Funding you earn now, next payment 04:00 UTC+0.0852%/8h= +93.3% APRpaid last 24h +0.244%
Price spread now: Coinbase International against Katana Perps+0.022%7-day average +0.161% · 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)+0.386%+$39 on $10k
+Price spread, last 4 days (all we have)+0.243%+$24 · spread now +0.022%, 7d avg +0.161%
=Funding pays, the price is against you. Coinbase International is 0.138% cheaper against Katana Perps than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.161%). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$26 a day). At the pace of the last 4 days (+0.386% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 312.01 | 0.0100 | pay 0.0100% / 8h | 3h 06m | $639 | $858K | 5x |
| Short | Coinbase International TAO-PERP-INTX | 312.08 | 0.0952 | get 0.0119% / 1h | 6m 09s | $1.5M | $6.7M | 50x |
Katana Perps TAO-USD
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Katana Perps. 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
- $179.01
- Price spread: +0.022% → +0.161%
- −$13.82
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $151.38
- Costs to cover
- 0.138%
- Break-even
- 1.1 days
Slippage unknown: Katana Perps: no order-book sample; Coinbase International: live order book, 3 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 8.33 bp | 14.6 bp −$15 | 19.6 bp −$196 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 312.28 | +0.086% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.14 | +0.042% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 311.82 | −0.061% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.30 | +0.093% | $48K | $661K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0100% | 8h | 312.01 | long leg | $639 | $858K | 5x | |
| Pacifica TAO | +0.0100% | 1h | 312.41 | +0.127% | $356K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.34 | +0.106% | $89.2M | $502.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | +0.093% | $26.0M | $121.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.10 | +0.029% | $13.4M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.36 | +0.112% | $103.4M | $145.8M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.28 | +0.087% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.11 | +0.032% | $35.0M | $56.6M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.164% | $41K | $313K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.94 | −0.023% | $530K | $942K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.33 | −0.218% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.23 | +0.071% | $82K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.45 | +0.140% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.16 | +0.048% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.32 | −0.221% | $110K | $541K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.24 | +0.074% | $3.1M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.42 | +0.130% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0105% | 4h | 312.07 | +0.020% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 312.24 | +0.074% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0135% / S +0.0137% | 1h | 312.12 | +0.036% | $415K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0170% | 8h | 312.26 | +0.079% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.47 | +0.147% | $101K | $369K | 5x | as long as short |
| BingX TAO-USDT | +0.0256% | 4h | 312.37 | +0.115% | — | $33.8M | — | as long as short |
| Bybit TAOUSDT | +0.0293% | 4h | 312.43 | +0.135% | $67.5M | $150.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0309% | 1h | 312.44 | +0.139% | $789K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 312.34 | +0.106% | $909K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0325% | 4h | 312.94 | +0.297% | $5.5M | $10.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.18 | +0.054% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 311.70 | −0.099% | $310K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0463% | 1h | 312.52 | +0.163% | $91.7M | $108.0M | 5x | as long as short |
| Bulk TAO-USD | +0.0468% | 1h | 310.75 | −0.404% | $165K | $333 | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0481% | 1h | 312.48 | +0.151% | $310K | $885K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 312.48 | +0.151% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0608% | 1h | 312.64 | +0.202% | $1.5M | $6.6M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0608% | 1h | 312.32 | +0.099% | $12K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.41 | +0.127% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.25 | +0.077% | $443K | $648K | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0952% | 1h | 312.08 | +0.022% | $1.5M | $6.7M | 50x | |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +1.494% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Extended TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
Bulk TAO-USD
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Injective TAO/USDC PERP