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

TAO

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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.124%
Price spread now: Lighter against Coinbase International+0.058%7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Long on Coinbase InternationalShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.360%−$36 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.058%, 7d avg −0.110%
Together, before fees−0.494%+ Points / potential airdropLighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.168% dearer against Coinbase International than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.110%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International TAO-PERP-INTX320.650.1024pay 0.0128% / 1h37m 41s$1.5M$6.6M50x
ShortLighter TAO320.830.0896get 0.0112% / 1h37m 41s$1.6M$6.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$26.88
Price spread: +0.058% → −0.110%
$16.76
Slippage, 4 orders
−$37.7
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$57.82
Costs to cover
0.477%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago10.30 bp15.3 bp −$1524.3 bp −$243doesn't fitdoesn't fit
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%1h316.49−1.297%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h319.87−0.243%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.67−0.305%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.60−0.327%$45K$657K20xas long as short
Binance TAOUSDT+0.0100%4h320.43−0.070%$92.8M$473.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.50−0.047%$26.3M$117.4M50xas long as short
Gate TAO_USDT+0.0100%4h320.30−0.109%$13.1M$49.4M50xas long as short
MEXC TAO_USDT+0.0100%4h320.37−0.087%$109.2M$139.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h320.57−0.025%$18.1M$30.9M75xas long as short
Bitget TAOUSDT+0.0100%4h320.36−0.090%$35.7M$54.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h319.73−0.287%$36K$300K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h319.82−0.259%$72K$771K5xas long as short
SunX TAO-USDT+0.0100%4h319.62−0.321%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h320.11−0.168%$130K$479K20xas long as short
Phemex TAOUSDT+0.0100%4h319.59−0.331%$3.5M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h320.02−0.198%$176K$9983xas long as short
Orderly PERP_TAO_USDC+0.0104%4h319.98−0.209%$58K$282K10xas long as short
Katana Perps TAO-USD+0.0117%8h320.61−0.012%$681$759K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0163% / S +0.0106%1h319.62−0.322%$434K—100xas long as short
GRVT TAO_USDT_Perp+0.0224%4h318.95−0.530%$526K$955K10xas long as short
Kraken Futures PF_TAOUSD+0.0245%1h319.81−0.261%$5.6M$20.5M50xas long as short
Bullet TAO-USD+0.0306%1h319.99−0.206%$12K$18K20xas long as short
Paradex TAO-USD-PERP+0.0322%8h320.56−0.029%$15K$1K10xas long as short
Aster TAOUSDT+0.0335%4h320.19−0.143%$1.2M$9.3M50xas long as short
BloFin TAO-USDT+0.0340%4h319.17−0.462%$4.5M$10.7M100xas long as short
Pacifica TAO+0.0448%1h320.40−0.077%$378K$396K10xas long as short
Phoenix TAO+0.0504%1h318.90−0.546%$333K$707K5xas long as short
Arcus TAO-USD+0.0509%1h320.95+0.094%$101K$489K5xas long as short
Nado TAO-PERP+0.0544%1h319.87−0.242%$775K$2.1M10xas long as short
Bybit TAOUSDT+0.0613%4h320.59−0.019%$68.4M$140.4M50xas long as short
BingX TAO-USDT+0.0635%4h320.57−0.025%—$30.3M—as long as short
Deribit TAO_USDC-PERPETUAL+0.0640%1h319.86−0.245%$17K$1.6M25xas long as short
Reya TAORUSDPERP+0.0696%1h319.94−0.223%$368—20xas long as short
01 Exchange TAOUSD+0.0784%1h320.26−0.122%$3K$4K5xas long as short
Variational Omni TAO+0.0878%4h320.22−0.135%$5.9M$9.7M—as long as short
ApeX Omni TAOUSDT+0.0883%1h318.78−0.583%$47K$253K50xas long as short
Lighter TAOshort+0.0896%1h320.83+0.058%$1.6M$6.3M5x
Extended TAO-USD+0.0920%1h320.59−0.018%$939K$2.3M25xas long as short
Backpack TAO_USDC_PERP+0.1008%1h319.89−0.237%$440K$860K10xas long as short
Coinbase International TAO-PERP-INTXlong+0.1024%1h320.65long leg$1.5M$6.6M50x
RISEx TAO/USDC+0.1159%1h320.76+0.034%$456K$628K5xas long as short
Hyperliquid TAO+0.1381%1h320.86+0.065%$100.8M$98.5M5xas long as short
Injective TAO/USDC PERP+0.4172%1h319.69−0.299%$23K$2K12xas long as short