Funding you earn now, next payment 06:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h −0.129%
Price spread now: Binance against Lighter−0.112%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 7 days+0.143%+$14 · spread now −0.112%, 7d avg −0.048%
=Together, before fees−0.107%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.250% in total (about -13.1% 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 | 318.34 | 0.0816 | pay 0.0102% / 1h | 17m 26s | $1.5M | $6.6M | 5x |
| Short | Binance TAOUSDT | 317.99 | 0.0100 | get 0.0050% / 4h | 2h 17m | $91.3M | $512.3M | 75x |
Lighter TAO
Binance TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$150.36
- Price spread: −0.112% → −0.048%
- −$6.41
- Slippage, 4 orders
- −$19.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$185.99
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 11 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 | 3.84 bp | 6.6 bp −$7 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.16 bp | 6.3 bp −$6 | 14.8 bp −$148 | 35.9 bp −$3,593 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.0038% | 1h | 313.74 | −1.446% | $167K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.72 | −0.195% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0036% | 1h | 317.84 | −0.159% | $127K | $85K | 5x | as long as short |
| Binance TAOUSDTshort | +0.0100% | 4h | 317.99 | −0.112% | $91.3M | $512.3M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.90 | −0.139% | $26.6M | $125.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.80 | −0.171% | $14.2M | $51.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 318.04 | −0.095% | $100.5M | $147.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.24 | −0.032% | $17.5M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.78 | −0.177% | $35.8M | $57.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.55 | +0.066% | $42K | $316K | 10x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.90 | −0.139% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.75 | +0.128% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.64 | +0.093% | $116K | $564K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.83 | +0.153% | $3.2M | $8.0M | 50x | as long as short |
| Popdex TAOUSDT | +0.0104% | 1h | 318.39 | +0.015% | $53K | $672K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.20 | −0.046% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 318.43 | +0.027% | $2K | $942K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0118% | 4h | 318.01 | −0.105% | $53K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0127% / S +0.0141% | 1h | 317.57 | −0.243% | $426K | — | 100x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 318.27 | −0.023% | $363K | $420K | 10x | as long as short |
| Aster TAOUSDT | +0.0263% | 4h | 318.36 | +0.005% | $1.3M | $10.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0275% | 8h | 318.59 | +0.078% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0277% | 1h | 318.04 | −0.094% | $799K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0298% | 1h | 319.33 | +0.311% | $6.0M | $21.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0329% | 1h | 318.07 | −0.084% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.93 | +0.184% | $4.6M | $11.0M | 100x | as long as short |
| Bybit TAOUSDT | +0.0390% | 4h | 318.16 | −0.057% | $69.4M | $153.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0400% | 4h | 317.96 | −0.120% | — | $33.7M | — | as long as short |
| GRVT TAO_USDT_Perp | +0.0448% | 4h | 318.95 | +0.191% | $545K | $935K | 10x | as long as short |
| Variational Omni TAO | +0.0459% | 4h | 318.52 | +0.055% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 318.83 | +0.153% | $103K | $345K | 5x | as long as short |
| Extended TAO-USD | +0.0504% | 1h | 318.36 | +0.007% | $906K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 319.50 | +0.363% | $318K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0513% | 1h | 317.98 | −0.113% | $15K | $1.8M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0520% | 1h | 319.52 | +0.370% | $45K | $256K | 50x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 317.90 | −0.139% | $366 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 318.56 | +0.068% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0816% | 1h | 318.40 | +0.018% | $93.6M | $109.2M | 5x | as long as short |
| Lighter TAOlong | +0.0816% | 1h | 318.34 | long leg | $1.5M | $6.6M | 5x | |
| Backpack TAO_USDC_PERP | +0.0845% | 1h | 319.02 | +0.213% | $316K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 319.49 | +0.360% | $1.5M | $7.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 318.44 | +0.029% | $460K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 322.94 | +1.444% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Popdex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Paradex TAO-USD-PERP
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
Bybit TAOUSDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
Variational Omni TAO
Arcus TAO-USD
Extended TAO-USD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP