Funding you earn now, next payment 23:00 UTC+0.0680%/8h= +74.5% APRnext payment +$0.85 per $10,000 · paid last 24h +0.081%
Price spread now: Kraken Futures against Lighter−0.016%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.016%, 7d avg −0.026%
=Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.85 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 | Lighter TAO | 306.00 | 0.0352 | pay 0.0044% / 1h | 14m 28s | $1.6M | $5.4M | 5x |
| Short | Kraken Futures PF_TAOUSD | 305.95 | 0.1032 | get 0.0129% / 1h | 14m 28s | $5.8M | $19.6M | 50x |
Lighter TAO
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $142.89
- Price spread: −0.016% → −0.026%
- $1.01
- Slippage, 4 orders
- −$23.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $109.97
- Costs to cover
- 0.339%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 8 min ago; Kraken Futures: live order book, 5 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, 8 min ago | 1.52 bp | 6.4 bp −$6 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 4.91 bp | 10.5 bp −$10 | 34.4 bp −$344 | 114.2 bp −$11.4K | 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 −0.0004% | 1h | 305.64 | −0.119% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0014% | 1h | 305.66 | −0.113% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.70 | −0.099% | $45K | $539K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 305.73 | −0.088% | $85.5M | $414.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 305.86 | −0.046% | $59.3M | $121.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.80 | −0.066% | $24.6M | $95.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 305.88 | −0.040% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 302.77 | −1.056% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.60 | −0.131% | $12.2M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 305.85 | −0.050% | $113.7M | $125.8M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 305.79 | −0.069% | $18.2M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.61 | −0.128% | $34.1M | $45.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.70 | −0.099% | — | $30.3M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.77 | −0.077% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.94 | −0.021% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.70 | −0.098% | $505K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.91 | −0.030% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 305.82 | −0.059% | $75K | $556K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 305.84 | −0.053% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.72 | −0.092% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.73 | −0.089% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 305.93 | −0.024% | $122K | $368K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.86 | −0.046% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.88 | −0.038% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 305.69 | −0.102% | $625 | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0119% | 4h | 305.70 | −0.100% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0154% | 8h | 305.58 | −0.137% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 305.80 | −0.066% | $361K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.58 | −0.137% | $436K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0275% | 1h | 305.79 | −0.069% | $19K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0325% | 1h | 305.66 | −0.111% | $825K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 305.68 | −0.105% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAOlong | +0.0352% | 1h | 306.00 | long leg | $1.6M | $5.4M | 5x | |
| 01 Exchange TAOUSD | +0.0408% | 1h | 305.74 | −0.086% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0451% | 1h | 306.15 | +0.048% | $294K | $800K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 306.20 | +0.065% | $320K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 305.72 | −0.094% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0736% | 1h | 305.57 | −0.140% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 306.04 | +0.012% | $1.5M | $5.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.1032% | 1h | 305.95 | −0.016% | $5.8M | $19.6M | 50x | |
| Hyperliquid TAO | +0.1086% | 1h | 306.22 | +0.071% | $93.2M | $80.7M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 305.80 | −0.065% | $416K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.891% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
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
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP