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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0354%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h −0.120%
Price spread now: gTrade (Gains Network) against Kraken Futures−0.102%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. gTrade (Gains Network) is 0.102% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$11 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TAOUSD310.58−0.0350get 0.0044% / 1h41m 50s$5.5M$20.7M50x
ShortgTrade (Gains Network) TAO/USD310.27L +0.0004% / S −0.0004%get 0.0001% / 1h41m 50s$20K—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
$74.25
Price spread: −0.102% → 0.000%
−$10.16
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$44.1
Costs to cover
0.200%
Break-even
2.8 days
Slippage unknown: Kraken Futures: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 2 min ago5.78 bp11.1 bp −$1120.9 bp −$20994.0 bp −$9,404doesn't fit
Sell gTrade (Gains Network) no order-book sample—————
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSDlong−0.0350%1h310.58long leg$5.5M$20.7M50x
dYdX TAO-USD0.0000%1h310.65+0.022%$124K$85K5xas long as short
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0004%1h310.27−0.102%$20K—150x
Popdex TAOUSDT+0.0096%1h310.51−0.023%$46K$656K20xas long as short
Katana Perps TAO-USD+0.0098%8h310.42−0.052%$635$818K5xas long as short
Pacifica TAO+0.0100%1h310.79+0.067%$355K$413K10xas long as short
Binance TAOUSDT+0.0100%4h311.30+0.231%$89.3M$499.3M75xas long as short
Bybit TAOUSDT+0.0100%4h311.29+0.228%$67.0M$150.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.20+0.199%$25.9M$120.2M50xas long as short
Gate TAO_USDT+0.0100%4h311.00+0.135%$13.0M$49.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h311.34+0.244%$101.1M$144.4M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.23+0.209%$17.7M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h310.99+0.132%$34.8M$56.6M50xas long as short
BingX TAO-USDT+0.0100%4h311.23+0.209%—$33.2M—as long as short
edgeX TAOUSDC+0.0100%4h312.19+0.519%$41K$314K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h311.95+0.439%$529K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.85+0.408%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h310.52−0.020%$82K$870K5xas long as short
Bullet TAO-USD+0.0100%1h310.64+0.019%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h310.52−0.020%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h310.32−0.084%$108K$537K20xas long as short
Aevo TAO-PERP+0.0104%1h310.71+0.040%$171K$9983xas long as short
Orderly PERP_TAO_USDC+0.0114%4h310.49−0.029%$52K$270K10xas long as short
Aster TAOUSDT+0.0115%4h311.09+0.165%$1.2M$10.4M50xas long as short
Bulk TAO-USD+0.0125%1h311.89+0.421%$166K$33310xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0141% / S +0.0131%1h310.23−0.112%$414K—100xas long as short
Paradex TAO-USD-PERP+0.0143%8h310.71+0.042%$14K$1K10xas long as short
Extended TAO-USD+0.0200%1h311.19+0.196%$908K$2.4M25xas long as short
Arcus TAO-USD+0.0231%1h311.18+0.193%$101K$394K5xas long as short
Hyperliquid TAO+0.0254%1h311.35+0.247%$91.3M$107.3M5xas long as short
Nado TAO-PERP+0.0284%1h310.57−0.002%$789K$2.2M10xas long as short
Variational Omni TAO+0.0324%4h312.10+0.489%$5.5M$10.0M—as long as short
BloFin TAO-USDT+0.0340%4h311.44+0.276%$4.5M$10.7M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0354%1h310.57−0.003%$21K$1.8M25xas long as short
Backpack TAO_USDC_PERP+0.0411%1h311.14+0.180%$309K$906K10xas long as short
01 Exchange TAOUSD+0.0432%1h310.69+0.035%$3K$4K5xas long as short
Lighter TAO+0.0448%1h311.45+0.279%$1.5M$6.5M5xas long as short
Phoenix TAO+0.0457%1h312.50+0.618%$311K$711K5xas long as short
Reya TAORUSDPERP+0.0697%1h310.45−0.042%$357—20xas long as short
RISEx TAO/USDC+0.0816%1h310.67+0.029%$436K$658K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h311.25+0.215%$1.5M$6.8M50xas long as short
Phemex TAOUSDT+0.1108%4h310.68+0.032%$3.2M$8.0M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.38+2.189%$23K$2K12xas long as short