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

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.139%
Price spread now: Lighter against KuCoin+0.104%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.231%+$23 on $10k
Price spread, last 7 days−0.118%−$12 · spread now +0.104%, 7d avg +0.040%
Together, before fees+0.113%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.064% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.040%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.1% 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 TAOUSDTM317.190.0100pay 0.0050% / 4h33m 37s$17.7M$32.4M75x
ShortLighter TAO317.520.0504get 0.0063% / 1h33m 37s$1.6M$6.9M5x

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
$84.84
Price spread: +0.104% → +0.040%
$6.4
Slippage, 4 orders
−$29.34
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$49.9
Costs to cover
0.413%
Break-even
2.9 days
Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 5 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, 5 min ago1.73 bp18.4 bp −$1830.8 bp −$308doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.87 bp5.3 bp −$519.7 bp −$197doesn'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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h317.06−0.040%$22K—150xas long as short
dYdX TAO-USD+0.0034%1h316.93−0.082%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h317.13−0.019%$44K$712K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.90−0.091%$26.4M$130.4M50xas long as short
Gate TAO_USDT+0.0100%4h316.90−0.091%$14.5M$51.4M50xas long as short
KuCoin TAOUSDTMlong+0.0100%4h317.19long leg$17.7M$32.4M75x
Bitget TAOUSDT+0.0100%4h316.86−0.104%$35.7M$58.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h316.70−0.154%$46K$260K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.06−0.041%$88K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h316.94−0.079%$1K$2.0M20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h316.75−0.139%$115K$604K20xas long as short
Katana Perps TAO-USD+0.0107%8h316.90−0.091%$2K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0107% / S +0.0136%1h316.78−0.129%$404K—100xas long as short
Aevo TAO-PERP+0.0120%1h317.29+0.032%$174K$9983xas long as short
Orderly PERP_TAO_USDC+0.0150%4h317.14−0.016%$52K$294K10xas long as short
Binance TAOUSDT+0.0164%4h317.27+0.025%$91.9M$530.9M75xas long as short
MEXC TAO_USDT+0.0166%4h317.24+0.016%$100.3M$151.5M300xas long as short
edgeX TAOUSDC+0.0179%4h316.75−0.139%$42K$319K10xas long as short
Paradex TAO-USD-PERP+0.0234%8h317.21+0.005%$14K$1K10xas long as short
Bullet TAO-USD+0.0254%1h317.44+0.079%$12K$17K20xas long as short
Bybit TAOUSDT+0.0256%4h317.29+0.032%$69.4M$156.7M50xas long as short
BingX TAO-USDT+0.0280%4h317.03−0.050%—$37.0M—as long as short
Pacifica TAO+0.0313%1h317.43+0.076%$372K$452K10xas long as short
Bulk TAO-USD+0.0317%1h319.23+0.643%$170K$010xas long as short
GRVT TAO_USDT_Perp+0.0318%4h317.09−0.031%$541K$918K10xas long as short
Extended TAO-USD+0.0320%1h317.03−0.050%$903K$2.4M25xas long as short
Aster TAOUSDT+0.0324%4h317.26+0.022%$1.3M$11.0M50xas long as short
BloFin TAO-USDT+0.0407%4h316.79−0.126%$4.7M$10.9M100xas long as short
Nado TAO-PERP+0.0473%1h317.06−0.040%$788K$2.0M10xas long as short
Arcus TAO-USD+0.0473%1h317.190.000%$100K$384K5xas long as short
Phemex TAOUSDT+0.0489%4h316.94−0.079%$3.2M$8.2M50xas long as short
Lighter TAOshort+0.0504%1h317.52+0.104%$1.6M$6.9M5x
Deribit TAO_USDC-PERPETUAL+0.0516%1h317.24+0.017%$15K$1.9M25xas long as short
Variational Omni TAO+0.0534%4h316.88−0.097%$5.5M$10.2M—as long as short
Phoenix TAO+0.0629%1h317.20+0.003%$316K$703K5xas long as short
Backpack TAO_USDC_PERP+0.0671%1h317.03−0.050%$292K$906K10xas long as short
01 Exchange TAOUSD+0.0672%1h317.35+0.050%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h317.12−0.021%$365—20xas long as short
Hyperliquid TAO+0.0739%1h317.42+0.073%$93.8M$110.2M5xas long as short
RISEx TAO/USDC+0.0831%1h317.00−0.060%$444K$673K5xas long as short
Kraken Futures PF_TAOUSD+0.0835%1h317.29+0.033%$5.9M$21.6M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.80+0.192%$1.4M$6.9M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.94+1.813%$23K$2K12xas long as short