Funding you earn now, next payment 09:00 UTC−0.0458%/8h= −50.2% APRpaid last 24h −0.134%
Price spread now: BingX against Lighter+0.026%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.026%, 7d avg −0.054%
=Together, before fees−0.229%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.080% dearer against Lighter than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.054%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.197% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.197% in total (about -10.3% 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 | Lighter TAO | 319.91 | 0.0624 | pay 0.0078% / 1h | 10m 51s | $1.6M | $6.8M | 5x |
| Short | BingX TAO-USDT | 319.99 | 0.0166 | get 0.0083% / 4h | 3h 10m | — | $38.8M | — |
Lighter TAO
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$96.18
- Price spread: +0.026% → −0.054%
- $8.01
- Slippage, 4 orders
- −$14.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$112.26
- Costs to cover
- 0.241%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; BingX: live order book, 3 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, 7 min ago | 1.13 bp | 7.7 bp −$8 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.94 bp | 7.3 bp −$7 | 12.2 bp −$122 | 20.7 bp −$2,073 | 51.0 bp −$25.5K |
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 | −0.0269% | 1h | 313.94 | −1.866% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 319.46 | −0.140% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.61 | −0.093% | $49K | $699K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 319.99 | +0.026% | $70.0M | $153.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | −0.034% | $26.6M | $129.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.70 | −0.065% | $15.2M | $50.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.82 | −0.028% | $17.6M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.72 | −0.059% | $36.0M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.40 | −0.159% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.53 | −0.118% | $1K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 319.13 | −0.243% | $116K | $546K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.54 | −0.115% | $3.2M | $8.2M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 319.47 | −0.137% | $1K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.93 | +0.007% | $176K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0162% | 4h | 320.05 | +0.044% | $112.7M | $154.6M | 300x | as long as short |
| Binance TAOUSDT | +0.0163% | 4h | 319.99 | +0.026% | $93.2M | $517.1M | 75x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 318.91 | −0.313% | $42K | $323K | 10x | as long as short |
| BingX TAO-USDTshort | +0.0166% | 4h | 319.99 | +0.026% | — | $38.8M | — | |
| Paradex TAO-USD-PERP | +0.0234% | 8h | 319.69 | −0.068% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0242% | 4h | 319.74 | −0.053% | $54K | $271K | 10x | as long as short |
| Bullet TAO-USD | +0.0289% | 1h | 319.79 | −0.037% | $12K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0292% | 1h | 319.06 | −0.265% | $45K | $256K | 50x | as long as short |
| Aster TAOUSDT | +0.0329% | 4h | 320.00 | +0.028% | $1.3M | $11.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0332% | 4h | 319.18 | −0.226% | $541K | $838K | 10x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 319.74 | −0.051% | $363K | $437K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0366% / S −0.0109% | 1h | 319.45 | −0.145% | $379K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0403% | 4h | 319.69 | −0.068% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.87 | −0.012% | $101K | $340K | 5x | as long as short |
| Extended TAO-USD | +0.0408% | 1h | 319.78 | −0.041% | $968K | $2.3M | 25x | as long as short |
| dYdX TAO-USD | +0.0424% | 1h | 319.35 | −0.176% | $129K | $87K | 5x | as long as short |
| Nado TAO-PERP | +0.0442% | 1h | 319.73 | −0.055% | $751K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.80 | −0.034% | $322K | $714K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0595% | 1h | 319.74 | −0.052% | $9K | $1.8M | 25x | as long as short |
| Variational Omni TAO | +0.0612% | 4h | 318.74 | −0.365% | $5.6M | $9.9M | — | as long as short |
| Lighter TAOlong | +0.0624% | 1h | 319.91 | long leg | $1.6M | $6.8M | 5x | |
| Hyperliquid TAO | +0.0638% | 1h | 320.00 | +0.029% | $95.1M | $109.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 319.79 | −0.037% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 319.67 | −0.073% | $368 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0736% | 1h | 319.80 | −0.034% | $317K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0778% | 1h | 319.75 | −0.048% | $6.1M | $20.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 319.50 | −0.129% | $437K | $714K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.22 | +0.098% | $1.1M | $7.4M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 322.62 | +0.848% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
Bullet TAO-USD
ApeX Omni TAOUSDT
Aster TAOUSDT
GRVT TAO_USDT_Perp
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Arcus TAO-USD
Extended TAO-USD
dYdX TAO-USD
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP