Funding you earn now, next payment 22:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.056%
Price spread now: Lighter against Binance−0.007%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.007%, 7d avg +0.048%
=Together, before fees+0.302%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.048%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.193% in total) that is about 48 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TAOUSDT | 307.30 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $85.8M | $403.6M | 75x |
| Short | Lighter TAO | 307.28 | 0.0920 | get 0.0115% / 1h | 24m 52s | $1.7M | $4.8M | 5x |
Binance TAOUSDT
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $172.2
- Price spread: −0.007% → +0.048%
- −$5.47
- Slippage, 4 orders
- −$13.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $143.31
- Costs to cover
- 0.234%
- Break-even
- 1.2 days
Slippage from Binance: live order book, 4 min ago; Lighter: live order book, 3 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 Binance live order book, 4 min ago | 0.16 bp | 6.9 bp −$7 | 10.3 bp −$103 | 28.2 bp −$2,816 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.62 bp | 4.0 bp −$4 | 17.6 bp −$176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 307.19 | −0.037% | $129K | $84K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 306.77 | −0.173% | $15K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 306.97 | −0.108% | $23K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.52 | +0.071% | $42K | $523K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.57 | +0.088% | $363K | $401K | 10x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 307.30 | long leg | $85.8M | $403.6M | 75x | |
| Bybit TAOUSDT | +0.0100% | 4h | 307.61 | +0.101% | $59.4M | $118.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.60 | +0.097% | $25.3M | $93.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.67 | +0.120% | $138K | $597K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | −0.075% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 307.10 | −0.065% | $12.2M | $48.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.26 | −0.013% | $114.2M | $123.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.10 | −0.065% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.17 | −0.043% | $34.4M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 307.17 | −0.043% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.90 | −0.456% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.13 | −0.708% | $39K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.16 | −0.698% | $535K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.90 | −0.781% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.67 | +0.120% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.23 | −0.023% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.81 | −0.160% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.57 | −0.238% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.25 | −0.017% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 306.76 | −0.176% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.43 | +0.043% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 307.70 | +0.130% | $1K | $437K | 5x | as long as short |
| Aster TAOUSDT | +0.0149% | 4h | 307.12 | −0.060% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0164% | 8h | 307.52 | +0.073% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.98 | −0.105% | $439K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 305.60 | −0.554% | $324K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0290% | 1h | 307.32 | +0.007% | $840K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.84 | −0.150% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 307.93 | +0.205% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.23 | −0.023% | $353 | — | 20x | as long as short |
| Extended TAO-USD | +0.0704% | 1h | 307.21 | −0.029% | $902K | $2.0M | 25x | as long as short |
| Lighter TAOshort | +0.0920% | 1h | 307.28 | −0.007% | $1.7M | $4.8M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 308.04 | +0.240% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1026% | 1h | 307.10 | −0.066% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.67 | +0.118% | $411K | $535K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1157% | 1h | 307.02 | −0.091% | $443K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1726% | 1h | 307.46 | +0.052% | $94.0M | $76.2M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −0.436% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP