Funding you earn now, next payment 05:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.44 per $10,000 · paid last 24h +0.083%
Price spread now: Kraken Futures against dYdX+0.133%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1061.057% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.133%, 7d avg +0.090%
=The price spread pays, funding is against you. Kraken Futures is 0.044% dearer against dYdX than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.090%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.139%, 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 7 days it paid 0.139% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 per $10,000. 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 | dYdX TAO-USD | 311.42 | 0 | get 0.0000% / 1h | 44m 07s | $124K | $85K | 5x |
| Short | Kraken Futures PF_TAOUSD | 311.84 | −0.0348 | pay 0.0044% / 1h | 44m 07s | $5.5M | $20.7M | 50x |
dYdX TAO-USD
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against dYdX. 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
- −$73.1
- Price spread: +0.133% → +0.090%
- $4.36
- Slippage, 4 orders
- −$85.73
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$174.47
- Costs to cover
- 1.057%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 10 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 dYdX live order book, 10 min ago | 31.65 bp | 42.5 bp −$42 | 67.6 bp −$676 | 147.8 bp −$14.8K | 533.8 bp −$266.9K |
| Sell Kraken Futures live order book, 5 min ago | 7.05 bp | 13.6 bp −$14 | 26.8 bp −$268 | 105.9 bp −$10.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDshort | −0.0348% | 1h | 311.84 | +0.133% | $5.5M | $20.7M | 50x | |
| dYdX TAO-USDlong | 0.0000% | 1h | 311.42 | long leg | $124K | $85K | 5x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.72 | +0.097% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.85 | +0.138% | $45K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 311.87 | +0.144% | $2K | $813K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.49 | +0.022% | $355K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.71 | +0.093% | $89.5M | $498.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.75 | +0.106% | $67.0M | $150.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.60 | +0.058% | $25.9M | $120.2M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +1.182% | $167K | $2K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 311.60 | +0.058% | $13.0M | $49.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.90 | +0.154% | $101.1M | $144.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.80 | +0.122% | $17.8M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.60 | +0.058% | $34.9M | $56.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.89 | +0.151% | — | $33.1M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.19 | +0.249% | $41K | $314K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.93 | +0.163% | $529K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.96 | +0.173% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.74 | +0.103% | $82K | $870K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.03 | +0.196% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.88 | +0.148% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.42 | 0.000% | $109K | $537K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.89 | +0.150% | $171K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0114% | 4h | 311.78 | +0.116% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0118% | 4h | 311.89 | +0.150% | $1.2M | $10.4M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0141% / S +0.0131% | 1h | 311.71 | +0.093% | $415K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 311.40 | −0.006% | $14K | $1K | 10x | as long as short |
| Extended TAO-USD | +0.0184% | 1h | 311.83 | +0.131% | $913K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.78 | +0.116% | $101K | $392K | 5x | as long as short |
| Hyperliquid TAO | +0.0235% | 1h | 312.08 | +0.212% | $91.6M | $107.2M | 5x | as long as short |
| Nado TAO-PERP | +0.0263% | 1h | 311.92 | +0.161% | $790K | $2.2M | 10x | as long as short |
| Variational Omni TAO | +0.0324% | 4h | 312.10 | +0.218% | $5.5M | $10.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.24 | +0.263% | $4.5M | $10.8M | 100x | as long as short |
| Phemex TAOUSDT | +0.0366% | 4h | 311.93 | +0.164% | $3.2M | $8.1M | 50x | as long as short |
| Lighter TAO | +0.0408% | 1h | 312.12 | +0.226% | $1.5M | $6.5M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0409% | 1h | 312.04 | +0.199% | $310K | $906K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 311.85 | +0.138% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.50 | +0.347% | $311K | $711K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0530% | 1h | 311.92 | +0.161% | $29K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 311.94 | +0.166% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 311.65 | +0.073% | $433K | $650K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.52 | +0.353% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.914% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Extended TAO-USD
Arcus TAO-USD
Hyperliquid TAO
Nado TAO-PERP
Variational Omni TAO
BloFin TAO-USDT
Phemex TAOUSDT
Lighter TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP