Funding you earn now, next payment 08:00 UTC−0.0405%/8h= −44.4% APRpaid last 24h −0.019%
Price spread now: BloFin against Kraken Futures−0.023%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.023%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.156%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% 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 | 317.63 | 0.0834 | pay 0.0104% / 1h | 2m 41s | $6.0M | $21.7M | 50x |
| Short | BloFin TAO-USDT | 317.56 | 0.0429 | get 0.0215% / 4h | 2m 41s | $4.7M | $10.9M | 100x |
Kraken Futures PF_TAOUSD
BloFin TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$85.06
- Price spread: −0.023% → −0.030%
- $0.71
- Slippage, 4 orders
- −$22.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$128.65
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; BloFin: live order book, 6 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 | 5.98 bp | 13.9 bp −$14 | 29.9 bp −$299 | 113.7 bp −$11.4K | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.25 bp | 7.3 bp −$7 | 14.0 bp −$140 | 31.0 bp −$3,105 | 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 −0.0005% | 1h | 317.14 | −0.156% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0068% | 1h | 317.07 | −0.176% | $127K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.54 | −0.029% | $48K | $716K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.20 | −0.136% | $26.4M | $131.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.30 | −0.104% | $14.8M | $52.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.53 | −0.032% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.19 | −0.139% | $35.8M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.37 | −0.082% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.45 | −0.057% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.92 | −0.224% | $116K | $590K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC] | L +0.0102% / S +0.0138% | 1h | 317.11 | −0.165% | $409K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 317.38 | −0.079% | $649 | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 317.53 | −0.030% | $174K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0138% | 1h | 318.99 | +0.428% | $46K | $259K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0182% | 4h | 317.39 | −0.076% | $52K | $295K | 10x | as long as short |
| Binance TAOUSDT | +0.0184% | 4h | 317.31 | −0.101% | $92.8M | $532.7M | 75x | as long as short |
| MEXC TAO_USDT | +0.0188% | 4h | 317.28 | −0.111% | $103.9M | $153.0M | 300x | as long as short |
| edgeX TAOUSDC | +0.0195% | 4h | 319.07 | +0.453% | $42K | $320K | 10x | as long as short |
| Bulk TAO-USD | +0.0217% | 1h | 317.92 | +0.092% | $169K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0257% | 8h | 317.41 | −0.070% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0278% | 4h | 317.50 | −0.042% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0284% | 4h | 317.33 | −0.095% | $69.8M | $157.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0302% | 1h | 317.50 | −0.042% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 317.33 | −0.096% | $372K | $465K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0314% | 4h | 318.68 | +0.329% | $542K | $896K | 10x | as long as short |
| Aster TAOUSDT | +0.0341% | 4h | 317.45 | −0.058% | $1.3M | $11.1M | 50x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 317.52 | −0.035% | $906K | $2.4M | 25x | as long as short |
| BloFin TAO-USDTshort | +0.0429% | 4h | 317.56 | −0.023% | $4.7M | $10.9M | 100x | |
| Phemex TAOUSDT | +0.0466% | 4h | 317.56 | −0.023% | $3.2M | $8.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 317.95 | +0.100% | $100K | $383K | 5x | as long as short |
| Nado TAO-PERP | +0.0480% | 1h | 317.63 | −0.001% | $775K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0483% | 1h | 317.46 | −0.055% | $15K | $1.9M | 25x | as long as short |
| Variational Omni TAO | +0.0574% | 4h | 318.65 | +0.321% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 319.30 | +0.525% | $321K | $703K | 5x | as long as short |
| Lighter TAO | +0.0640% | 1h | 317.49 | −0.045% | $1.6M | $6.9M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 317.67 | +0.012% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0683% | 1h | 317.58 | −0.016% | $94.0M | $110.2M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 317.39 | −0.077% | $365 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0724% | 1h | 317.75 | +0.037% | $434K | $981K | 10x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 317.67 | +0.012% | $450K | $661K | 5x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0834% | 1h | 317.63 | long leg | $6.0M | $21.7M | 50x | |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.64 | +0.317% | $1.3M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.44 | +1.514% | $23K | $2K | 12x | as long as short |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Bulk TAO-USD
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
Extended TAO-USD
Phemex TAOUSDT
Arcus TAO-USD
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Phoenix TAO
Lighter TAO
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP