Funding you earn now, next payment 00:00 UTC+0.1222%/8h= +133.8% APRnext payment +$1.53 per $10,000 · paid last 24h +0.067%
Price spread now: Lighter against Arcus−0.271%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 3 days (all we have)+0.135%+$14 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.271%, 7d avg 0.000%
=Together, before fees+0.348%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.270% cheaper against Arcus than usual: you would sell low and buy high (spread −0.271% now, against its 7-day average of 0.000%). If the spread goes back, that is −$27 on $10k: about 18 hours of funding at the current rate (+$37 a day). At the pace of the last 3 days (+0.135% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.135% in total (about 14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.53 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 | Arcus TAO-USD | 314.10 | 0.0186 | pay 0.0023% / 1h | 42m 09s | $83K | $626K | 5x |
| Short | Lighter TAO | 313.25 | 0.1408 | get 0.0176% / 1h | 42m 09s | $1.6M | $5.8M | 5x |
Arcus TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- $256.6
- Price spread: −0.271% → 0.000%
- −$27.05
- Slippage, 4 orders
- −$36.58
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $188.46
- Costs to cover
- 0.411%
- Break-even
- 1.9 days
Slippage from Arcus: live order book, 37 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 37 min ago | 3.43 bp | 12.8 bp −$13 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 3.69 bp | 7.5 bp −$8 | 22.9 bp −$229 | 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 | −0.4722% | 1h | 314.01 | −0.028% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.81 | −0.093% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.75 | −0.431% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.092% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.64 | −0.146% | $41K | $551K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.93 | −0.054% | $372K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.32 | −0.568% | $88.3M | $424.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.32 | −0.567% | $61.2M | $123.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.20 | −0.605% | $25.1M | $100.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.60 | −0.478% | $12.7M | $49.2M | 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 | 312.73 | −0.436% | $120.2M | $127.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.80 | −0.414% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.17 | −0.614% | $34.8M | $46.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.36 | −0.554% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.83 | −0.403% | $40K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.31 | −0.250% | $528K | $948K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.73 | −0.436% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.61 | −0.474% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.02 | −0.025% | $128K | $395K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.63 | −0.468% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.87 | −0.393% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.47 | −0.201% | $2K | $541K | 5x | as long as short |
| Bullet TAO-USD | +0.0133% | 1h | 313.31 | −0.252% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0152% | 1h | 313.77 | −0.105% | $77K | $521K | 5x | as long as short |
| Arcus TAO-USDlong | +0.0186% | 1h | 314.10 | long leg | $83K | $626K | 5x | |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | −0.196% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0190% | 8h | 314.03 | −0.023% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0210% | 4h | 312.70 | −0.447% | $1.1M | $7.9M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0216% | 1h | 312.82 | −0.407% | $19K | $1.4M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0226% | 1h | 312.79 | −0.417% | $47K | $270K | 50x | as long as short |
| BloFin TAO-USDT | +0.0351% | 4h | 312.54 | −0.497% | $4.3M | $10.2M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 312.75 | −0.430% | $5.8M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 312.74 | −0.433% | $450K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0513% | 1h | 313.62 | −0.154% | $833K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | −0.478% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0570% | 1h | 312.50 | −0.509% | $300K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.37 | −0.232% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 313.89 | −0.067% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0872% | 1h | 312.68 | −0.452% | $863K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 314.64 | +0.172% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.84 | −0.083% | $432K | $536K | 5x | as long as short |
| Lighter TAOshort | +0.1408% | 1h | 313.25 | −0.271% | $1.6M | $5.8M | 5x | |
| Hyperliquid TAO | +0.1981% | 1h | 312.80 | −0.414% | $97.4M | $83.3M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO