Funding you earn now, next payment 07:00 UTC−0.0191%/8h= −20.9% APRnext payment −$0.24 per $10,000 · paid last 24h −0.117%
Price spread now: Arcus against Lighter+0.120%7-day average +0.003% · 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−$25as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Funding, last 4 days (all we have)−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.120%, 7d avg +0.003%
=Together, before fees−0.276%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.118% dearer against Lighter than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.003%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TAO | 319.75 | 0.0832 | pay 0.0104% / 1h | 34m 14s | $1.5M | $6.7M | 5x |
| Short | Arcus TAO-USD | 320.13 | 0.0641 | get 0.0080% / 1h | 34m 14s | $103K | $394K | 5x |
Lighter TAO
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- −$40.01
- Price spread: +0.120% → +0.003%
- $11.79
- Slippage, 4 orders
- −$32.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$64.88
- Costs to cover
- 0.367%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Arcus: live order book, 9 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 Lighter live order book, 9 min ago | 1.63 bp | 4.1 bp −$4 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 9 min ago | 3.28 bp | 14.8 bp −$15 | 28.2 bp −$282 | 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 | −0.2019% | 1h | 319.65 | −0.030% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 318.54 | −0.376% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.67 | −0.335% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.09 | −0.205% | $42K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.10 | +0.111% | $26.7M | $129.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.70 | −0.327% | $14.2M | $51.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.95 | −0.249% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.80 | −0.296% | $35.8M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.10 | −0.202% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.80 | −0.296% | $80K | $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 | 318.67 | −0.336% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.59 | −0.361% | $118K | $589K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 318.99 | −0.236% | $724 | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0119% / S +0.0148% | 1h | 318.97 | −0.243% | $426K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.10 | −0.202% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 318.93 | −0.255% | $53K | $292K | 10x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 319.77 | +0.008% | $105.1M | $149.8M | 300x | as long as short |
| edgeX TAOUSDC | +0.0159% | 4h | 319.21 | −0.166% | $42K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0161% | 4h | 319.41 | −0.106% | $92.4M | $528.4M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0258% | 8h | 319.18 | −0.175% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0316% | 4h | 319.00 | −0.233% | $1.3M | $10.9M | 50x | as long as short |
| Phemex TAOUSDT | +0.0322% | 4h | 319.12 | −0.195% | $3.2M | $8.1M | 50x | as long as short |
| Bybit TAOUSDT | +0.0351% | 4h | 319.94 | +0.061% | $69.9M | $155.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0370% | 4h | 318.81 | −0.292% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0379% | 1h | 318.99 | −0.236% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0388% | 4h | 318.88 | −0.270% | $543K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0399% | 4h | 318.66 | −0.339% | $4.7M | $11.0M | 100x | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 319.01 | −0.231% | $912K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.09 | −0.206% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 318.75 | −0.311% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.70 | −0.014% | $318K | $709K | 5x | as long as short |
| Nado TAO-PERP | +0.0606% | 1h | 318.84 | −0.282% | $795K | $2.1M | 10x | as long as short |
| Hyperliquid TAO | +0.0610% | 1h | 318.97 | −0.242% | $94.3M | $110.2M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0616% | 1h | 318.99 | −0.235% | $10K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0624% | 1h | 319.37 | −0.117% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USDshort | +0.0641% | 1h | 320.13 | +0.120% | $103K | $394K | 5x | |
| Backpack TAO_USDC_PERP | +0.0673% | 1h | 319.27 | −0.149% | $297K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.94 | −0.251% | $367 | — | 20x | as long as short |
| Lighter TAOlong | +0.0832% | 1h | 319.75 | long leg | $1.5M | $6.7M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.89 | +0.358% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.13 | −0.193% | $456K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.23 | −0.163% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.215% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Phemex TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Nado TAO-PERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP