Funding you earn now, next payment 07:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h −0.012%
Price spread now: Katana Perps against Pacifica+0.017%7-day average +0.015% · 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)+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.017%, 7d avg +0.015%
=Together, before fees+0.128%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.129%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.129% in total (about 12.0% a year). A funding rate is set anew for every payment. 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 | Pacifica TAO | 320.28 | 0.0525 | pay 0.0066% / 1h | 47m 29s | $365K | $423K | 10x |
| Short | Katana Perps TAO-USD | 320.34 | 0.0109 | get 0.0109% / 8h | 1h 47m | $1K | $992K | 5x |
Pacifica TAO
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Pacifica. 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
- −$87.28
- Price spread: +0.017% → +0.015%
- $0.23
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$98.85
- Costs to cover
- 0.118%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 61 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 Pacifica live order book, 61 min ago | 2.55 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | 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 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 | −0.2101% | 1h | 320.87 | +0.183% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.84 | −0.140% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.72 | −0.177% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.19 | −0.029% | $41K | $694K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | −0.151% | $26.6M | $128.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.80 | −0.151% | $14.2M | $51.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.10 | −0.057% | $17.5M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.74 | −0.170% | $36.0M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.69 | +0.127% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.90 | −0.120% | $76K | $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 | 320.38 | +0.030% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.91 | −0.117% | $117K | $585K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.74 | +0.142% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USDshort | +0.0109% | 8h | 320.34 | +0.017% | $1K | $992K | 5x | |
| Aevo TAO-PERP | +0.0120% | 1h | 320.81 | +0.166% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 319.84 | −0.139% | $53K | $293K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0122% / S +0.0155% | 1h | 319.66 | −0.195% | $432K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0148% | 4h | 320.71 | +0.134% | $42K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0152% | 4h | 320.03 | −0.079% | $105.0M | $149.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0152% | 4h | 320.04 | −0.076% | $92.7M | $526.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0262% | 8h | 320.07 | −0.067% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0306% | 4h | 320.08 | −0.064% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0373% | 1h | 320.05 | −0.074% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0386% | 4h | 320.04 | −0.076% | — | $34.4M | — | as long as short |
| Bybit TAOUSDT | +0.0389% | 4h | 319.92 | −0.114% | $69.9M | $155.7M | 50x | as long as short |
| BloFin TAO-USDT | +0.0393% | 4h | 320.43 | +0.046% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0424% | 4h | 322.11 | +0.569% | $548K | $948K | 10x | as long as short |
| Extended TAO-USD | +0.0480% | 1h | 320.22 | −0.020% | $914K | $2.4M | 25x | as long as short |
| Pacifica TAOlong | +0.0525% | 1h | 320.28 | long leg | $365K | $423K | 10x | |
| Variational Omni TAO | +0.0536% | 4h | 321.98 | +0.529% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.70 | +0.442% | $320K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0589% | 1h | 320.63 | +0.108% | $14K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0607% | 1h | 320.77 | +0.152% | $319K | $899K | 10x | as long as short |
| Nado TAO-PERP | +0.0636% | 1h | 320.86 | +0.179% | $802K | $2.2M | 10x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.47 | +0.058% | $103K | $394K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 320.52 | +0.074% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0674% | 1h | 320.22 | −0.020% | $94.7M | $110.0M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.97 | −0.098% | $368 | — | 20x | as long as short |
| Lighter TAO | +0.0872% | 1h | 320.51 | +0.070% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.95 | +0.832% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 320.25 | −0.012% | $461K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1151% | 1h | 320.82 | +0.167% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.487% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Nado TAO-PERP
Arcus TAO-USD
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP