Funding you earn now, next payment 00:00 UTC+0.1206%/8h= +132.0% APRnext payment +$1.51 per $10,000 · paid last 24h +0.067%
Price spread now: Lighter against ApeX Omni+0.442%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 3 days (all we have)−0.725%−$72 · spread now +0.442%, 7d avg +0.030%
=Together, before fees−0.600%+ Points / potential airdropLighter: Season 3 · farm board−$60 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Lighter is 0.412% dearer against ApeX Omni than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.51 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 | ApeX Omni TAOUSDT | 312.79 | 0.0226 | pay 0.0028% / 1h | 43m 08s | $47K | $270K | 50x |
| Short | Lighter TAO | 314.17 | 0.1432 | get 0.0179% / 1h | 43m 08s | $1.6M | $5.8M | 5x |
ApeX Omni TAOUSDT
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- $253.16
- Price spread: +0.442% → +0.030%
- $41.21
- Slippage, 4 orders
- −$28.84
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $255.53
- Costs to cover
- 0.388%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 34 min ago; Lighter: live order book, 5 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 ApeX Omni live order book, 34 min ago | 3.76 bp | 11.3 bp −$11 | 124.8 bp −$1,248 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 3.69 bp | 7.5 bp −$8 | 22.9 bp −$229 | 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 | −0.4722% | 1h | 314.01 | +0.391% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.08 | +0.093% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.05 | +0.082% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.512% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.18 | +0.125% | $40K | $551K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.23 | +0.141% | $371K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.74 | +0.302% | $88.7M | $424.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.90 | +0.355% | $61.5M | $123.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.80 | +0.323% | $25.1M | $100.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.50 | +0.227% | $12.7M | $49.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
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 | 313.80 | +0.323% | $120.2M | $127.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.08 | +0.093% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.76 | +0.310% | $35.0M | $46.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.95 | +0.371% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.83 | +0.014% | $40K | $281K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.31 | +0.168% | $528K | $948K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.10 | +0.099% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.56 | +0.246% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.16 | +0.118% | $128K | $395K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.58 | +0.253% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.32 | +0.170% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.06 | +0.086% | $829 | $539K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0146% | 1h | 313.56 | +0.246% | $77K | $521K | 5x | as long as short |
| Bullet TAO-USD | +0.0147% | 1h | 313.49 | +0.225% | $11K | $17K | 20x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.43 | +0.205% | $83K | $626K | 5x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.222% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0189% | 8h | 313.13 | +0.110% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0208% | 4h | 313.32 | +0.170% | $1.1M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0226% | 1h | 312.79 | long leg | $47K | $270K | 50x | |
| Deribit TAO_USDC-PERPETUAL | +0.0339% | 1h | 313.12 | +0.104% | $19K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0351% | 4h | 312.54 | −0.080% | $4.3M | $10.2M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0448% | 1h | 313.66 | +0.278% | $5.8M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 313.09 | +0.095% | $449K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0529% | 1h | 313.15 | +0.114% | $834K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | −0.061% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0578% | 1h | 314.00 | +0.387% | $301K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.40 | +0.194% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0792% | 1h | 313.44 | +0.208% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0880% | 1h | 313.02 | +0.075% | $863K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.92 | +0.361% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.38 | +0.190% | $431K | $536K | 5x | as long as short |
| Lighter TAOshort | +0.1432% | 1h | 314.17 | +0.442% | $1.6M | $5.8M | 5x | |
| Hyperliquid TAO | +0.2048% | 1h | 314.39 | +0.512% | $97.9M | $83.3M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Bullet TAO-USD
Arcus TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO