Funding you earn now, next payment 05:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.057%
Price spread now: Lighter against Extended+0.072%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.072%, 7d avg +0.084%
=Together, before fees+0.024%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 | Extended TAO-USD | 311.37 | 0.0312 | pay 0.0039% / 1h | 1m 07s | $906K | $2.4M | 25x |
| Short | Lighter TAO | 311.59 | 0.0592 | get 0.0074% / 1h | 1m 07s | $1.5M | $6.6M | 5x |
Extended TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $58.8
- Price spread: +0.072% → +0.084%
- −$1.22
- Slippage, 4 orders
- −$22.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $29.59
- Costs to cover
- 0.280%
- Break-even
- 3.5 days
Slippage from Extended: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 3 min ago | 2.72 bp | 5.5 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.29 bp | 6.0 bp −$6 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0349% | 1h | 311.27 | −0.033% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.92 | −0.144% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0023% | 1h | 310.54 | −0.266% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.24 | −0.041% | $48K | $662K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 311.16 | −0.067% | $3K | $867K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 310.78 | −0.191% | $354K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.36 | −0.003% | $88.9M | $503.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.30 | −0.022% | $26.0M | $120.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.10 | −0.086% | $13.4M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.45 | +0.026% | $103.2M | $145.9M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.16 | −0.067% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.99 | −0.122% | $35.0M | $56.8M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.26 | −0.035% | $41K | $315K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.05 | −0.103% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.08 | −0.093% | $81K | $905K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.24 | −0.041% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.00 | −0.119% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.54 | −0.266% | $110K | $542K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.22 | −0.049% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0110% | 4h | 310.96 | −0.133% | $1.3M | $10.5M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0114% | 4h | 311.90 | +0.171% | $530K | $942K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 311.19 | −0.058% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0134% / S +0.0137% | 1h | 310.87 | −0.159% | $413K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0176% | 8h | 310.67 | −0.225% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0228% | 4h | 311.40 | +0.010% | $3.1M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.30 | −0.022% | $100K | $370K | 5x | as long as short |
| Bulk TAO-USD | +0.0253% | 1h | 311.89 | +0.167% | $166K | $333 | 10x | as long as short |
| Bybit TAOUSDT | +0.0282% | 4h | 311.38 | +0.003% | $67.3M | $151.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0304% | 4h | 311.41 | +0.013% | — | $33.8M | — | as long as short |
| Nado TAO-PERP | +0.0307% | 1h | 311.28 | −0.029% | $774K | $2.2M | 10x | as long as short |
| Extended TAO-USDlong | +0.0312% | 1h | 311.37 | long leg | $906K | $2.4M | 25x | |
| BloFin TAO-USDT | +0.0340% | 4h | 311.24 | −0.041% | $4.5M | $10.7M | 100x | as long as short |
| Variational Omni TAO | +0.0350% | 4h | 311.27 | −0.032% | $5.5M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.40 | +0.331% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0465% | 1h | 311.55 | +0.058% | $91.3M | $108.2M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0481% | 1h | 311.56 | +0.061% | $309K | $885K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0504% | 1h | 311.45 | +0.026% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0570% | 1h | 311.31 | −0.017% | $12K | $1.8M | 25x | as long as short |
| Lighter TAOshort | +0.0592% | 1h | 311.59 | +0.072% | $1.5M | $6.6M | 5x | |
| Reya TAORUSDPERP | +0.0697% | 1h | 311.23 | −0.046% | $358 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 311.14 | −0.075% | $441K | $648K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.02 | +0.209% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.73 | +1.401% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Phemex TAOUSDT
Arcus TAO-USD
Bulk TAO-USD
Bybit TAOUSDT
BingX TAO-USDT
Nado TAO-PERP
BloFin TAO-USDT
Variational Omni TAO
Phoenix TAO
Hyperliquid TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP