Funding you earn now, next payment 08:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.139%
Price spread now: KuCoin against Lighter−0.211%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$450.445% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days+0.225%+$22 · spread now −0.211%, 7d avg −0.040%
=Together, before fees−0.006%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and KuCoin is 0.170% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TAO | 319.19 | 0.0632 | pay 0.0079% / 1h | 6m 52s | $1.6M | $6.9M | 5x |
| Short | KuCoin TAOUSDTM | 318.52 | 0.0100 | get 0.0050% / 4h | 6m 52s | $17.9M | $32.5M | 75x |
Lighter TAO
KuCoin TAOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$111.72
- Price spread: −0.211% → −0.040%
- −$17.04
- Slippage, 4 orders
- −$32.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$173.3
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; KuCoin: live order book, 2 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, 6 min ago | 2.27 bp | 3.6 bp −$4 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.72 bp | 16.1 bp −$16 | 33.9 bp −$339 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 318.64 | −0.175% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0066% | 1h | 318.86 | −0.104% | $128K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.23 | +0.012% | $49K | $716K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.60 | −0.186% | $26.5M | $132.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.40 | −0.248% | $14.8M | $52.4M | 50x | as long as short |
| KuCoin TAOUSDTMshort | +0.0100% | 4h | 318.52 | −0.211% | $17.9M | $32.5M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 318.39 | −0.252% | $35.9M | $58.1M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.02 | −0.054% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.73 | −0.145% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.08 | −0.349% | $116K | $592K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC] | L +0.0103% / S +0.0137% | 1h | 318.64 | −0.174% | $411K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 318.98 | −0.067% | $653 | $1.2M | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0121% | 1h | 319.65 | +0.143% | $46K | $259K | 50x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.08 | −0.034% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0180% | 4h | 318.97 | −0.070% | $52K | $295K | 10x | as long as short |
| edgeX TAOUSDC | +0.0189% | 4h | 319.75 | +0.173% | $42K | $319K | 10x | as long as short |
| MEXC TAO_USDT | +0.0194% | 4h | 318.76 | −0.136% | $104.3M | $152.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0195% | 4h | 318.74 | −0.142% | $93.2M | $533.7M | 75x | as long as short |
| Bulk TAO-USD | +0.0217% | 1h | 317.92 | −0.397% | $169K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 319.00 | −0.061% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0278% | 4h | 318.67 | −0.164% | — | $37.4M | — | as long as short |
| Bybit TAOUSDT | +0.0285% | 4h | 318.79 | −0.126% | $70.1M | $157.2M | 50x | as long as short |
| Bullet TAO-USD | +0.0306% | 1h | 319.06 | −0.042% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 319.00 | −0.060% | $374K | $465K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0318% | 4h | 319.67 | +0.148% | $544K | $896K | 10x | as long as short |
| Aster TAOUSDT | +0.0356% | 4h | 318.78 | −0.129% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0392% | 1h | 318.61 | −0.184% | $906K | $2.4M | 25x | as long as short |
| Phemex TAOUSDT | +0.0434% | 4h | 318.88 | −0.098% | $3.2M | $8.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0435% | 4h | 319.14 | −0.017% | $4.7M | $11.0M | 100x | as long as short |
| Nado TAO-PERP | +0.0467% | 1h | 319.13 | −0.019% | $782K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 319.46 | +0.084% | $101K | $384K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0562% | 1h | 318.93 | −0.082% | $15K | $1.9M | 25x | as long as short |
| Variational Omni TAO | +0.0568% | 4h | 319.84 | +0.203% | $5.6M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 319.90 | +0.221% | $322K | $703K | 5x | as long as short |
| Lighter TAOlong | +0.0632% | 1h | 319.19 | long leg | $1.6M | $6.9M | 5x | |
| 01 Exchange TAOUSD | +0.0688% | 1h | 319.56 | +0.115% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.06 | −0.043% | $367 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0699% | 1h | 319.13 | −0.020% | $94.5M | $110.1M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0706% | 1h | 319.11 | −0.026% | $417K | $969K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0831% | 1h | 319.06 | −0.042% | $6.0M | $21.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 319.19 | −0.002% | $452K | $662K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 319.76 | +0.178% | $1.3M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.44 | +1.017% | $23K | $2K | 12x | as long as short |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
ApeX Omni TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Bulk TAO-USD
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
Extended TAO-USD
Phemex TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Hyperliquid TAO
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP