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 03:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.112%
Price spread now: Lighter against BingX+0.123%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Long on BingXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.163%+$16 on $10k
Price spread, last 7 days−0.098%−$10 · spread now +0.123%, 7d avg +0.054%
Together, before fees+0.065%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.069% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% 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
LongBingX TAO-USDT320.010.0642pay 0.0321% / 4h1h 38m—$30.3M—
ShortLighter TAO320.400.0912get 0.0114% / 1h38m 36s$1.6M$6.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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
$56.7
Price spread: +0.123% → +0.054%
$6.95
Slippage, 4 orders
−$21.13
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$32.52
Costs to cover
0.311%
Break-even
3.0 days
Slippage from BingX: live order book, 15 min ago; Lighter: live order book, 10 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 BingX live order book, 15 min ago1.41 bp7.4 bp −$714.3 bp −$14322.6 bp −$2,26258.7 bp −$29.4K
Sell Lighter live order book, 10 min ago2.29 bp4.5 bp −$522.1 bp −$221doesn'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−0.3652%1h316.49−1.100%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h319.53−0.150%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.31−0.531%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.60−0.128%$45K$657K20xas long as short
Binance TAOUSDT+0.0100%4h319.67−0.106%$92.6M$473.2M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.00−0.003%$26.4M$117.2M50xas long as short
Gate TAO_USDT+0.0100%4h319.80−0.066%$13.1M$49.4M50xas long as short
MEXC TAO_USDT+0.0100%4h320.18+0.053%$107.3M$139.4M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.94−0.022%$18.0M$30.9M75xas long as short
Bitget TAOUSDT+0.0100%4h319.86−0.047%$35.7M$54.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h319.73−0.087%$36K$300K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h319.01−0.312%$72K$771K5xas long as short
SunX TAO-USDT+0.0100%4h319.25−0.237%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.81−0.375%$130K$479K20xas long as short
Phemex TAOUSDT+0.0100%4h319.34−0.209%$3.4M$7.8M50xas long as short
Orderly PERP_TAO_USDC+0.0103%4h318.64−0.428%$58K$282K10xas long as short
Aevo TAO-PERP+0.0104%1h318.93−0.338%$175K$9983xas long as short
Katana Perps TAO-USD+0.0117%8h319.80−0.066%$680$759K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0163% / S +0.0106%1h318.26−0.546%$433K—100xas long as short
GRVT TAO_USDT_Perp+0.0224%4h318.95−0.331%$526K$955K10xas long as short
Kraken Futures PF_TAOUSD+0.0246%1h319.41−0.187%$5.6M$20.5M50xas long as short
Bullet TAO-USD+0.0303%1h318.38−0.511%$12K$18K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0307%1h319.33−0.213%$17K$1.6M25xas long as short
Paradex TAO-USD-PERP+0.0326%8h320.07+0.018%$15K$1K10xas long as short
Aster TAOUSDT+0.0328%4h319.68−0.104%$1.2M$9.3M50xas long as short
BloFin TAO-USDT+0.0340%4h319.17−0.262%$4.5M$10.7M100xas long as short
Pacifica TAO+0.0448%1h320.13+0.038%$378K$396K10xas long as short
Phoenix TAO+0.0504%1h318.90−0.347%$333K$707K5xas long as short
Arcus TAO-USD+0.0509%1h320.42+0.128%$101K$489K5xas long as short
Nado TAO-PERP+0.0544%1h319.87−0.043%$775K$2.1M10xas long as short
Bybit TAOUSDT+0.0626%4h319.75−0.081%$68.2M$140.3M50xas long as short
BingX TAO-USDTlong+0.0642%4h320.01long leg—$30.3M—
Reya TAORUSDPERP+0.0696%1h319.11−0.282%$367—20xas long as short
01 Exchange TAOUSD+0.0784%1h320.26+0.078%$3K$4K5xas long as short
Variational Omni TAO+0.0878%4h320.22+0.065%$5.9M$9.7M—as long as short
ApeX Omni TAOUSDT+0.0883%1h318.78−0.384%$47K$253K50xas long as short
Lighter TAOshort+0.0912%1h320.40+0.123%$1.6M$6.3M5x
Extended TAO-USD+0.0920%1h319.92−0.028%$938K$2.3M25xas long as short
Backpack TAO_USDC_PERP+0.1002%1h319.88−0.041%$440K$860K10xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h319.48−0.166%$1.5M$6.5M50xas long as short
RISEx TAO/USDC+0.1159%1h320.01+0.002%$455K$627K5xas long as short
Hyperliquid TAO+0.1394%1h320.42+0.128%$100.7M$98.5M5xas long as short
Injective TAO/USDC PERP+0.4172%1h319.69−0.100%$23K$2K12xas long as short