Funding you earn now, next payment 07:00 UTC+0.1051%/8h= +115.1% APRpaid last 24h +0.081%
Price spread now: Kraken Futures against HTX+0.083%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1711.712% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.083%, 7d avg +0.155%
=Funding pays, the price is against you. Kraken Futures is 0.071% cheaper against HTX than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.155%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.293% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% 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 | HTX TAO-USDT | 320.45 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $117K | $598K | 20x |
| Short | Kraken Futures PF_TAOUSD | 320.72 | 0.1151 | get 0.0144% / 1h | 16m 43s | $6.0M | $21.7M | 50x |
HTX TAO-USDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- $220.7
- Price spread: +0.083% → +0.155%
- −$7.14
- Slippage, 4 orders
- −$149.19
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $42.36
- Costs to cover
- 1.712%
- Break-even
- 5.7 days
Slippage from HTX: live order book, 27 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 HTX live order book, 27 min ago | 11.74 bp | 90.8 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 7.46 bp | 13.2 bp −$13 | 21.7 bp −$217 | 107.4 bp −$10.7K | 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 | −0.2264% | 1h | 322.24 | +0.559% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 321.04 | +0.184% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 320.52 | +0.022% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.97 | +0.162% | $44K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.80 | +0.109% | $26.9M | $130.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.60 | +0.047% | $14.4M | $52.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.55 | +0.031% | $17.9M | $32.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.48 | +0.009% | $36.0M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 322.46 | +0.627% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.74 | +0.090% | $85K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 320.65 | +0.062% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDTlong | +0.0100% | 4h | 320.45 | long leg | $117K | $598K | 20x | |
| Katana Perps TAO-USD | +0.0108% | 8h | 320.97 | +0.162% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0115% / S +0.0151% | 1h | 320.53 | +0.024% | $428K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0126% | 4h | 320.66 | +0.066% | $53K | $293K | 10x | as long as short |
| Aevo TAO-PERP | +0.0136% | 1h | 320.71 | +0.083% | $176K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0203% | 4h | 320.76 | +0.098% | $93.1M | $527.7M | 75x | as long as short |
| MEXC TAO_USDT | +0.0206% | 4h | 320.73 | +0.087% | $107.1M | $151.1M | 300x | as long as short |
| edgeX TAOUSDC | +0.0208% | 4h | 321.96 | +0.472% | $43K | $318K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0274% | 8h | 321.07 | +0.194% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0309% | 4h | 320.90 | +0.140% | $70.5M | $156.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0316% | 4h | 320.76 | +0.097% | — | $34.9M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0345% | 1h | 320.57 | +0.037% | $15K | $2.0M | 25x | as long as short |
| Bullet TAO-USD | +0.0362% | 1h | 320.86 | +0.128% | $12K | $17K | 20x | as long as short |
| Phemex TAOUSDT | +0.0367% | 4h | 320.85 | +0.125% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0369% | 4h | 320.80 | +0.108% | $1.3M | $10.9M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0418% | 4h | 321.37 | +0.286% | $545K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0432% | 1h | 320.68 | +0.071% | $913K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0443% | 4h | 320.92 | +0.147% | $4.7M | $11.1M | 100x | as long as short |
| Nado TAO-PERP | +0.0519% | 1h | 320.88 | +0.133% | $798K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.20 | +0.234% | $366K | $428K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 322.87 | +0.755% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 322.20 | +0.546% | $321K | $709K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.27 | +0.256% | $104K | $389K | 5x | as long as short |
| Hyperliquid TAO | +0.0652% | 1h | 320.92 | +0.147% | $94.9M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 321.06 | +0.190% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 320.74 | +0.089% | $369 | — | 20x | as long as short |
| Lighter TAO | +0.0712% | 1h | 320.78 | +0.102% | $1.6M | $6.8M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0721% | 1h | 320.68 | +0.072% | $299K | $905K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.77 | +0.724% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.02 | +0.178% | $452K | $670K | 5x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.1151% | 1h | 320.72 | +0.083% | $6.0M | $21.7M | 50x | |
| Injective TAO/USDC PERP | +0.4723% | 1h | 325.94 | +1.713% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Bybit TAOUSDT
BingX TAO-USDT
Deribit TAO_USDC-PERPETUAL
Bullet TAO-USD
Phemex TAOUSDT
Aster TAOUSDT
GRVT TAO_USDT_Perp
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Arcus TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP