Funding you earn now, next payment 11:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.074%
Price spread now: Nado against Katana Perps+0.142%53s7-day average −0.020% · 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)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.142%, 7d avg −0.020%
=Together, before fees−0.358%+ Points / potential airdropNado: Active · farm board−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Nado is 0.162% dearer against Katana Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.048% in total (about -4.8% 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 | 313.38 | 0.0103 | pay 0.0103% / 8h | 5h 26m | $884 | $1.3M | 5x |
| Short | Nado TAO-PERP | 313.82 | 0.0346 | get 0.0043% / 1h | 26m 39s | $669K | $2.0M | 10x |
Katana Perps TAO-USD
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $50.98
- Price spread: +0.142% → −0.020%
- $16.21
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $56.38
- Costs to cover
- 0.108%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Nado: live order book, 5 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 Nado live order book, 5 min ago | 0.80 bp | 7.4 bp −$7 | 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 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 | 314.00 | +0.198% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.47 | +0.029% | $52K | $633K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.30 | −0.026% | $26.6M | $126.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.20 | −0.057% | $15.8M | $48.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.40 | +0.006% | $17.2M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.10 | −0.089% | $35.5M | $55.7M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.37 | +0.316% | $44K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.56 | +0.057% | $69K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.32 | −0.019% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.72 | +0.108% | $111K | $556K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USDlong | +0.0103% | 8h | 313.38 | long leg | $884 | $1.3M | 5x | |
| Extended TAO-USD | +0.0104% | 1h | 313.21 | −0.053% | $949K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 313.61 | +0.074% | $172K | $998 | 3x | as long as short |
| Lighter TAO | +0.0120% | 1h | 313.42 | +0.014% | $1.6M | $6.7M | 5x | as long as short |
| Binance TAOUSDT | +0.0123% | 4h | 313.47 | +0.028% | $92.3M | $511.0M | 75x | as long as short |
| MEXC TAO_USDT | +0.0124% | 4h | 313.35 | −0.010% | $109.2M | $149.4M | 300x | as long as short |
| edgeX TAOUSDC | +0.0126% | 4h | 314.15 | +0.245% | $42K | $323K | 10x | as long as short |
| BingX TAO-USDT | +0.0130% | 4h | 313.29 | −0.029% | — | $38.1M | — | as long as short |
| Bybit TAOUSDT | +0.0135% | 4h | 313.43 | +0.016% | $68.6M | $155.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0184% | 8h | 313.39 | +0.004% | $14K | $876 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0218% | 4h | 313.65 | +0.087% | $535K | $795K | 10x | as long as short |
| Bullet TAO-USD | +0.0235% | 1h | 313.64 | +0.082% | $12K | $16K | 20x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 313.46 | +0.024% | $371K | $456K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0247% | 4h | 313.52 | +0.045% | $52K | $262K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0262% | 1h | 313.53 | +0.049% | $31K | $1.9M | 25x | as long as short |
| Phemex TAOUSDT | +0.0272% | 4h | 313.66 | +0.089% | $3.2M | $8.2M | 50x | as long as short |
| Aster TAOUSDT | +0.0280% | 4h | 313.32 | −0.019% | $1.2M | $11.3M | 50x | as long as short |
| Nado TAO-PERPshort | +0.0346% | 1h | 313.82 | +0.142% | $669K | $2.0M | 10x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0358% / S −0.0107% | 1h | 313.30 | −0.025% | $368K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0365% | 4h | 313.63 | +0.080% | $4.8M | $10.5M | 100x | as long as short |
| Variational Omni TAO | +0.0466% | 4h | 313.94 | +0.179% | $5.6M | $9.9M | — | as long as short |
| Hyperliquid TAO | +0.0480% | 1h | 313.62 | +0.077% | $94.3M | $106.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0496% | 1h | 313.65 | +0.086% | $3K | $2K | 5x | as long as short |
| dYdX TAO-USD | +0.0564% | 1h | 313.36 | −0.007% | $264K | $230K | 5x | as long as short |
| Arcus TAO-USD | +0.0610% | 1h | 313.67 | +0.093% | $100K | $311K | 5x | as long as short |
| Phoenix TAO | +0.0650% | 1h | 314.10 | +0.230% | $316K | $710K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0665% | 1h | 313.65 | +0.086% | $299K | $1.1M | 10x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 313.52 | +0.046% | $428K | $671K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 313.80 | +0.134% | $1.1M | $7.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 313.51 | +0.042% | $361 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0939% | 1h | 313.63 | +0.081% | $6.3M | $19.6M | 50x | as long as short |
| Bulk TAO-USD | +0.1104% | 1h | 314.29 | +0.290% | $167K | $662 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4405% | 1h | 318.52 | +1.640% | $23K | $2K | 12x | as long as short |
Extended TAO-USD
Aevo TAO-PERP
Lighter TAO
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
BingX TAO-USDT
Bybit TAOUSDT
Paradex TAO-USD-PERP
GRVT TAO_USDT_Perp
Bullet TAO-USD
Pacifica TAO
Orderly PERP_TAO_USDC
Deribit TAO_USDC-PERPETUAL
Phemex TAOUSDT
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Variational Omni TAO
Hyperliquid TAO
01 Exchange TAOUSD
dYdX TAO-USD
Arcus TAO-USD
Phoenix TAO
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
Bulk TAO-USD
Injective TAO/USDC PERP