Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.118%
Price spread now: Lighter against Katana Perps+0.041%7-day average +0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.041%, 7d avg +0.049%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.056% in total (about 5.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps TAO-USD | 315.20 | 0.0098 | pay 0.0098% / 8h | 4h 20m | $645 | $799K | 5x |
| Short | Lighter TAO | 315.33 | 0.0320 | get 0.0040% / 1h | 20m 02s | $1.5M | $6.5M | 5x |
Katana Perps TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Katana Perps. 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
- $46.66
- Price spread: +0.041% → +0.049%
- −$0.8
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $42.06
- Costs to cover
- 0.038%
- Break-even
- 0.7 days
Slippage unknown: Katana Perps: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 1.71 bp | 4.5 bp −$5 | 23.3 bp −$233 | doesn't fit | doesn't fit |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 315.24 | +0.012% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.92 | −0.089% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 314.98 | −0.070% | $5.5M | $20.7M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.26 | +0.019% | $43K | $669K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0098% | 8h | 315.20 | long leg | $645 | $799K | 5x | |
| Binance TAOUSDT | +0.0100% | 4h | 314.96 | −0.076% | $90.9M | $494.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 315.07 | −0.041% | $68.0M | $148.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.10 | −0.032% | $26.0M | $120.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.80 | −0.127% | $12.9M | $50.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.01 | −0.060% | $110.5M | $144.0M | 300x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Binance TAOUSDT
Bybit 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 | 314.97 | −0.073% | $17.6M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.85 | −0.111% | $35.2M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 314.94 | −0.082% | — | $32.9M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.64 | +0.140% | $42K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.78 | +0.184% | $522K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.16 | −0.013% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.92 | −0.089% | $77K | $859K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.14 | −0.019% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.38 | +0.057% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.91 | −0.092% | $110K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.96 | −0.076% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.20 | −0.002% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0132% | 4h | 315.07 | −0.041% | $57K | $265K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0147% / S +0.0126% | 1h | 314.89 | −0.098% | $420K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0161% | 8h | 315.49 | +0.091% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0192% | 4h | 315.01 | −0.060% | $1.2M | $10.3M | 50x | as long as short |
| Nado TAO-PERP | +0.0199% | 1h | 315.18 | −0.006% | $801K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0200% | 1h | 315.03 | −0.053% | $922K | $2.4M | 25x | as long as short |
| Hyperliquid TAO | +0.0261% | 1h | 315.06 | −0.046% | $92.7M | $106.4M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0279% | 1h | 315.15 | −0.015% | $26K | $1.7M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0312% | 1h | 315.38 | +0.057% | $3K | $4K | 5x | as long as short |
| Lighter TAOshort | +0.0320% | 1h | 315.33 | +0.041% | $1.5M | $6.5M | 5x | |
| BloFin TAO-USDT | +0.0340% | 4h | 315.18 | −0.006% | $4.6M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.67 | +0.149% | $99K | $438K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0348% | 1h | 315.00 | −0.063% | $316K | $913K | 10x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 315.58 | +0.120% | $360K | $412K | 10x | as long as short |
| Variational Omni TAO | +0.0497% | 4h | 315.29 | +0.027% | $5.7M | $9.9M | — | as long as short |
| Phoenix TAO | +0.0581% | 1h | 315.50 | +0.095% | $314K | $697K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.99 | −0.068% | $362 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0933% | 1h | 314.34 | −0.273% | $167K | $2K | 10x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.39 | +0.060% | $435K | $651K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 315.69 | +0.155% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 318.85 | +1.158% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Aster TAOUSDT
Nado TAO-PERP
Extended TAO-USD
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
BloFin TAO-USDT
Arcus TAO-USD
Backpack TAO_USDC_PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Reya TAORUSDPERP
Bulk TAO-USD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP