data as of
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Price arb /

TAO

all TAO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.221%7d average−0.029%fees + slippage, in and out−$38spread needed0.376%
Long on LighterShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TAO283.810.0096pay 0.0012% / 1h29m 25s$1.3M$1.8M5x
ShortKraken Futures PF_TAOUSD283.190.0290get 0.0036% / 1h29m 25s$5.4M$13.4M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$22.12
Funding while held
$5.83
Slippage, 4 orders
−$27.6
Fee Lighter: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$53.89
Spread needed to break even
0.376%
Slippage from Lighter: live order book, 4 min ago; Kraken Futures: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0194%
Per $10,000 a day
+$5.83
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago1.92 bp6.3 bp −$623.5 bp −$235doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago3.88 bp16.5 bp −$1632.2 bp −$322425.5 bp −$42.6Kdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX282.06cheapestBloFin282.24+0.064%edgeX282.42+0.127%GMX282.62+0.198%Aevo282.67+0.215%ApeX Omni282.68+0.220%gTrade (Gains Network)282.71+0.229%Variational Omni283.01+0.336%Bulk283.11+0.372%SunX283.14+0.383%Phemex283.18+0.397%
Kraken Futures283.19+0.399%
Deribit283.26+0.424%Orderly283.27+0.429%Aster283.31+0.444%Backpack283.36+0.461%Phoenix283.40+0.475%dYdX283.42+0.482%Paradex283.43+0.487%KuCoin283.48+0.503%Bitget283.53+0.521%Pacifica283.57+0.537%OKX283.60+0.546%Gate283.60+0.546%Popdex283.63+0.557%Katana Perps283.64+0.560%Binance283.66+0.566%Reya283.69+0.578%Extended283.70+0.583%Polymarket Perps283.73+0.592%Bybit283.74+0.596%Coinbase International283.75+0.599%MEXC283.78+0.610%Bullet283.79+0.613%BingX283.80+0.617%
Lighter283.81+0.622%
Nado283.86+0.637%RISEx283.94+0.668%01 Exchange283.95+0.670%Hyperliquid284.00+0.688%Arcus284.03+0.698%Injective287.53+1.939%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.618%+0.0100%4h$115K$310K20xas long as short
BloFin TAO-USDT−0.555%+0.0340%4h$4.1M$6.9M100xas long as short
edgeX TAOUSDC−0.492%+0.0100%4h$32K$288K10xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.422%L +0.0461% / S −0.0189%1h$417K—100xas long as short
Aevo TAO-PERP−0.404%+0.0104%1h$155K$9983xas long as short
ApeX Omni TAOUSDT−0.400%+0.0100%1h$42K$267K50xas long as short
gTrade (Gains Network) TAO/USD−0.390%L +0.0004% / S −0.0012%1h$18K—150xas long as short
Variational Omni TAO−0.284%+0.0100%4h$3.3M$4.5M—as long as short
Bulk TAO-USD−0.248%−0.0681%1h$148K$010xas long as short
SunX TAO-USDT−0.237%+0.0100%4h$2K$1.6M20xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex TAOUSDT−0.223%+0.0100%4h$3.0M$7.5M50xas long as short
Kraken Futures PF_TAOUSDshort−0.221%+0.0290%1h$5.4M$13.4M50x
Deribit TAO_USDC-PERPETUAL−0.197%0.0000%1h$34K$906K25xas long as short
Orderly PERP_TAO_USDC−0.192%+0.0100%4h$51K$146K10xas long as short
Aster TAOUSDT−0.177%+0.0100%4h$1.6M$4.9M50xas long as short
Backpack TAO_USDC_PERP−0.160%+0.0100%1h$304K$395K10xas long as short
Phoenix TAO−0.146%+0.0364%1h$301K$149K5xas long as short
dYdX TAO-USD−0.139%+0.0214%1h$72K$55K5xas long as short
Paradex TAO-USD-PERP−0.134%+0.0102%8h$13K$37610xas long as short
KuCoin TAOUSDTM−0.118%+0.0100%4h$17.3M$18.0M75xas long as short
Bitget TAOUSDT−0.100%+0.0062%4h$31.9M$35.7M50xas long as short
Pacifica TAO−0.085%+0.0100%1h$330K$368K10xas long as short
OKX TAO-USDT-SWAP−0.075%+0.0100%8h$22.9M$65.5M50xas long as short
Gate TAO_USDT−0.075%+0.0094%4h$11.2M$45.4M50xas long as short
Popdex TAOUSDT−0.065%+0.0096%1h$44K$452K20xas long as short
Katana Perps TAO-USD−0.061%+0.0100%8h$3K$280K5xas long as short
Binance TAOUSDT−0.056%+0.0100%4h$80.0M$317.1M75xas long as short
Reya TAORUSDPERP−0.043%+0.0692%1h$326—20xas long as short
Extended TAO-USD−0.038%+0.0104%1h$758K$1.3M25xas long as short
Polymarket Perps TAO-USD−0.030%+0.0100%1h$73K$1.1M5xas long as short
Bybit TAOUSDT−0.026%+0.0100%4h$51.1M$82.7M50xas long as short
Coinbase International TAO-PERP-INTX−0.023%+0.0920%1h$1.4M$4.1M50xas long as short
MEXC TAO_USDT−0.012%+0.0100%4h$100.6M$99.3M300xas long as short
Bullet TAO-USD−0.008%+0.0100%1h$10K$17K20xas long as short
BingX TAO-USDT−0.005%+0.0100%4h—$28.6M—as long as short
Lighter TAOlong0.000%+0.0096%1h$1.3M$1.8M5x
Nado TAO-PERP+0.015%+0.0203%1h$1.0M$1.1M10xas long as short
RISEx TAO/USDC+0.046%+0.0517%1h$299K$409K5xas long as short
01 Exchange TAOUSD+0.048%+0.0184%1h$5K$4K5xas long as short
Hyperliquid TAO+0.066%+0.0199%1h$75.3M$50.3M5xas long as short
Arcus TAO-USD+0.076%+0.0100%1h$121K$570K5xas long as short
Injective TAO/USDC PERP+1.309%+0.3146%1h$21K$125K12xas long as short