TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0375%/8h= −41.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.065%

Price spread now: Arcus against Kraken Futures−0.008%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.008%, 7d avg +0.026%

Together, before fees−0.319%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Arcus is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	319.47	0.0779	pay 0.0097% / 1h	21m 05s	$6.1M	$21.2M	50x
Short	Arcus TAO-USD	319.44	0.0404	get 0.0051% / 1h	21m 05s	$101K	$360K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$78.77
Price spread: −0.008% → +0.026%: −$3.43
Slippage, 4 orders: −$44.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$141.31
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Arcus: live order book, 13 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 Kraken Futures live order book, 3 min ago	9.45 bp	19.9 bp −$20	28.5 bp −$285	126.1 bp −$12.6K	doesn't fit
Sell Arcus live order book, 13 min ago	6.99 bp	9.9 bp −$10	25.4 bp −$254	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	318.70	−0.241%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.27	−0.061%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.32	−0.046%	$69.8M	$155.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	−0.083%	$26.5M	$131.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	−1.354%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.10	−0.115%	$15.2M	$50.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.35	−0.036%	$17.6M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.01	−0.143%	$36.0M	$57.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.85	−0.193%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.29	−0.055%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.10	−0.115%	$116K	$573K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.17	−0.093%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0105%	8h	319.03	−0.136%	$2K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.61	+0.045%	$176K	$998	3x	as long as short
BingX TAO-USDT	+0.0140%	4h	319.37	−0.030%	—	$38.8M	—	as long as short
edgeX TAOUSDC	+0.0141%	4h	318.39	−0.336%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	319.33	−0.043%	$110.0M	$153.4M	300x	as long as short
Binance TAOUSDT	+0.0161%	4h	319.40	−0.021%	$93.0M	$523.7M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0231%	4h	319.65	+0.058%	$54K	$293K	10x	as long as short
Paradex TAO-USD-PERP	+0.0242%	8h	319.32	−0.046%	$14K	$876	10x	as long as short
dYdX TAO-USD	+0.0271%	1h	318.81	−0.205%	$128K	$88K	5x	as long as short
ApeX Omni TAOUSDT	+0.0282%	1h	318.62	−0.265%	$45K	$257K	50x	as long as short
Bullet TAO-USD	+0.0288%	1h	319.43	−0.011%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0327%	4h	319.27	−0.061%	$1.2M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0332%	4h	317.64	−0.571%	$538K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	319.27	−0.061%	$368K	$445K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0367% / S −0.0109%	1h	319.01	−0.144%	$378K	—	100x	as long as short
Extended TAO-USD	+0.0400%	1h	319.50	+0.011%	$897K	$2.3M	25x	as long as short
BloFin TAO-USDT	+0.0401%	4h	319.50	+0.011%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USDshort	+0.0404%	1h	319.44	−0.008%	$101K	$360K	5x
Nado TAO-PERP	+0.0443%	1h	319.17	−0.092%	$773K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0560%	1h	319.56	+0.029%	$94.8M	$109.1M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0578%	1h	319.61	+0.044%	$9K	$1.9M	25x	as long as short
Phoenix TAO	+0.0578%	1h	319.20	−0.083%	$321K	$714K	5x	as long as short
Variational Omni TAO	+0.0597%	4h	313.84	−1.760%	$5.5M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0616%	1h	319.80	+0.105%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	319.55	+0.027%	$1.6M	$6.7M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.19	−0.086%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0743%	1h	319.49	+0.007%	$315K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0779%	1h	319.47	long leg	$6.1M	$21.2M	50x
RISEx TAO/USDC	+0.0840%	1h	318.31	−0.360%	$453K	$706K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.75	+0.089%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.531%	$23K	$2K	12x	as long as short