Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h 0.000%
Price spread now: Katana Perps against Orderly+0.048%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.048%, 7d avg +0.016%
=The price spread pays, funding is against you. Katana Perps is 0.032% dearer against Orderly than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days. Mind the row above: over the last 4 days funding on this pair paid +0.143%, 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 | Orderly PERP_TAO_USDC | 313.57 | 0.0122 | pay 0.0061% / 4h | 2h 46m | $52K | $290K | 10x |
| Short | Katana Perps TAO-USD | 313.72 | 0.0100 | get 0.0100% / 8h | 2h 46m | $1K | $888K | 5x |
Orderly PERP_TAO_USDC
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Orderly. 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
- −$4.69
- Price spread: +0.048% → +0.016%
- $3.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$11.33
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Orderly and 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 313.35 | −0.071% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.42 | −0.047% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USDshort | +0.0100% | 8h | 313.72 | +0.048% | $1K | $888K | 5x | |
| Binance TAOUSDT | +0.0100% | 4h | 313.69 | +0.038% | $89.7M | $505.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.70 | +0.041% | $26.2M | $122.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.40 | −0.054% | $13.7M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.75 | +0.057% | $104.9M | $144.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.67 | +0.032% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.46 | −0.035% | $35.3M | $56.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.37 | −0.065% | $41K | $315K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.52 | −0.016% | $81K | $909K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.51 | −0.019% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.20 | −0.118% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.69 | +0.038% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0122% | 4h | 313.57 | long leg | $52K | $290K | 10x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0132% / S +0.0137% | 1h | 313.32 | −0.080% | $420K | — | 100x | as long as short |
| Bulk TAO-USD | +0.0138% | 1h | 312.42 | −0.366% | $166K | $333 | 10x | as long as short |
| Aster TAOUSDT | +0.0162% | 4h | 313.75 | +0.057% | $1.3M | $10.5M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.92 | +0.111% | $357K | $419K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 313.88 | +0.099% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0252% | 1h | 313.76 | +0.060% | $780K | $2.2M | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0255% | 1h | 312.72 | −0.271% | $46K | $255K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0260% | 4h | 313.21 | −0.113% | $532K | $942K | 10x | as long as short |
| Popdex TAOUSDT | +0.0288% | 1h | 313.87 | +0.096% | $49K | $662K | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0304% | 1h | 313.98 | +0.129% | $5.7M | $21.1M | 50x | as long as short |
| Phemex TAOUSDT | +0.0314% | 4h | 313.65 | +0.026% | $3.2M | $7.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0331% | 1h | 313.74 | +0.054% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.60 | +0.010% | $4.5M | $10.8M | 100x | as long as short |
| BingX TAO-USDT | +0.0384% | 4h | 313.75 | +0.057% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0390% | 4h | 313.71 | +0.045% | $5.5M | $10.1M | — | as long as short |
| Bybit TAOUSDT | +0.0394% | 4h | 313.81 | +0.077% | $68.1M | $151.3M | 50x | as long as short |
| Extended TAO-USD | +0.0400% | 1h | 313.72 | +0.048% | $905K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0423% | 1h | 313.54 | −0.008% | $11K | $1.8M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 314.07 | +0.159% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | −0.086% | $312K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.67 | +0.032% | $361 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0743% | 1h | 313.96 | +0.124% | $91.8M | $108.5M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0799% | 1h | 313.84 | +0.086% | $310K | $886K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0800% | 1h | 314.30 | +0.233% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0888% | 1h | 313.90 | +0.105% | $1.5M | $6.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.47 | +0.287% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.89 | +0.102% | $452K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +0.797% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
ApeX Omni TAOUSDT
GRVT TAO_USDT_Perp
Popdex TAOUSDT
Kraken Futures PF_TAOUSD
Phemex TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Phoenix TAO
Reya TAORUSDPERP
Hyperliquid TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP