TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.109%

Price spread now: Arcus against Lighter+0.064%7-day average +0.002% · 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−$29as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.178%−$18 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.064%, 7d avg +0.002%

Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.062% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	314.92	0.0344	pay 0.0043% / 1h	14m 13s	$1.5M	$6.5M	5x
Short	Arcus TAO-USD	315.12	0.0345	get 0.0043% / 1h	14m 13s	$99K	$438K	5x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ArcusbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0.3
Price spread: +0.064% → +0.002%: $6.2
Slippage, 4 orders: −$30.67
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$28.67
Costs to cover: 0.352%
Break-even: 669.2 days

Slippage from Lighter: live order book, 4 min ago; Arcus: live order book, 44 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, 4 min ago	1.09 bp	6.6 bp −$7	16.8 bp −$168	doesn't fit	doesn't fit
Sell Arcus live order book, 44 min ago	9.98 bp	12.5 bp −$12	25.9 bp −$259	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
dYdX TAO-USD	0.0000%	1h	314.54	−0.120%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.49	−0.137%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.59	−0.105%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.84	−0.025%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.71	−0.066%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.67	−0.079%	$90.9M	$495.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.77	−0.047%	$67.7M	$148.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	−0.070%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.197%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.60	−0.101%	$110.6M	$144.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.55	−0.117%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.40	−0.165%	$35.1M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.57	−0.111%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.19	+0.086%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.53	+0.195%	$522K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.11	+0.061%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.60	−0.101%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.72	−0.063%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.75	−0.054%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.63	−0.409%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.61	−0.098%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	−0.076%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.71	−0.065%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.59	−0.104%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.46	−0.147%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0157%	8h	314.97	+0.017%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0176%	4h	314.69	−0.071%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.49	−0.136%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0215%	1h	314.71	−0.067%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0266%	1h	314.82	−0.030%	$92.6M	$106.5M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	314.92	0.000%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.96	+0.013%	$4.6M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0344%	1h	314.73	−0.060%	$315K	$913K	10x	as long as short
Lighter TAOlong	+0.0344%	1h	314.92	long leg	$1.5M	$6.5M	5x
Arcus TAO-USDshort	+0.0345%	1h	315.12	+0.064%	$99K	$438K	5x
Deribit TAO_USDC-PERPETUAL	+0.0354%	1h	314.62	−0.094%	$23K	$1.7M	25x	as long as short
Pacifica TAO	+0.0365%	1h	314.82	−0.031%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.080%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.153%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.76	−0.052%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.85	−0.023%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.381%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.039%	$23K	$2K	12x	as long as short