Funding you earn now, next payment 00:00 UTC+0.0765%/8h= +83.8% APRnext payment +$0.96 per $10,000 · paid last 24h −0.069%
Price spread now: Lighter against Kraken Futures+0.175%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)−0.219%−$22 · spread now +0.175%, 7d avg +0.020%
=Together, before fees−0.266%+ Points / potential airdropLighter: Season 3 · farm board−$27 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 0.155% dearer against Kraken Futures than usual: you sell high and buy low: +$16 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 +$0.96 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 | 311.52 | 0.0451 | pay 0.0056% / 1h | 13m 58s | $5.7M | $19.9M | 50x |
| Short | Lighter TAO | 312.07 | 0.1216 | get 0.0152% / 1h | 13m 58s | $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
- $160.66
- Price spread: +0.175% → +0.020%
- $15.5
- Slippage, 4 orders
- −$39.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $126.61
- Costs to cover
- 0.495%
- Break-even
- 1.5 days
Slippage from Kraken Futures: live order book, 5 min ago; Lighter: live order book, 4 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, 5 min ago | 8.18 bp | 17.8 bp −$18 | 28.8 bp −$288 | 105.5 bp −$10.6K | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.10 bp | 7.1 bp −$7 | 19.8 bp −$198 | 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 | −0.2753% | 1h | 312.56 | +0.333% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.06 | +0.173% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.66 | +0.046% | $20K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +1.101% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.11 | +0.189% | $36K | $573K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.35 | +0.267% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.48 | −0.012% | $88.3M | $428.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.68 | +0.051% | $61.4M | $125.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.70 | +0.058% | $25.0M | $101.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.40 | −0.039% | $12.4M | $50.2M | 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 | 311.44 | −0.026% | $110.3M | $131.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.64 | +0.038% | $18.4M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.46 | −0.019% | $34.8M | $46.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.49 | −0.010% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.79 | +0.088% | $40K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.93 | +0.133% | $517K | $943K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.99 | +0.151% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.27 | +0.241% | $76K | $455K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.02 | +0.160% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 311.50 | −0.007% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.34 | −0.058% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.34 | +0.263% | $127K | $414K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 311.60 | +0.026% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.20 | +0.217% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.10 | +0.186% | $1K | $561K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0138% | 1h | 311.51 | −0.003% | $20K | $1.5M | 25x | as long as short |
| Aster TAOUSDT | +0.0164% | 4h | 311.41 | −0.037% | $1.1M | $7.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0070% | 1h | 311.74 | +0.070% | $444K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0184% | 8h | 312.27 | +0.242% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.48 | +0.308% | $83K | $545K | 5x | as long as short |
| Variational Omni TAO | +0.0210% | 4h | 311.68 | +0.051% | $3.9M | $7.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.88 | +0.115% | $4.4M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0450% | 1h | 312.25 | +0.235% | $820K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0451% | 1h | 311.52 | long leg | $5.7M | $19.9M | 50x | |
| Backpack TAO_USDC_PERP | +0.0510% | 1h | 311.55 | +0.009% | $291K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.00 | +0.154% | $326K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0584% | 1h | 312.41 | +0.286% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.71 | +0.060% | $358 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 311.59 | +0.023% | $854K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.562% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAOshort | +0.1216% | 1h | 312.07 | +0.175% | $1.6M | $5.8M | 5x | |
| RISEx TAO/USDC | +0.1238% | 1h | 312.23 | +0.226% | $413K | $584K | 5x | as long as short |
| Hyperliquid TAO | +0.1588% | 1h | 311.93 | +0.131% | $97.5M | $84.5M | 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
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO