Funding you earn now, next payment 00:00 UTC+0.0775%/8h= +84.8% APRnext payment +$0.97 per $10,000 · paid last 24h −0.069%
Price spread now: Lighter against Kraken Futures+0.143%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.143%, 7d avg +0.020%
=Together, before fees−0.234%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.123% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 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 | Kraken Futures PF_TAOUSD | 312.57 | 0.0449 | pay 0.0056% / 1h | 21m 09s | $5.7M | $19.9M | 50x |
| Short | Lighter TAO | 313.02 | 0.1224 | get 0.0153% / 1h | 21m 09s | $1.6M | $5.8M | 5x |
Kraken Futures PF_TAOUSD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $162.66
- Price spread: +0.143% → +0.020%
- $12.26
- Slippage, 4 orders
- −$31.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $133.41
- Costs to cover
- 0.415%
- Break-even
- 1.3 days
Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 7 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 Kraken Futures live order book, 3 min ago | 7.08 bp | 16.3 bp −$16 | 29.5 bp −$295 | 95.7 bp −$9,567 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.98 bp | 6.1 bp −$6 | 21.3 bp −$213 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.4493% | 1h | 315.57 | +0.960% | $169K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.35 | −0.071% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.41 | −0.052% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.761% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.87 | +0.096% | $37K | $564K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.76 | +0.061% | $370K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.63 | +0.019% | $88.7M | $427.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.76 | +0.061% | $61.5M | $125.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.40 | −0.054% | $25.1M | $101.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.40 | −0.054% | $12.4M | $50.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.58 | +0.003% | $110.2M | $131.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.65 | +0.026% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.24 | −0.106% | $34.9M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.58 | +0.003% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.343% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.50 | −0.022% | $518K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.35 | −0.390% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.94 | +0.118% | $77K | $466K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.74 | +0.054% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.54 | −0.010% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.48 | −0.029% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.58 | +0.003% | $127K | $408K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.61 | +0.013% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.70 | +0.040% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.90 | +0.106% | $3K | $557K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0150% | 1h | 312.51 | −0.021% | $21K | $1.5M | 25x | as long as short |
| Aster TAOUSDT | +0.0177% | 4h | 312.60 | +0.009% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.04 | +0.150% | $83K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0192% | 8h | 312.74 | +0.054% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0218% | 4h | 312.89 | +0.103% | $3.9M | $7.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.70 | +0.042% | $4.4M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0446% | 1h | 312.68 | +0.036% | $823K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0449% | 1h | 312.57 | long leg | $5.7M | $19.9M | 50x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 312.42 | −0.049% | $448K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0521% | 1h | 312.60 | +0.010% | $292K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.50 | −0.022% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0600% | 1h | 313.16 | +0.189% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.73 | +0.052% | $360 | — | 20x | as long as short |
| Extended TAO-USD | +0.0856% | 1h | 312.51 | −0.018% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.224% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAOshort | +0.1224% | 1h | 313.02 | +0.143% | $1.6M | $5.8M | 5x | |
| RISEx TAO/USDC | +0.1238% | 1h | 312.95 | +0.123% | $435K | $567K | 5x | as long as short |
| Hyperliquid TAO | +0.1660% | 1h | 313.00 | +0.138% | $97.5M | $84.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
BloFin TAO-USDT
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO