Funding you earn now, next payment 08:00 UTC+0.0731%/8h= +80.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.092%
Price spread now: Kraken Futures against Popdex+0.270%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 4 days (all we have)+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.270%, 7d avg +0.051%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Kraken Futures is 0.219% dearer against Popdex than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.051%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.240% in total (about 23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 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 | Popdex TAOUSDT | 319.68 | 0.0096 | pay 0.0012% / 1h | 10m 01s | $47K | $714K | 20x |
| Short | Kraken Futures PF_TAOUSD | 320.54 | 0.0827 | get 0.0103% / 1h | 10m 01s | $6.0M | $21.7M | 50x |
Popdex TAOUSDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Popdex. 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
- $153.47
- Price spread: +0.270% → +0.051%
- $21.89
- Slippage, 4 orders
- −$38.68
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $120.28
- Costs to cover
- 0.551%
- Break-even
- 1.5 days
Slippage from Popdex: live order book, 29 min ago; Kraken Futures: live order book, 4 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 Popdex live order book, 29 min ago | 2.21 bp | 10.1 bp −$10 | 72.5 bp −$725 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 7.35 bp | 16.1 bp −$16 | 27.5 bp −$275 | 125.2 bp −$12.5K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.93 | +0.079% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0070% | 1h | 319.31 | −0.116% | $128K | $86K | 5x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 319.68 | long leg | $47K | $714K | 20x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | +0.038% | $26.7M | $132.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.90 | +0.069% | $14.9M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.42 | +0.231% | $18.0M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.61 | −0.022% | $36.0M | $58.0M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.74 | +0.019% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 320.01 | +0.103% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.91 | +0.072% | $117K | $602K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC] | L +0.0103% / S +0.0137% | 1h | 319.93 | +0.079% | $412K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 319.55 | −0.041% | $838 | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 320.59 | +0.286% | $176K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0139% | 1h | 319.58 | −0.031% | $46K | $259K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0176% | 4h | 320.34 | +0.206% | $52K | $294K | 10x | as long as short |
| edgeX TAOUSDC | +0.0184% | 4h | 317.44 | −0.701% | $42K | $321K | 10x | as long as short |
| MEXC TAO_USDT | +0.0188% | 4h | 320.15 | +0.147% | $104.7M | $152.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0193% | 4h | 320.02 | +0.106% | $92.6M | $533.7M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 319.56 | −0.037% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0272% | 4h | 320.10 | +0.131% | — | $37.4M | — | as long as short |
| Bybit TAOUSDT | +0.0274% | 4h | 320.01 | +0.103% | $70.4M | $157.2M | 50x | as long as short |
| Bullet TAO-USD | +0.0300% | 1h | 320.36 | +0.212% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 319.56 | −0.036% | $375K | $466K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0322% | 4h | 319.53 | −0.047% | $544K | $907K | 10x | as long as short |
| Phemex TAOUSDT | +0.0352% | 4h | 320.22 | +0.169% | $3.2M | $8.2M | 50x | as long as short |
| Aster TAOUSDT | +0.0356% | 4h | 320.00 | +0.100% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0384% | 1h | 319.73 | +0.017% | $911K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0429% | 4h | 319.96 | +0.088% | $4.7M | $11.0M | 100x | as long as short |
| Nado TAO-PERP | +0.0458% | 1h | 320.42 | +0.232% | $788K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 320.01 | +0.103% | $101K | $384K | 5x | as long as short |
| Variational Omni TAO | +0.0568% | 4h | 319.84 | +0.050% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 319.90 | +0.069% | $321K | $703K | 5x | as long as short |
| Lighter TAO | +0.0632% | 1h | 320.66 | +0.306% | $1.6M | $6.9M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0679% | 1h | 320.46 | +0.245% | $15K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 320.34 | +0.206% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0698% | 1h | 320.27 | +0.185% | $299K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 320.59 | +0.283% | $369 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0709% | 1h | 320.25 | +0.178% | $94.8M | $110.8M | 5x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0827% | 1h | 320.54 | +0.270% | $6.0M | $21.7M | 50x | |
| RISEx TAO/USDC | +0.0831% | 1h | 319.81 | +0.039% | $454K | $662K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.39 | +0.222% | $1.3M | $7.2M | 50x | as long as short |
| Bulk TAO-USD | +0.1572% | 1h | 317.17 | −0.785% | $169K | $0 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | −0.275% | $23K | $2K | 12x | as long as short |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Phemex TAOUSDT
Aster TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
Lighter TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Hyperliquid TAO
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Bulk TAO-USD
Injective TAO/USDC PERP