Funding you earn now, next payment 06:00 UTC−0.0210%/8h= −23.0% APRnext payment −$0.26 per $10,000 · paid last 24h +0.167%
Price spread now: Coinbase International against Kraken Futures+0.386%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)−0.327%−$33 · spread now +0.386%, 7d avg +0.134%
=The price spread pays, funding is against you. Coinbase International is 0.251% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.386% now, against its 7-day average of +0.134%): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.351%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 319.81 | 0.1154 | pay 0.0144% / 1h | 41m 11s | $6.0M | $21.7M | 50x |
| Short | Coinbase International TAO-PERP-INTX | 321.04 | 0.0944 | get 0.0118% / 1h | 41m 11s | $1.5M | $6.9M | 50x |
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$44.14
- Price spread: +0.386% → +0.134%
- $25.13
- Slippage, 4 orders
- −$37.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$76.78
- Costs to cover
- 0.578%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 3 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 | 7.18 bp | 19.9 bp −$20 | 26.7 bp −$267 | 114.8 bp −$11.5K | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 7.18 bp | 12.2 bp −$12 | 18.4 bp −$184 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.2019% | 1h | 319.65 | −0.049% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.38 | −0.135% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.36 | −0.139% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.83 | +0.007% | $41K | $696K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.60 | −0.065% | $26.5M | $129.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.40 | −0.127% | $14.2M | $51.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.52 | −0.090% | $17.8M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.38 | −0.133% | $35.8M | $58.3M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.81 | +0.001% | $45K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.70 | −0.033% | $79K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.47 | −0.105% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.35 | −0.143% | $118K | $589K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.62 | −0.058% | $725 | $1.0M | 5x | as long as short |
| Phemex TAOUSDT | +0.0113% | 4h | 319.90 | +0.029% | $3.3M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.78 | −0.008% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0121% / S +0.0157% | 1h | 319.41 | −0.124% | $432K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.62 | −0.058% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0152% | 4h | 320.03 | +0.071% | $42K | $318K | 10x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 319.81 | +0.001% | $92.5M | $527.2M | 75x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 319.68 | −0.040% | $105.0M | $149.6M | 300x | as long as short |
| Paradex TAO-USD-PERP | +0.0263% | 8h | 319.78 | −0.007% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0313% | 4h | 319.86 | +0.015% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0382% | 4h | 319.84 | +0.010% | $69.8M | $155.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0391% | 1h | 319.97 | +0.052% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 319.77 | −0.011% | $4.7M | $11.1M | 100x | as long as short |
| BingX TAO-USDT | +0.0398% | 4h | 319.63 | −0.055% | — | $34.5M | — | as long as short |
| GRVT TAO_USDT_Perp | +0.0408% | 4h | 319.70 | −0.034% | $544K | $940K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 319.60 | −0.064% | $917K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.86 | +0.018% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 319.36 | −0.140% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 320.30 | +0.154% | $319K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0605% | 1h | 319.60 | −0.065% | $14K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.94 | +0.042% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.31 | +0.157% | $103K | $394K | 5x | as long as short |
| Nado TAO-PERP | +0.0651% | 1h | 319.79 | −0.006% | $801K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0669% | 1h | 319.81 | +0.001% | $94.4M | $110.2M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0673% | 1h | 319.71 | −0.030% | $300K | $904K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.92 | +0.034% | $368 | — | 20x | as long as short |
| Lighter TAO | +0.0864% | 1h | 319.96 | +0.049% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0944% | 1h | 321.04 | +0.386% | $1.5M | $6.9M | 50x | |
| RISEx TAO/USDC | +0.1077% | 1h | 319.76 | −0.013% | $462K | $662K | 5x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.1154% | 1h | 319.81 | long leg | $6.0M | $21.7M | 50x | |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.196% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Phemex TAOUSDT
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
edgeX TAOUSDC
Binance TAOUSDT
MEXC TAO_USDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bybit TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Arcus TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
RISEx TAO/USDC
Injective TAO/USDC PERP