Funding you earn now, next payment 05:00 UTC+0.0359%/8h= +39.3% APRnext payment +$0.45 per $10,000 · paid last 24h −0.083%
Price spread now: dYdX against Kraken Futures+0.085%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1041.044% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.085%, 7d avg −0.090%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and dYdX is 0.175% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.090%. Mind the row above: over the last 7 days funding on this pair cost −0.139%, 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 -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. 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 | 312.30 | −0.0348 | get 0.0043% / 1h | 14m 52s | $5.5M | $20.7M | 50x |
| Short | dYdX TAO-USD | 312.57 | 0.0011 | get 0.0001% / 1h | 14m 52s | $125K | $85K | 5x |
Kraken Futures PF_TAOUSD
dYdX TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $75.29
- Price spread: +0.085% → −0.090%
- $17.46
- Slippage, 4 orders
- −$84.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$11.62
- Costs to cover
- 1.044%
- Break-even
- 8.1 days
Slippage from Kraken Futures: live order book, 4 min ago; dYdX: live order book, 39 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, 4 min ago | 5.28 bp | 11.2 bp −$11 | 22.2 bp −$222 | 98.1 bp −$9,805 | doesn't fit |
| Sell dYdX live order book, 39 min ago | 31.65 bp | 36.7 bp −$37 | 43.0 bp −$430 | 149.9 bp −$15.0K | 558.3 bp −$279.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSDlong | −0.0348% | 1h | 312.30 | long leg | $5.5M | $20.7M | 50x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.57 | +0.085% | $20K | — | 150x | as long as short |
| dYdX TAO-USDshort | +0.0011% | 1h | 312.57 | +0.085% | $125K | $85K | 5x | |
| Popdex TAOUSDT | +0.0096% | 1h | 313.01 | +0.226% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 312.88 | +0.184% | $640 | $845K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.95 | +0.207% | $356K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.62 | +0.102% | $89.5M | $501.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.60 | +0.094% | $26.1M | $121.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.40 | +0.030% | $13.3M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.58 | +0.088% | $103.1M | $145.6M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.60 | +0.094% | $17.8M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.44 | +0.043% | $35.1M | $56.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.34 | +0.332% | $42K | $314K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.61 | +0.418% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.93 | +0.200% | $82K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.91 | +0.194% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.63 | +0.104% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.54 | +0.075% | $111K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.50 | +0.062% | $3.1M | $8.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0104% | 4h | 312.55 | +0.078% | — | $33.7M | — | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.74 | +0.139% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0114% | 4h | 312.47 | +0.053% | $1.3M | $10.5M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 312.61 | +0.098% | $52K | $290K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0124% | 4h | 312.88 | +0.183% | $531K | $956K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0136% / S +0.0132% | 1h | 312.52 | +0.069% | $422K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0161% | 8h | 313.12 | +0.262% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0187% | 4h | 312.74 | +0.139% | $67.4M | $150.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 313.37 | +0.341% | $101K | $394K | 5x | as long as short |
| Extended TAO-USD | +0.0320% | 1h | 312.64 | +0.106% | $914K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0323% | 4h | 312.65 | +0.111% | $5.5M | $10.1M | — | as long as short |
| Nado TAO-PERP | +0.0330% | 1h | 312.91 | +0.195% | $790K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.54 | +0.075% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 313.70 | +0.447% | $312K | $711K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0466% | 1h | 312.65 | +0.109% | $13K | $1.8M | 25x | as long as short |
| Hyperliquid TAO | +0.0474% | 1h | 312.77 | +0.149% | $91.9M | $107.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 313.27 | +0.309% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0504% | 1h | 312.60 | +0.094% | $311K | $885K | 10x | as long as short |
| Lighter TAO | +0.0632% | 1h | 312.74 | +0.139% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.86 | +0.176% | $360 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 313.14 | +0.267% | $444K | $647K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.443% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.90 | +0.191% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +1.398% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
BingX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Bybit TAOUSDT
Arcus TAO-USD
Extended TAO-USD
Variational Omni TAO
Nado TAO-PERP
BloFin TAO-USDT
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP