Funding you earn now, next payment 12:00 UTC+0.0758%/8h= +83.0% APRpaid last 24h +0.099%
Price spread now: Kraken Futures against Katana Perps+0.217%7-day average +0.028% · 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)+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.217%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.189% dearer against Katana Perps than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.136% in total (about 12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 313.70 | 0.0102 | pay 0.0102% / 8h | 4h 55m | $1K | $1.3M | 5x |
| Short | Kraken Futures PF_TAOUSD | 314.38 | 0.0859 | get 0.0107% / 1h | 55m 20s | $6.3M | $19.5M | 50x |
Katana Perps TAO-USD
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $159.09
- Price spread: +0.217% → +0.028%
- $18.86
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $164.16
- Costs to cover
- 0.138%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 4.93 bp | 12.3 bp −$12 | 18.1 bp −$181 | 83.1 bp −$8,313 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.39 | −0.099% | $19K | — | 150x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.70 | 0.000% | $26.8M | $125.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.60 | −0.032% | $16.1M | $46.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.80 | +0.032% | $17.3M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.52 | −0.057% | $35.5M | $54.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.91 | +0.067% | $45K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.78 | +0.026% | $68K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.03 | +0.105% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.48 | −0.070% | $114K | $551K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0102% | 8h | 313.70 | long leg | $1K | $1.3M | 5x |
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TAO-USD | +0.0104% | 1h | 313.94 | +0.077% | $942K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 313.93 | +0.073% | $172K | $998 | 3x | as long as short |
| Popdex TAOUSDT | +0.0168% | 1h | 313.96 | +0.083% | $54K | $633K | 20x | as long as short |
| edgeX TAOUSDC | +0.0169% | 4h | 313.98 | +0.088% | $41K | $324K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 313.80 | +0.032% | $111.4M | $146.2M | 300x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 313.76 | +0.020% | $93.2M | $506.3M | 75x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 314.08 | +0.121% | $371K | $445K | 10x | as long as short |
| dYdX TAO-USD | +0.0267% | 1h | 313.58 | −0.038% | $264K | $230K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0280% | 4h | 314.03 | +0.105% | $534K | $786K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0281% | 4h | 313.68 | −0.006% | $52K | $262K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0307% | 8h | 314.08 | +0.120% | $14K | $769 | 10x | as long as short |
| Aster TAOUSDT | +0.0346% | 4h | 313.75 | +0.016% | $1.2M | $11.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0360% | 4h | 313.65 | −0.016% | — | $37.9M | — | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0368% / S −0.0112% | 1h | 313.24 | −0.147% | $375K | — | 100x | as long as short |
| Bybit TAOUSDT | +0.0370% | 4h | 313.80 | +0.032% | $69.5M | $154.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0395% | 1h | 313.78 | +0.026% | $12K | $16K | 20x | as long as short |
| BloFin TAO-USDT | +0.0409% | 4h | 314.04 | +0.108% | $4.9M | $10.5M | 100x | as long as short |
| Phemex TAOUSDT | +0.0416% | 4h | 314.34 | +0.204% | $3.2M | $8.3M | 50x | as long as short |
| Lighter TAO | +0.0432% | 1h | 314.13 | +0.137% | $1.6M | $6.7M | 5x | as long as short |
| Nado TAO-PERP | +0.0443% | 1h | 314.07 | +0.117% | $668K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0587% | 1h | 314.28 | +0.185% | $99K | $284K | 5x | as long as short |
| Variational Omni TAO | +0.0597% | 4h | 314.17 | +0.150% | $5.8M | $9.7M | — | as long as short |
| Phoenix TAO | +0.0650% | 1h | 314.40 | +0.223% | $316K | $701K | 5x | as long as short |
| Hyperliquid TAO | +0.0684% | 1h | 313.92 | +0.070% | $94.0M | $105.2M | 5x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 313.89 | +0.060% | $438K | $657K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 313.69 | −0.002% | $361 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0720% | 1h | 314.20 | +0.160% | $27K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 314.66 | +0.306% | $1.1M | $7.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0859% | 1h | 314.38 | +0.217% | $6.3M | $19.5M | 50x | |
| 01 Exchange TAOUSD | +0.0912% | 1h | 314.40 | +0.223% | $3K | $2K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1011% | 1h | 314.09 | +0.124% | $295K | $1.1M | 10x | as long as short |
| Bulk TAO-USD | +0.1436% | 1h | 313.89 | +0.061% | $166K | $662 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4136% | 1h | 318.16 | +1.422% | $23K | $2K | 12x | as long as short |
Extended TAO-USD
Aevo TAO-PERP
Popdex TAOUSDT
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
dYdX TAO-USD
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Aster TAOUSDT
BingX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Bybit TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Lighter TAO
Nado TAO-PERP
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
Hyperliquid TAO
RISEx TAO/USDC
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Bulk TAO-USD
Injective TAO/USDC PERP