Funding you earn now, next payment 09:00 UTC+0.0618%/8h= +67.7% APRnext payment +$0.77 per $10,000 · paid last 24h +0.143%
Price spread now: Lighter against dYdX+0.142%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.142%, 7d avg +0.118%
=Together, before fees+0.077%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.024% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.118%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 per $10,000. 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 | dYdX TAO-USD | 316.80 | 0.0078 | pay 0.0010% / 1h | 48m 05s | $127K | $86K | 5x |
| Short | Lighter TAO | 317.25 | 0.0696 | get 0.0087% / 1h | 48m 05s | $1.6M | $6.6M | 5x |
dYdX TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $129.8
- Price spread: +0.142% → +0.118%
- $2.4
- Slippage, 4 orders
- −$67.66
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $54.54
- Costs to cover
- 0.777%
- Break-even
- 4.1 days
Slippage from dYdX: live order book, 51 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 51 min ago | 27.37 bp | 32.4 bp −$32 | 39.3 bp −$393 | 129.2 bp −$12.9K | 563.6 bp −$281.8K |
| Sell Lighter live order book, 5 min ago | 1.82 bp | 5.9 bp −$6 | 19.8 bp −$198 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 316.76 | −0.011% | $22K | — | 150x | as long as short |
| dYdX TAO-USDlong | +0.0078% | 1h | 316.80 | long leg | $127K | $86K | 5x | |
| Popdex TAOUSDT | +0.0096% | 1h | 317.11 | +0.099% | $49K | $718K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 316.83 | +0.011% | $2K | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.10 | +0.096% | $26.4M | $131.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.90 | +0.033% | $14.9M | $49.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.04 | +0.077% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.73 | −0.021% | $35.7M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.26 | +0.146% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.82 | +0.008% | $2K | $1.9M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 316.41 | −0.122% | $116K | $589K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.96 | +0.052% | $3.2M | $8.2M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 317.12 | +0.101% | $174K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0140% | 4h | 316.42 | −0.120% | $542K | $887K | 10x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 317.02 | +0.071% | $104.4M | $151.5M | 300x | as long as short |
| Binance TAOUSDT | +0.0162% | 4h | 317.07 | +0.086% | $92.8M | $531.9M | 75x | as long as short |
| edgeX TAOUSDC | +0.0167% | 4h | 316.51 | −0.090% | $42K | $320K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0203% | 4h | 317.03 | +0.074% | $54K | $299K | 10x | as long as short |
| Bulk TAO-USD | +0.0233% | 1h | 316.19 | −0.191% | $168K | $0 | 10x | as long as short |
| Bullet TAO-USD | +0.0239% | 1h | 317.14 | +0.108% | $12K | $17K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0251% | 8h | 316.99 | +0.061% | $14K | $876 | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0308% | 1h | 316.74 | −0.018% | $46K | $259K | 50x | as long as short |
| Aster TAOUSDT | +0.0322% | 4h | 317.23 | +0.137% | $1.2M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 316.89 | +0.028% | $372K | $442K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0366% / S −0.0107% | 1h | 316.80 | +0.001% | $372K | — | 100x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 317.02 | +0.072% | $899K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 316.98 | +0.058% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 317.22 | +0.134% | $100K | $377K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0524% | 1h | 316.98 | +0.057% | $15K | $1.9M | 25x | as long as short |
| Bybit TAOUSDT | +0.0527% | 4h | 317.13 | +0.105% | $69.8M | $156.2M | 50x | as long as short |
| Hyperliquid TAO | +0.0545% | 1h | 317.21 | +0.131% | $93.6M | $109.9M | 5x | as long as short |
| Nado TAO-PERP | +0.0567% | 1h | 316.91 | +0.037% | $771K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 315.60 | −0.378% | $317K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 317.39 | +0.187% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0612% | 4h | 316.00 | −0.250% | $5.6M | $10.1M | — | as long as short |
| Lighter TAOshort | +0.0696% | 1h | 317.25 | +0.142% | $1.6M | $6.6M | 5x | |
| Reya TAORUSDPERP | +0.0698% | 1h | 317.02 | +0.071% | $365 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0785% | 1h | 317.00 | +0.065% | $6.0M | $21.3M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0786% | 1h | 317.22 | +0.134% | $317K | $1.0M | 10x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 316.95 | +0.048% | $449K | $670K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 317.42 | +0.197% | $1.2M | $7.3M | 50x | as long as short |
| BingX TAO-USDT | +0.1210% | 4h | 317.06 | +0.083% | — | $37.3M | — | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 321.91 | +1.614% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
Bulk TAO-USD
Bullet TAO-USD
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Bybit TAOUSDT
Hyperliquid TAO
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
BingX TAO-USDT
Injective TAO/USDC PERP