Funding you earn now, next payment 00:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h +0.009%
Price spread now: Katana Perps against Deribit+0.098%7-day average +0.002% · 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)+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)−0.195%−$20 · spread now +0.098%, 7d avg +0.002%
=The price spread pays, funding is against you. Katana Perps is 0.096% dearer against Deribit than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.002%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 4 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TAO_USDC-PERPETUAL | 312.34 | 0.0297 | pay 0.0037% / 1h | 40m 25s | $19K | $1.4M | 25x |
| Short | Katana Perps TAO-USD | 312.64 | 0.0110 | get 0.0110% / 8h | 40m 25s | $2K | $541K | 5x |
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Deribit. 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
- −$39.25
- Price spread: +0.098% → +0.002%
- $9.55
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$40.5
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Deribit: 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 Deribit live order book, 4 min ago | 2.40 bp | 12.7 bp −$13 | 19.6 bp −$196 | 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 | −0.4478% | 1h | 313.97 | +0.523% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.36 | +0.008% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.25 | −0.029% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.658% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.60 | +0.085% | $41K | $551K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.61 | +0.087% | $370K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.60 | +0.085% | $88.4M | $425.0M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.64 | +0.098% | $61.3M | $124.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.50 | +0.053% | $25.1M | $100.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.60 | +0.085% | $12.7M | $49.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.50 | +0.053% | $120.2M | $127.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.76 | +0.136% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.43 | +0.030% | $34.9M | $46.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.74 | +0.130% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.83 | +0.160% | $40K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.13 | +0.575% | $529K | $948K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.34 | +0.001% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.11 | −0.072% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.29 | −0.015% | $127K | $395K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.22 | −0.037% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.43 | +0.030% | $172K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0107% | 1h | 312.66 | +0.103% | $11K | $17K | 20x | as long as short |
| Katana Perps TAO-USDshort | +0.0110% | 8h | 312.64 | +0.098% | $2K | $541K | 5x | |
| Polymarket Perps TAO-USD | +0.0116% | 1h | 312.78 | +0.142% | $77K | $520K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.02 | +0.219% | $83K | $626K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0187% | 8h | 312.71 | +0.119% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.368% | $3.9M | $7.0M | — | as long as short |
| Aster TAOUSDT | +0.0202% | 4h | 312.52 | +0.060% | $1.1M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0226% | 1h | 312.79 | +0.146% | $47K | $270K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0297% | 1h | 312.34 | long leg | $19K | $1.4M | 25x | |
| BloFin TAO-USDT | +0.0351% | 4h | 312.42 | +0.027% | $4.3M | $10.2M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.23 | −0.035% | $5.7M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.20 | −0.044% | $448K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0522% | 1h | 312.67 | +0.106% | $829K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | +0.085% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0543% | 1h | 312.35 | +0.005% | $300K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.57 | +0.076% | $359 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0736% | 1h | 312.95 | +0.197% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0864% | 1h | 312.66 | +0.103% | $863K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 314.64 | +0.738% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.98 | +0.205% | $431K | $537K | 5x | as long as short |
| Lighter TAO | +0.1392% | 1h | 312.95 | +0.197% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.1922% | 1h | 313.11 | +0.248% | $97.5M | $83.3M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
Polymarket Perps TAO-USD
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Aster TAOUSDT
ApeX Omni TAOUSDT
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO