Funding you earn now, next payment 02:00 UTC+0.1087%/8h= +119.0% APRnext payment +$1.36 per $10,000 · paid last 24h +0.095%
Price spread now: Lighter against Arcus+0.159%7-day average 0.000% · 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−$33as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 3 days (all we have)+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.159%, 7d avg 0.000%
=Together, before fees−0.018%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Lighter is 0.159% dearer against Arcus than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of 0.000%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.163% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 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 | 315.17 | 0.0337 | pay 0.0042% / 1h | 19m 18s | $99K | $529K | 5x |
| Short | Lighter TAO | 315.67 | 0.1424 | get 0.0178% / 1h | 19m 18s | $1.7M | $6.1M | 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
- $228.31
- Price spread: +0.159% → 0.000%
- $15.9
- Slippage, 4 orders
- −$44.58
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $195.13
- Costs to cover
- 0.491%
- Break-even
- 1.0 days
Slippage from Arcus: live order book, 49 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 Arcus live order book, 49 min ago | 8.37 bp | 14.8 bp −$15 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.51 bp | 6.9 bp −$7 | 25.0 bp −$250 | doesn't fit | doesn't fit |
TAO on 42 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 | 314.46 | −0.225% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.36 | −0.256% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.72 | −0.143% | $43K | $633K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.34 | +0.053% | $90.5M | $467.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.40 | +0.073% | $26.1M | $113.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.40 | −0.244% | $12.8M | $50.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.71 | −0.146% | $111.1M | $139.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.74 | −0.136% | $18.0M | $30.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.29 | +0.038% | $35.2M | $53.7M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.73 | +0.178% | $35K | $300K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.68 | +0.162% | $47K | $252K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.46 | +0.092% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.41 | −0.241% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.84 | −0.105% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.06 | −0.035% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.70 | +0.167% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0118% | 8h | 314.81 | −0.114% | $2K | $710K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0124% | 1h | 314.81 | −0.114% | $80K | $681K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0167% | 1h | 315.35 | +0.058% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0168% / S +0.0098% | 1h | 314.27 | −0.285% | $430K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0174% | 4h | 317.11 | +0.616% | $523K | $954K | 10x | as long as short |
| Bullet TAO-USD | +0.0245% | 1h | 314.66 | −0.162% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0254% | 4h | 314.94 | −0.072% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 314.88 | −0.091% | $370K | $384K | 10x | as long as short |
| Arcus TAO-USDlong | +0.0337% | 1h | 315.17 | long leg | $99K | $529K | 5x | |
| Paradex TAO-USD-PERP | +0.0360% | 8h | 314.77 | −0.128% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 318.67 | +1.111% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0525% | 1h | 314.94 | −0.074% | $786K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 317.30 | +0.676% | $332K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 315.07 | −0.032% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0677% | 1h | 315.38 | +0.066% | $22K | $1.5M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.91 | −0.082% | $362 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0780% | 4h | 314.70 | −0.149% | — | $30.9M | — | as long as short |
| Bybit TAOUSDT | +0.0842% | 4h | 315.35 | +0.057% | $66.2M | $138.1M | 50x | as long as short |
| Variational Omni TAO | +0.0845% | 4h | 315.73 | +0.177% | $5.5M | $8.9M | — | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 315.48 | +0.098% | $905K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0926% | 1h | 315.28 | +0.035% | $319K | $810K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 316.39 | +0.387% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 314.88 | −0.094% | $450K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1326% | 1h | 315.24 | +0.021% | $100.1M | $95.1M | 5x | as long as short |
| Lighter TAOshort | +0.1424% | 1h | 315.67 | +0.159% | $1.7M | $6.1M | 5x | |
| Bulk TAO-USD | +0.2752% | 1h | 308.95 | −1.975% | $164K | $40K | 10x | as long as short |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Bulk TAO-USD