Funding you earn now, next payment 09:00 UTC−0.0379%/8h= −41.6% APRpaid last 24h −0.104%
Price spread now: Aster against Lighter−0.006%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 6 days (all we have)−0.048%−$5 on $10k
+Price spread, last 7 days+0.200%+$20 · spread now −0.006%, 7d avg +0.032%
=Together, before fees+0.152%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.048% in total (about -3.1% 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 | Lighter TAO | 318.17 | 0.0696 | pay 0.0087% / 1h | 22m 45s | $1.6M | $6.7M | 5x |
| Short | Aster TAOUSDT | 318.15 | 0.0317 | get 0.0158% / 4h | 3h 22m | $1.2M | $11.2M | 50x |
Lighter TAO
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$79.69
- Price spread: −0.006% → +0.032%
- −$3.83
- Slippage, 4 orders
- −$13.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$104.55
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 1 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, 5 min ago | 0.84 bp | 2.1 bp −$2 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Aster live order book, 1 min ago | 2.51 bp | 8.3 bp −$8 | 20.0 bp −$200 | 141.3 bp −$14.1K | 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 −0.0003% | 1h | 318.92 | +0.235% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.32 | +0.360% | $51K | $698K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 317.80 | −0.117% | $69.4M | $155.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.70 | −0.149% | $26.5M | $130.4M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.14 | −0.953% | $167K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.40 | −0.243% | $15.1M | $49.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.05 | −0.039% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.01 | −0.051% | $35.9M | $57.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.76 | −1.387% | $45K | $256K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.90 | +0.228% | $88K | $1.1M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.60 | +0.134% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.87 | +0.219% | $115K | $575K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.48 | +0.096% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0105% | 8h | 317.98 | −0.061% | $651 | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 318.40 | +0.071% | $175K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0136% | 4h | 313.92 | −1.336% | $41K | $321K | 10x | as long as short |
| BingX TAO-USDT | +0.0137% | 4h | 318.13 | −0.014% | — | $38.8M | — | as long as short |
| MEXC TAO_USDT | +0.0140% | 4h | 317.78 | −0.124% | $107.3M | $153.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0153% | 4h | 317.78 | −0.124% | $92.8M | $523.5M | 75x | as long as short |
| GRVT TAO_USDT_Perp | +0.0208% | 4h | 313.72 | −1.398% | $531K | $838K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0227% | 4h | 318.95 | +0.244% | $54K | $298K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 317.76 | −0.130% | $14K | $876 | 10x | as long as short |
| dYdX TAO-USD | +0.0244% | 1h | 317.74 | −0.137% | $128K | $86K | 5x | as long as short |
| Bullet TAO-USD | +0.0276% | 1h | 319.33 | +0.364% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDTshort | +0.0317% | 4h | 318.15 | −0.006% | $1.2M | $11.2M | 50x | |
| Pacifica TAO | +0.0349% | 1h | 317.89 | −0.089% | $366K | $445K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0363% / S −0.0107% | 1h | 318.23 | +0.019% | $374K | — | 100x | as long as short |
| Extended TAO-USD | +0.0376% | 1h | 317.62 | −0.174% | $901K | $2.2M | 25x | as long as short |
| BloFin TAO-USDT | +0.0381% | 4h | 319.21 | +0.326% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 318.51 | +0.106% | $100K | $360K | 5x | as long as short |
| Nado TAO-PERP | +0.0451% | 1h | 319.19 | +0.318% | $771K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0520% | 1h | 318.25 | +0.024% | $93.3M | $108.1M | 5x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 315.70 | −0.777% | $318K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0584% | 1h | 319.95 | +0.559% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0597% | 4h | 313.84 | −1.361% | $5.5M | $10.1M | — | as long as short |
| Lighter TAOlong | +0.0696% | 1h | 318.17 | long leg | $1.6M | $6.7M | 5x | |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | +0.340% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0723% | 1h | 318.29 | +0.037% | $314K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0780% | 1h | 318.94 | +0.240% | $6.1M | $21.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.31 | +0.045% | $453K | $706K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0893% | 1h | 318.93 | +0.237% | $9K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.58 | +0.442% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.127% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
edgeX TAOUSDC
BingX TAO-USDT
MEXC TAO_USDT
Binance TAOUSDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
dYdX TAO-USD
Bullet TAO-USD
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Phoenix TAO
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP