Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.1226%/8h= +134.2% APRpaid last 24h +0.047%
Price spread now: Lighter against Aster+0.249%7-day average −0.042% · 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−$6as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Long on AsterShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.007%−$1 on $10k
Price spread, last 7 days−0.318%−$32 · spread now +0.249%, 7d avg −0.042%
Together, before fees−0.325%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.291% dearer against Aster than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.042%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.007% in total (about -0.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TAOUSDT316.250.0198pay 0.0099% / 4h3h 12m$1.3M$8.8M50x
ShortLighter TAO317.030.1424get 0.0178% / 1h12m 57s$1.7M$6.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$257.45
Price spread: +0.249% → −0.042%
$29.11
Slippage, 4 orders
−$27.53
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$251.03
Costs to cover
0.355%
Break-even
0.2 days
Slippage from Aster: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 6 min ago0.16 bp10.5 bp −$1023.7 bp −$237176.7 bp −$17.7Kdoesn't fit
Sell Lighter live order book, 5 min ago2.59 bp11.2 bp −$1125.7 bp −$257doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1821%1h318.67+0.766%$169K$40K10xas long as short
dYdX TAO-USD0.0000%1h316.65+0.127%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.22−0.010%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h316.77+0.166%$42K$598K20xas long as short
Binance TAOUSDT+0.0100%4h316.02−0.071%$90.6M$450.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.00−0.078%$25.7M$108.8M50xas long as short
Gate TAO_USDT+0.0100%4h316.10−0.046%$12.8M$51.1M50xas long as short
MEXC TAO_USDT+0.0100%4h316.09−0.049%$110.1M$136.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h315.99−0.081%$17.9M$29.4M75xas long as short
Bitget TAOUSDT+0.0100%4h315.86−0.122%$35.2M$51.3M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h316.13−0.037%$40K$294K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h316.19−0.018%$524K$958K10xas long as short
Bullet TAO-USD+0.0100%1h316.42+0.055%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h316.24−0.002%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.17−0.024%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h316.44+0.061%$126K$422K20xas long as short
Phemex TAOUSDT+0.0100%4h316.78+0.169%$3.4M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h316.88+0.199%$174K$9983xas long as short
Katana Perps TAO-USD+0.0122%8h316.86+0.194%$1K$636K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0097%1h316.06−0.060%$453K—100xas long as short
Pacifica TAO+0.0185%1h317.08+0.263%$376K$375K10xas long as short
Aster TAOUSDTlong+0.0198%4h316.25long leg$1.3M$8.8M50x
Arcus TAO-USD+0.0201%1h317.07+0.261%$84K$550K5xas long as short
Paradex TAO-USD-PERP+0.0234%8h317.01+0.242%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0247%1h316.30+0.017%$17K$1.5M25xas long as short
ApeX Omni TAOUSDT+0.0247%1h316.20−0.015%$48K$267K50xas long as short
Polymarket Perps TAO-USD+0.0270%1h316.82+0.181%$93K$633K5xas long as short
BloFin TAO-USDT+0.0340%4h316.46+0.068%$4.5M$10.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0485%1h316.40+0.048%$5.7M$20.3M50xas long as short
Variational Omni TAO+0.0516%4h316.67+0.133%$5.5M$8.7M—as long as short
Phoenix TAO+0.0525%1h316.60+0.112%$331K$624K5xas long as short
01 Exchange TAOUSD+0.0560%1h316.86+0.194%$3K$4K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.77+0.482%$23K$80212xas long as short
BingX TAO-USDT+0.0596%4h316.10−0.046%—$30.4M—as long as short
Bybit TAOUSDT+0.0678%4h316.31+0.020%$65.1M$133.4M50xas long as short
Reya TAORUSDPERP+0.0695%1h316.41+0.052%$364—20xas long as short
Nado TAO-PERP+0.0762%1h316.72+0.150%$879K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0805%1h316.37+0.039%$320K$816K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.34+0.346%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1112%1h315.93−0.101%$886K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h316.81+0.179%$419K$593K5xas long as short
Lighter TAOshort+0.1424%1h317.03+0.249%$1.7M$6.1M5x
Hyperliquid TAO+0.1854%1h316.43+0.058%$101.4M$91.8M5xas long as short