Funding you earn now, next payment 09:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.100%
Price spread now: Kraken Futures against RISEx+0.362%81s7-day average +0.035% · 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—prices read too far apart to compare
costs, in and out, $10k−$480.478% of the position
Funding, last 4 days (all we have)−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.362%, 7d avg +0.035%
=The price spread pays, funding is against you. Kraken Futures is 0.327% dearer against RISEx than usual: you sell high and buy low (spread +0.362% now, against its 7-day average of +0.035%): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 4 days (−0.280% in total) that is about 4.4 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx TAO/USDC | 318.31 | 0.0840 | pay 0.0105% / 1h | 20m 41s | $453K | $706K | 5x |
| Short | Kraken Futures PF_TAOUSD | 319.47 | 0.0779 | get 0.0097% / 1h | 20m 41s | $6.1M | $21.2M | 50x |
RISEx TAO/USDC
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against RISEx. 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
- −$12.76
- Price spread: +0.362% → +0.035%
- $32.68
- Slippage, 4 orders
- −$31.84
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$27.92
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 13 min ago; Kraken Futures: live order book, 3 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 RISEx live order book, 13 min ago | 2.70 bp | 5.9 bp −$6 | 32.7 bp −$327 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 9.45 bp | 16.3 bp −$16 | 25.8 bp −$258 | 141.8 bp −$14.2K | 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 −0.0003% | 1h | 318.70 | +0.120% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.27 | +0.300% | $49K | $699K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 319.74 | +0.448% | $69.9M | $155.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.50 | +0.372% | $26.6M | $130.9M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.14 | −0.997% | $167K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.40 | +0.341% | $15.2M | $50.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.64 | +0.416% | $17.7M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.37 | +0.332% | $36.1M | $57.0M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.85 | +0.168% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.29 | +0.306% | $1K | $1.9M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 319.10 | +0.247% | $116K | $573K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.17 | +0.269% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.61 | +0.407% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0127% | 8h | 319.38 | +0.335% | $2K | $1.2M | 5x | as long as short |
| edgeX TAOUSDC | +0.0141% | 4h | 318.39 | +0.024% | $42K | $321K | 10x | as long as short |
| BingX TAO-USDT | +0.0142% | 4h | 319.63 | +0.413% | — | $38.9M | — | as long as short |
| MEXC TAO_USDT | +0.0160% | 4h | 319.70 | +0.435% | $111.2M | $153.6M | 300x | as long as short |
| Binance TAOUSDT | +0.0166% | 4h | 319.61 | +0.407% | $93.1M | $522.4M | 75x | as long as short |
| Orderly PERP_TAO_USDC | +0.0231% | 4h | 319.65 | +0.419% | $54K | $293K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0243% | 8h | 319.75 | +0.451% | $15K | $876 | 10x | as long as short |
| dYdX TAO-USD | +0.0271% | 1h | 318.81 | +0.156% | $128K | $88K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0282% | 1h | 318.62 | +0.096% | $45K | $257K | 50x | as long as short |
| Bullet TAO-USD | +0.0288% | 1h | 319.43 | +0.351% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0332% | 4h | 317.64 | −0.212% | $538K | $838K | 10x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 319.66 | +0.423% | $1.2M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 319.66 | +0.421% | $368K | $445K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0367% / S −0.0109% | 1h | 319.01 | +0.218% | $378K | — | 100x | as long as short |
| Extended TAO-USD | +0.0400% | 1h | 319.46 | +0.358% | $899K | $2.3M | 25x | as long as short |
| BloFin TAO-USDT | +0.0401% | 4h | 319.50 | +0.372% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.74 | +0.448% | $101K | $360K | 5x | as long as short |
| Nado TAO-PERP | +0.0443% | 1h | 319.17 | +0.269% | $773K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0567% | 1h | 319.68 | +0.429% | $94.9M | $109.1M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0578% | 1h | 319.61 | +0.405% | $9K | $1.9M | 25x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.20 | +0.278% | $321K | $714K | 5x | as long as short |
| Variational Omni TAO | +0.0616% | 4h | 319.30 | +0.309% | $5.6M | $10.0M | — | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 319.80 | +0.467% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0680% | 1h | 319.62 | +0.409% | $1.6M | $6.7M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.19 | +0.275% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0743% | 1h | 319.49 | +0.369% | $315K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0779% | 1h | 319.47 | +0.362% | $6.1M | $21.2M | 50x | |
| RISEx TAO/USDClong | +0.0840% | 1h | 318.31 | long leg | $453K | $706K | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.75 | +0.451% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.171% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
edgeX TAOUSDC
BingX TAO-USDT
MEXC TAO_USDT
Binance TAOUSDT
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
dYdX TAO-USD
ApeX Omni TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Variational Omni TAO
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP