% / 1h	47m 18s	$172K	$998	3x
Short	Kraken Futures PF_TAOUSD	314.07	0.0303	get 0.0038% / 1h	47m 18s	$5.7M	$21.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Kraken FuturesbpOrdersPrice spread, now +0.068%Rate

Funding earned: $41.88
Price spread: +0.068% → +0.010%: $5.77
Slippage, 4 orders: −$206.99
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$185.34
Costs to cover: 2.330%
Break-even: 38.0 days

Slippage from Aevo: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Aevo live order book, 2 min ago	72.17 bp	114.2 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.47 bp	12.9 bp −$13	25.6 bp −$256	116.1 bp −$11.6K	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
dYdX TAO-USD	0.0000%	1h	313.35	−0.162%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.34	−0.164%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.43	−0.135%	$642	$887K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.66	−0.062%	$89.7M	$505.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.60	−0.081%	$26.2M	$122.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.30	−0.177%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.56	−0.094%	$104.8M	$144.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.60	−0.081%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.34	−0.164%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.37	−0.155%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.44	−0.132%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.50	−0.113%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.65	−0.384%	$111K	$545K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	313.85	long leg	$172K	$998	3x
Orderly PERP_TAO_USDC	+0.0121%	4h	313.66	−0.062%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.28	−0.182%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.456%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0161%	4h	313.75	−0.033%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	313.61	−0.079%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.72	−0.041%	$357K	$419K	10x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.361%	$46K	$255K	50x	as long as short
Nado TAO-PERP	+0.0256%	1h	313.79	−0.021%	$780K	$2.2M	10x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.204%	$532K	$942K	10x	as long as short
Popdex TAOUSDT	+0.0280%	1h	313.67	−0.059%	$49K	$662K	20x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0303%	1h	314.07	+0.068%	$5.7M	$21.0M	50x
Bullet TAO-USD	+0.0334%	1h	313.67	−0.058%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.60	−0.081%	$4.5M	$10.8M	100x	as long as short
Phemex TAOUSDT	+0.0350%	4h	313.78	−0.024%	$3.2M	$7.9M	50x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.240%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0377%	4h	313.77	−0.027%	$68.0M	$151.3M	50x	as long as short
BingX TAO-USDT	+0.0384%	4h	313.60	−0.081%	—	$33.7M	—	as long as short
Extended TAO-USD	+0.0400%	1h	313.70	−0.048%	$905K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0428%	1h	313.66	−0.062%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.87	+0.005%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.177%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.46	−0.127%	$360	—	20x	as long as short
Hyperliquid TAO	+0.0730%	1h	313.80	−0.019%	$91.8M	$108.5M	5x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	314.18	+0.104%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0802%	1h	313.89	+0.011%	$312K	$885K	10x	as long as short
Lighter TAO	+0.0920%	1h	313.87	+0.005%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.47	+0.196%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.64	−0.067%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.706%	$23K	$2K	12x	as long as short