Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h +0.112%
Price spread now: Lighter against KuCoin+0.083%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.209%+$21 on $10k
Price spread, last 7 days−0.104%−$10 · spread now +0.083%, 7d avg +0.038%
Together, before fees+0.105%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.045% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.209% in total (about 10.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM315.720.0100pay 0.0050% / 4h1h 07m$17.6M$31.7M75x
ShortLighter TAO315.980.0720get 0.0090% / 1h7m 00s$1.6M$6.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$130.2
Price spread: +0.083% → +0.038%
$4.55
Slippage, 4 orders
−$36.38
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$86.37
Costs to cover
0.484%
Break-even
2.4 days
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago1.73 bp17.8 bp −$1826.3 bp −$263doesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago3.01 bp6.1 bp −$620.3 bp −$203doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1916%1h325.17+2.993%$172K$1K10xas long as short
dYdX TAO-USD0.0000%1h316.57+0.269%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.80+0.025%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h316.40+0.215%$40K$686K20xas long as short
Binance TAOUSDT+0.0100%4h316.09+0.117%$91.9M$490.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.90+0.057%$26.0M$119.8M50xas long as short
Gate TAO_USDT+0.0100%4h315.40−0.101%$12.9M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h315.78+0.019%$104.5M$144.1M300xas long as short
KuCoin TAOUSDTMlong+0.0100%4h315.72long leg$17.6M$31.7M75x
Bitget TAOUSDT+0.0100%4h315.52−0.063%$35.4M$56.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h317.23+0.477%$36K$302K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.05+0.105%$88K$797K5xas long as short
SunX TAO-USDT+0.0100%4h315.83+0.035%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h316.56+0.266%$109K$529K20xas long as short
Aevo TAO-PERP+0.0104%1h315.84+0.036%$173K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h316.20+0.152%$673$780K5xas long as short
Orderly PERP_TAO_USDC+0.0127%4h315.50−0.070%$57K$275K10xas long as short
Bullet TAO-USD+0.0151%1h316.43+0.225%$12K$18K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0156% / S +0.0112%1h315.96+0.075%$428K—100xas long as short
GRVT TAO_USDT_Perp+0.0178%4h317.27+0.491%$528K$965K10xas long as short
Phemex TAOUSDT+0.0191%4h315.50−0.070%$3.2M$8.1M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0205%1h315.35−0.117%$15K$1.6M25xas long as short
Paradex TAO-USD-PERP+0.0243%8h316.82+0.349%$14K$1K10xas long as short
Kraken Futures PF_TAOUSD+0.0249%1h315.26−0.145%$5.6M$20.8M50xas long as short
Aster TAOUSDT+0.0278%4h315.56−0.049%$1.2M$10.1M50xas long as short
BloFin TAO-USDT+0.0340%4h315.76+0.013%$4.5M$10.9M100xas long as short
ApeX Omni TAOUSDT+0.0349%1h316.96+0.393%$47K$252K50xas long as short
BingX TAO-USDT+0.0386%4h315.76+0.013%—$30.4M—as long as short
Bybit TAOUSDT+0.0392%4h316.22+0.158%$69.3M$146.2M50xas long as short
Pacifica TAO+0.0448%1h316.58+0.272%$372K$413K10xas long as short
Phoenix TAO+0.0504%1h317.70+0.627%$332K$707K5xas long as short
Arcus TAO-USD+0.0509%1h316.90+0.374%$100K$488K5xas long as short
Nado TAO-PERP+0.0581%1h316.11+0.123%$821K$2.2M10xas long as short
Extended TAO-USD+0.0616%1h315.60−0.038%$927K$2.4M25xas long as short
01 Exchange TAOUSD+0.0664%1h316.69+0.307%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0696%1h316.07+0.112%$363—20xas long as short
Lighter TAOshort+0.0720%1h315.98+0.083%$1.6M$6.4M5x
Variational Omni TAO+0.0799%4h316.62+0.286%$5.9M$9.8M—as long as short
Backpack TAO_USDC_PERP+0.0844%1h315.82+0.032%$314K$927K10xas long as short
Hyperliquid TAO+0.0976%1h315.95+0.073%$95.4M$104.1M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h317.44+0.545%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.1159%1h316.67+0.302%$437K$661K5xas long as short
Injective TAO/USDC PERP+0.4172%1h321.62+1.869%$23K$2K12xas long as short