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

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.126%
Price spread now: Lighter against Bitget+0.399%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Long on BitgetShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.188%+$19 on $10k
Price spread, last 7 days−0.436%−$44 · spread now +0.399%, 7d avg +0.061%
Together, before fees−0.247%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.338% dearer against Bitget than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.061%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% 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
LongBitget TAOUSDT311.760.0100pay 0.0050% / 4h3h 11m$35.0M$56.6M50x
ShortLighter TAO313.000.0632get 0.0079% / 1h11m 01s$1.5M$6.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
$111.72
Price spread: +0.399% → +0.061%
$33.84
Slippage, 4 orders
−$20.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$113.37
Costs to cover
0.322%
Break-even
from the start
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 7 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 Bitget live order book, 3 min ago0.16 bp12.1 bp −$1224.0 bp −$240doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago2.06 bp9.1 bp −$929.4 bp −$294doesn'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
Kraken Futures PF_TAOUSD−0.0347%1h312.70+0.300%$5.5M$20.7M50xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.73+0.311%$20K—150xas long as short
dYdX TAO-USD+0.0010%1h313.15+0.445%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h313.05+0.414%$49K$658K20xas long as short
Katana Perps TAO-USD+0.0099%8h312.86+0.353%$640$854K5xas long as short
Pacifica TAO+0.0100%1h313.39+0.523%$357K$416K10xas long as short
Binance TAOUSDT+0.0100%4h312.44+0.217%$89.4M$502.0M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.10+0.109%$26.1M$120.9M50xas long as short
Gate TAO_USDT+0.0100%4h312.50+0.237%$13.4M$50.5M50xas long as short
MEXC TAO_USDT+0.0100%4h312.12+0.115%$103.2M$145.7M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h312.70+0.302%$17.8M$31.3M75xas long as short
Bitget TAOUSDTlong+0.0100%4h311.76long leg$35.0M$56.6M50x
edgeX TAOUSDC+0.0100%4h312.53+0.247%$41K$313K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h312.48+0.231%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h312.80+0.334%$82K$905K5xas long as short
Bullet TAO-USD+0.0100%1h312.95+0.382%$12K$17K20xas long as short
SunX TAO-USDT+0.0100%4h312.73+0.311%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.81+0.337%$111K$542K20xas long as short
Phemex TAOUSDT+0.0100%4h312.78+0.327%$3.1M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h312.98+0.391%$172K$9983xas long as short
Aster TAOUSDT+0.0113%4h312.44+0.219%$1.3M$10.5M50xas long as short
Orderly PERP_TAO_USDC+0.0114%4h312.88+0.359%$52K$290K10xas long as short
GRVT TAO_USDT_Perp+0.0114%4h312.81+0.335%$531K$956K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0135% / S +0.0132%1h312.68+0.295%$422K—100xas long as short
Paradex TAO-USD-PERP+0.0164%8h313.29+0.490%$14K$1K10xas long as short
BingX TAO-USDT+0.0180%4h312.56+0.257%—$33.7M—as long as short
Bybit TAOUSDT+0.0219%4h312.29+0.170%$67.4M$150.8M50xas long as short
Arcus TAO-USD+0.0231%1h313.52+0.565%$102K$394K5xas long as short
Nado TAO-PERP+0.0316%1h313.05+0.413%$790K$2.2M10xas long as short
Extended TAO-USD+0.0320%1h311.98+0.070%$909K$2.4M25xas long as short
Variational Omni TAO+0.0325%4h312.94+0.378%$5.5M$10.1M—as long as short
BloFin TAO-USDT+0.0340%4h312.98+0.391%$4.5M$10.8M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0383%1h312.89+0.364%$13K$1.8M25xas long as short
Phoenix TAO+0.0457%1h312.70+0.302%$311K$711K5xas long as short
Bulk TAO-USD+0.0468%1h310.75−0.324%$165K$33310xas long as short
Hyperliquid TAO+0.0474%1h312.78+0.327%$91.9M$107.9M5xas long as short
01 Exchange TAOUSD+0.0488%1h313.40+0.526%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0492%1h312.57+0.260%$310K$885K10xas long as short
Lighter TAOshort+0.0632%1h313.00+0.399%$1.5M$6.5M5x
Reya TAORUSDPERP+0.0697%1h312.91+0.369%$360—20xas long as short
RISEx TAO/USDC+0.0816%1h313.14+0.442%$444K$647K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h313.04+0.411%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h316.67+1.575%$23K$2K12xas long as short