TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h +0.137%

Price spread now: Kraken Futures against Arcus−0.279%7-day average −0.019% · 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−$72as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.204%+$20 on $10k

Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.279%, 7d avg −0.019%

Together, before fees+0.528%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.260% cheaper against Arcus than usual: you would sell low and buy high (spread −0.279% now, against its 7-day average of −0.019%). If the spread goes back, that is −$26 on $10k: about 3.3 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	313.44	0.0186	pay 0.0023% / 1h	39m 21s	$83K	$626K	5x
Short	Kraken Futures PF_TAOUSD	312.57	0.0449	get 0.0056% / 1h	39m 21s	$5.7M	$19.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now −0.279%Rate

Funding earned: $55.3
Price spread: −0.279% → −0.019%: −$26.01
Slippage, 4 orders: −$31.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.14
Costs to cover: 0.464%
Break-even: 9.2 days

Slippage from Arcus: live order book, 39 min ago; Kraken Futures: live order book, 5 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 Arcus live order book, 39 min ago	3.43 bp	12.8 bp −$13	23.6 bp −$236	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.47 bp	10.6 bp −$11	37.3 bp −$373	135.8 bp −$13.6K	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
Bulk TAO-USD	−0.4478%	1h	313.97	+0.169%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.64	−0.255%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.85	−0.190%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.303%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.25	−0.061%	$41K	$552K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.17	−0.086%	$371K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.08	−0.115%	$88.6M	$425.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.05	−0.124%	$61.4M	$124.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.172%	$25.1M	$100.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	−0.172%	$12.7M	$49.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.08	−0.115%	$120.4M	$127.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.08	−0.115%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.80	−0.204%	$34.9M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.10	−0.108%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.40	−0.331%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.53	−0.290%	$526K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.93	−0.163%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.26	−0.376%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.79	−0.207%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.53	−0.290%	$3.3M	$7.9M	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.14	−0.096%	$11K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.86	−0.187%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.28	−0.051%	$2K	$541K	5x	as long as short
Polymarket Perps TAO-USD	+0.0116%	1h	313.26	−0.057%	$77K	$520K	5x	as long as short
ApeX Omni TAOUSDT	+0.0118%	1h	312.28	−0.370%	$47K	$270K	50x	as long as short
Arcus TAO-USDlong	+0.0186%	1h	313.44	long leg	$83K	$626K	5x
Paradex TAO-USD-PERP	+0.0187%	8h	313.06	−0.120%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0194%	4h	312.41	−0.330%	$3.9M	$7.0M	—	as long as short
Aster TAOUSDT	+0.0198%	4h	313.05	−0.124%	$1.1M	$7.9M	50x	as long as short
BloFin TAO-USDT	+0.0351%	4h	312.42	−0.325%	$4.3M	$10.2M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0375%	1h	312.72	−0.231%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0449%	1h	312.57	−0.279%	$5.7M	$19.9M	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	312.80	−0.203%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0509%	1h	313.26	−0.057%	$830K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0537%	1h	312.70	−0.236%	$300K	$799K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.80	−0.204%	$327K	$521K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.02	−0.134%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0720%	1h	313.50	+0.019%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0864%	1h	313.15	−0.092%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.383%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.46	+0.008%	$432K	$548K	5x	as long as short
Lighter TAO	+0.1352%	1h	313.56	+0.037%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1893%	1h	313.59	+0.048%	$97.6M	$83.2M	5x	as long as short