Funding you earn now, next payment 04:00 UTC−0.0457%/8h= −50.0% APRpaid last 24h +0.001%
Price spread now: Katana Perps against Bybit+0.083%7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.083%, 7d avg 0.000%
=The price spread pays, funding is against you. Katana Perps is 0.083% dearer against Bybit than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of 0.000%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 4 days funding on this pair paid +0.150%, 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 4 days it paid 0.150% in total (about 14.5% a year). A funding rate is set anew for every payment. 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 | Bybit TAOUSDT | 323.94 | 0.0572 | pay 0.0286% / 4h | 1h 28m | $71.0M | $143.7M | 50x |
| Short | Katana Perps TAO-USD | 324.21 | 0.0116 | get 0.0116% / 8h | 5h 28m | $689 | $776K | 5x |
Bybit TAOUSDT
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Bybit. 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
- −$95.88
- Price spread: +0.083% → 0.000%
- $8.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$102.39
- Costs to cover
- 0.148%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 0.15 bp | 9.9 bp −$10 | 25.6 bp −$256 | 63.5 bp −$6,349 | 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 | −0.5583% | 1h | 316.49 | −2.300% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.51 | −0.133% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.60 | −0.104% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 324.14 | +0.062% | $34K | $675K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 323.88 | −0.017% | $94.7M | $479.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.80 | −0.043% | $26.7M | $120.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.50 | −0.136% | $13.3M | $49.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 323.51 | −0.133% | $100.5M | $141.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.84 | −0.031% | $18.1M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.20 | −0.228% | $36.2M | $54.6M | 50x | 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 TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 324.24 | +0.093% | $37K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.90 | −0.012% | $87K | $791K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.49 | −0.139% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.73 | −0.065% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.66 | −0.086% | $3.5M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 323.86 | −0.024% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 323.68 | −0.080% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USDshort | +0.0116% | 8h | 324.21 | +0.083% | $689 | $776K | 5x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0160% / S +0.0125% | 1h | 323.56 | −0.117% | $449K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0242% | 1h | 323.74 | −0.063% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0264% | 4h | 323.95 | +0.003% | $537K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0285% | 1h | 323.88 | −0.019% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0308% | 8h | 324.01 | +0.022% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 322.64 | −0.401% | $4.6M | $11.2M | 100x | as long as short |
| Aster TAOUSDT | +0.0364% | 4h | 323.91 | −0.009% | $1.2M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 323.81 | −0.040% | $383K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.60 | +0.204% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 324.27 | +0.102% | $101K | $487K | 5x | as long as short |
| BingX TAO-USDT | +0.0566% | 4h | 323.41 | −0.164% | — | $30.3M | — | as long as short |
| Nado TAO-PERP | +0.0572% | 1h | 323.90 | −0.012% | $793K | $2.2M | 10x | as long as short |
| Bybit TAOUSDTlong | +0.0572% | 4h | 323.94 | long leg | $71.0M | $143.7M | 50x | |
| Deribit TAO_USDC-PERPETUAL | +0.0685% | 1h | 323.84 | −0.030% | $21K | $1.6M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 323.95 | +0.003% | $373 | — | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0723% | 1h | 323.82 | −0.037% | $48K | $253K | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 324.40 | +0.142% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 323.70 | −0.073% | $949K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0868% | 4h | 323.85 | −0.028% | $6.0M | $9.8M | — | as long as short |
| Lighter TAO | +0.0896% | 1h | 324.12 | +0.054% | $1.6M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 324.38 | +0.136% | $1.5M | $6.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1062% | 1h | 323.84 | −0.031% | $445K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 324.07 | +0.042% | $458K | $640K | 5x | as long as short |
| Hyperliquid TAO | +0.1269% | 1h | 323.83 | −0.034% | $101.9M | $99.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | −0.176% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
BingX TAO-USDT
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
ApeX Omni TAOUSDT
01 Exchange TAOUSD
Extended TAO-USD
Variational Omni TAO
Lighter TAO
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP