Funding you earn now, next payment 12:00 UTC−0.0757%/8h= −82.9% APRpaid last 24h −0.100%
Price spread now: Katana Perps against Kraken Futures−0.001%7-day average −0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.147%−$15 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.001%, 7d avg −0.030%
=The price spread pays, funding is against you. Katana Perps is 0.029% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 4 days (−0.147% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.147% in total (about -13.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TAOUSD | 314.67 | 0.0859 | pay 0.0107% / 1h | 43m 13s | $6.3M | $19.6M | 50x |
| Short | Katana Perps TAO-USD | 314.67 | 0.0102 | get 0.0102% / 8h | 4h 43m | $1K | $1.3M | 5x |
Kraken Futures PF_TAOUSD
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$158.98
- Price spread: −0.001% → −0.030%
- $2.86
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$169.92
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Katana Perps: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 4 min ago | 3.35 bp | 13.8 bp −$14 | 23.2 bp −$232 | 95.1 bp −$9,510 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 exchanges
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 −0.0003% | 1h | 314.29 | −0.121% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.87 | +0.062% | $56K | $633K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.70 | +0.008% | $26.9M | $126.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.50 | −0.055% | $16.2M | $46.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.49 | −0.058% | $17.3M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.54 | −0.043% | $35.6M | $54.1M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.74 | +0.021% | $68K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.60 | −0.024% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.39 | −0.090% | $114K | $550K | 20x | as long as short |
| Katana Perps TAO-USDshort | +0.0102% | 8h | 314.67 | −0.001% | $1K | $1.3M | 5x |
gTrade (Gains Network) 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TAO-USD | +0.0104% | 1h | 314.56 | −0.036% | $927K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 314.70 | +0.008% | $173K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 314.51 | −0.052% | $112.5M | $147.5M | 300x | as long as short |
| edgeX TAOUSDC | +0.0167% | 4h | 313.95 | −0.230% | $42K | $326K | 10x | as long as short |
| Binance TAOUSDT | +0.0167% | 4h | 314.55 | −0.039% | $93.4M | $507.3M | 75x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 314.88 | +0.065% | $382K | $455K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0243% | 1h | 313.88 | −0.252% | $45K | $254K | 50x | as long as short |
| Bullet TAO-USD | +0.0255% | 1h | 314.61 | −0.019% | $12K | $16K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0275% | 4h | 314.54 | −0.043% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0276% | 4h | 314.56 | −0.036% | $535K | $759K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0289% | 8h | 314.87 | +0.063% | $14K | $769 | 10x | as long as short |
| dYdX TAO-USD | +0.0317% | 1h | 314.40 | −0.087% | $265K | $230K | 5x | as long as short |
| Aster TAOUSDT | +0.0360% | 4h | 314.59 | −0.027% | $1.2M | $11.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0373% / S −0.0114% | 1h | 314.23 | −0.141% | $379K | — | 100x | as long as short |
| Bybit TAOUSDT | +0.0377% | 4h | 314.58 | −0.030% | $69.7M | $154.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0388% | 4h | 314.51 | −0.052% | — | $37.8M | — | as long as short |
| Lighter TAO | +0.0400% | 1h | 314.65 | −0.006% | $1.6M | $6.7M | 5x | as long as short |
| Phemex TAOUSDT | +0.0403% | 4h | 314.69 | +0.005% | $3.2M | $8.2M | 50x | as long as short |
| BloFin TAO-USDT | +0.0406% | 4h | 314.73 | +0.018% | $4.8M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0430% | 1h | 314.95 | +0.088% | $654K | $2.0M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0483% | 1h | 314.55 | −0.041% | $22K | $1.9M | 25x | as long as short |
| Hyperliquid TAO | +0.0510% | 1h | 314.93 | +0.081% | $93.9M | $105.7M | 5x | as long as short |
| Arcus TAO-USD | +0.0587% | 1h | 315.02 | +0.110% | $99K | $285K | 5x | as long as short |
| Variational Omni TAO | +0.0619% | 4h | 313.24 | −0.457% | $6.2M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0636% | 1h | 313.90 | −0.246% | $315K | $701K | 5x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 314.72 | +0.016% | $435K | $665K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0700% | 1h | 314.75 | +0.025% | $362 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 314.82 | +0.046% | $1.1M | $7.4M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0752% | 1h | 315.18 | +0.161% | $3K | $2K | 5x | as long as short |
| Bulk TAO-USD | +0.0798% | 1h | 312.16 | −0.799% | $165K | $662 | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0844% | 1h | 314.50 | −0.055% | $299K | $1.1M | 10x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0859% | 1h | 314.67 | long leg | $6.3M | $19.6M | 50x | |
| Injective TAO/USDC PERP | +0.4136% | 1h | 317.23 | +0.812% | $23K | $2K | 12x | as long as short |
Extended TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Pacifica TAO
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
dYdX TAO-USD
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Bybit TAOUSDT
BingX TAO-USDT
Lighter TAO
Phemex TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Hyperliquid TAO
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
RISEx TAO/USDC
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Bulk TAO-USD
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP