Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.27 per $10,000 · paid last 24h −0.116%
Price spread now: ApeX Omni against Lighter−0.018%108s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)+0.505%+$51 · spread now −0.018%, 7d avg −0.040%
=Together, before fees+0.329%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.022% dearer against Lighter than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.040%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.176% in total) that is about 21 hours. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TAO | 315.22 | 0.0312 | pay 0.0039% / 1h | 21m 43s | $1.5M | $6.5M | 5x |
| Short | ApeX Omni TAOUSDT | 315.16 | 0.0100 | get 0.0013% / 1h | 21m 43s | $46K | $254K | 50x |
Lighter TAO
ApeX Omni TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- −$44.52
- Price spread: −0.018% → −0.040%
- $2.18
- Slippage, 4 orders
- −$33.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$85.58
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; ApeX Omni: live order book, 35 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 Lighter live order book, 6 min ago | 2.54 bp | 11.6 bp −$12 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 35 min ago | 5.36 bp | 13.0 bp −$13 | 133.3 bp −$1,333 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 314.98 | −0.075% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.12 | −0.030% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 315.22 | +0.002% | $5.5M | $20.7M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.55 | +0.106% | $43K | $668K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 315.40 | +0.058% | $646 | $799K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.96 | −0.081% | $90.9M | $494.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.95 | −0.084% | $68.0M | $148.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | −0.132% | $26.0M | $120.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.00 | −0.069% | $12.9M | $50.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.95 | −0.084% | $110.5M | $144.0M | 300x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Katana Perps TAO-USD
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 | 314.92 | −0.094% | $17.6M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.80 | −0.132% | $35.2M | $56.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 315.22 | +0.001% | — | $32.9M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.91 | −0.098% | $42K | $311K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.20 | −0.323% | $520K | $955K | 10x | as long as short |
| ApeX Omni TAOUSDTshort | +0.0100% | 1h | 315.16 | −0.018% | $46K | $254K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.28 | +0.020% | $77K | $859K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.35 | +0.041% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.22 | +0.001% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.91 | −0.097% | $110K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.04 | −0.056% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.37 | +0.049% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0132% | 4h | 315.30 | +0.027% | $57K | $265K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0147% / S +0.0126% | 1h | 315.09 | −0.039% | $420K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 314.93 | −0.092% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0194% | 1h | 315.41 | +0.061% | $802K | $2.2M | 10x | as long as short |
| Aster TAOUSDT | +0.0195% | 4h | 315.07 | −0.047% | $1.2M | $10.3M | 50x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 315.12 | −0.030% | $922K | $2.4M | 25x | as long as short |
| Hyperliquid TAO | +0.0257% | 1h | 315.29 | +0.023% | $92.7M | $106.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0304% | 1h | 315.79 | +0.182% | $3K | $4K | 5x | as long as short |
| Lighter TAOlong | +0.0312% | 1h | 315.22 | long leg | $1.5M | $6.5M | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0329% | 1h | 315.36 | +0.045% | $30K | $1.7M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.00 | +0.249% | $4.5M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.80 | +0.185% | $100K | $438K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0348% | 1h | 315.11 | −0.034% | $316K | $913K | 10x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 315.05 | −0.053% | $359K | $412K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 314.38 | −0.266% | $5.7M | $9.9M | — | as long as short |
| Phoenix TAO | +0.0581% | 1h | 315.50 | +0.090% | $314K | $697K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 315.34 | +0.039% | $363 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0933% | 1h | 314.34 | −0.278% | $167K | $2K | 10x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.61 | +0.125% | $435K | $651K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 316.02 | +0.255% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 318.85 | +1.153% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
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
Nado TAO-PERP
Aster TAOUSDT
Extended TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
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