Funding you earn now, next payment 04:00 UTC+0.0351%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter against Kraken Futures+0.119%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.119%, 7d avg +0.022%
=Together, before fees−0.129%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.097% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.022%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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 | 313.85 | 0.0057 | pay 0.0007% / 1h | 35m 15s | $5.5M | $20.7M | 50x |
| Short | Lighter TAO | 314.22 | 0.0408 | get 0.0051% / 1h | 35m 15s | $1.5M | $6.5M | 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
- $73.79
- Price spread: +0.119% → +0.022%
- $9.67
- Slippage, 4 orders
- −$43.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $30.29
- Costs to cover
- 0.532%
- Break-even
- 4.1 days
Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 8 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, 4 min ago | 5.55 bp | 17.8 bp −$18 | 26.1 bp −$261 | 92.1 bp −$9,214 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.65 bp | 8.7 bp −$9 | 23.1 bp −$231 | 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 | −0.0482% | 1h | 315.13 | +0.408% | $167K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 314.24 | +0.126% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.84 | −0.001% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSDlong | +0.0057% | 1h | 313.85 | long leg | $5.5M | $20.7M | 50x | |
| Popdex TAOUSDT | +0.0096% | 1h | 314.53 | +0.217% | $42K | $690K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0097% | 8h | 314.25 | +0.128% | $997 | $792K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.90 | +0.016% | $90.4M | $492.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.05 | +0.064% | $68.4M | $147.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.20 | +0.112% | $25.8M | $119.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.00 | +0.048% | $12.9M | $49.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
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 | 313.90 | +0.016% | $109.7M | $143.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.00 | +0.048% | $17.5M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.02 | +0.055% | $35.1M | $56.1M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.11 | +0.403% | $35K | $303K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.74 | −0.036% | $522K | $944K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.01 | +0.370% | $46K | $252K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.50 | +0.208% | $89K | $791K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 314.46 | +0.195% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.88 | +0.010% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.11 | +0.083% | $108K | $528K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.73 | −0.038% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.01 | +0.051% | $172K | $998 | 3x | as long as short |
| BingX TAO-USDT | +0.0116% | 4h | 314.21 | +0.115% | — | $30.1M | — | as long as short |
| Orderly PERP_TAO_USDC | +0.0128% | 4h | 314.00 | +0.048% | $56K | $275K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0150% / S +0.0123% | 1h | 313.90 | +0.016% | $419K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0181% | 8h | 314.60 | +0.239% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0185% | 1h | 314.66 | +0.259% | $797K | $2.2M | 10x | as long as short |
| Aster TAOUSDT | +0.0190% | 4h | 314.32 | +0.151% | $1.2M | $10.2M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0248% | 1h | 314.07 | +0.070% | $13K | $1.7M | 25x | as long as short |
| Hyperliquid TAO | +0.0254% | 1h | 314.13 | +0.090% | $92.5M | $106.0M | 5x | as long as short |
| Extended TAO-USD | +0.0264% | 1h | 313.94 | +0.029% | $917K | $2.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0264% | 1h | 314.61 | +0.243% | $3K | $4K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.14 | +0.093% | $4.5M | $10.8M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 314.82 | +0.310% | $99K | $488K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0347% | 1h | 314.09 | +0.077% | $315K | $913K | 10x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 314.59 | +0.236% | $359K | $411K | 10x | as long as short |
| Lighter TAOshort | +0.0408% | 1h | 314.22 | +0.119% | $1.5M | $6.5M | 5x | |
| Phoenix TAO | +0.0581% | 1h | 314.70 | +0.271% | $313K | $697K | 5x | as long as short |
| Variational Omni TAO | +0.0588% | 4h | 313.21 | −0.203% | $5.7M | $9.9M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.59 | +0.235% | $362 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 314.56 | +0.227% | $436K | $653K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 313.64 | −0.066% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 319.92 | +1.935% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
BingX TAO-USDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Nado TAO-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
Hyperliquid TAO
Extended TAO-USD
01 Exchange TAOUSD
BloFin TAO-USDT
Arcus TAO-USD
Backpack TAO_USDC_PERP
Pacifica TAO
Phoenix TAO
Variational Omni TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP