Funding you earn now, next payment 03:00 UTC+0.0324%/8h= +35.4% APRpaid last 24h −0.110%
Price spread now: BingX against Kraken Futures−0.101%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.101%, 7d avg −0.058%
=Funding pays, the price is against you. BingX is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.058%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% 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 | Kraken Futures PF_TAOUSD | 323.74 | 0.0242 | pay 0.0030% / 1h | 28m 14s | $5.7M | $20.6M | 50x |
| Short | BingX TAO-USDT | 323.41 | 0.0566 | get 0.0283% / 4h | 1h 28m | — | $30.3M | — |
Kraken Futures PF_TAOUSD
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $67.97
- Price spread: −0.101% → −0.058%
- −$4.32
- Slippage, 4 orders
- −$32.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $11.49
- Costs to cover
- 0.521%
- Break-even
- 5.8 days
Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, 10 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, 1 min ago | 10.66 bp | 16.2 bp −$16 | 25.0 bp −$250 | 88.9 bp −$8,891 | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.88 bp | 9.4 bp −$9 | 13.7 bp −$137 | 37.2 bp −$3,717 | 96.9 bp −$48.4K |
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 | −0.5583% | 1h | 316.49 | −2.238% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.51 | −0.070% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.60 | −0.042% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 324.14 | +0.125% | $34K | $675K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 323.88 | +0.045% | $94.7M | $479.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.80 | +0.020% | $26.7M | $120.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.50 | −0.073% | $13.3M | $49.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 323.51 | −0.070% | $100.5M | $141.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.84 | +0.032% | $18.1M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.20 | −0.166% | $36.2M | $54.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 324.24 | +0.156% | $37K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.90 | +0.050% | $87K | $791K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.49 | −0.076% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.73 | −0.002% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.66 | −0.024% | $3.5M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 323.86 | +0.039% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 323.68 | −0.018% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0116% | 8h | 324.21 | +0.146% | $689 | $776K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0160% / S +0.0125% | 1h | 323.56 | −0.054% | $449K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0242% | 1h | 323.74 | long leg | $5.7M | $20.6M | 50x | |
| GRVT TAO_USDT_Perp | +0.0264% | 4h | 323.95 | +0.066% | $537K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0285% | 1h | 323.88 | +0.044% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0308% | 8h | 324.01 | +0.085% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 322.64 | −0.339% | $4.6M | $11.2M | 100x | as long as short |
| Aster TAOUSDT | +0.0364% | 4h | 323.91 | +0.054% | $1.2M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 323.81 | +0.023% | $383K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.60 | +0.267% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 324.27 | +0.165% | $101K | $487K | 5x | as long as short |
| BingX TAO-USDTshort | +0.0566% | 4h | 323.41 | −0.101% | — | $30.3M | — | |
| Nado TAO-PERP | +0.0572% | 1h | 323.90 | +0.050% | $793K | $2.2M | 10x | as long as short |
| Bybit TAOUSDT | +0.0572% | 4h | 323.94 | +0.063% | $71.0M | $143.7M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0685% | 1h | 323.84 | +0.032% | $21K | $1.6M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 323.95 | +0.066% | $373 | — | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0723% | 1h | 323.82 | +0.026% | $48K | $253K | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 324.40 | +0.205% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 323.70 | −0.010% | $949K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0868% | 4h | 323.85 | +0.035% | $6.0M | $9.8M | — | as long as short |
| Lighter TAO | +0.0896% | 1h | 324.12 | +0.117% | $1.6M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 324.38 | +0.199% | $1.5M | $6.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1062% | 1h | 323.84 | +0.032% | $445K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 324.07 | +0.105% | $458K | $640K | 5x | as long as short |
| Hyperliquid TAO | +0.1269% | 1h | 323.83 | +0.029% | $101.9M | $99.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | −0.113% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
ApeX Omni TAOUSDT
01 Exchange TAOUSD
Extended TAO-USD
Variational Omni TAO
Lighter TAO
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP