TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0415%/8h= −45.5% APRnext payment −$0.52 per $10,000 · paid last 24h −0.134%

Price spread now: Bullet against Lighter−0.063%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bullet is 0.063% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	316.79	0.0640	pay 0.0080% / 1h	46m 58s	$1.6M	$6.6M	5x
Short	Bullet TAO-USD	316.59	0.0225	get 0.0028% / 1h	46m 58s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BulletbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$87.24
Price spread: −0.063% → 0.000%: −$6.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$101.55
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; Bullet: no order-book sample. 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 Lighter live order book, 6 min ago	1.82 bp	6.1 bp −$6	21.6 bp −$216	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.25	−0.171%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0071%	1h	316.80	+0.002%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.21	+0.133%	$50K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	317.01	+0.069%	$920	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	+0.003%	$26.4M	$131.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.092%	$14.8M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.64	−0.047%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.43	−0.114%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.88	+0.028%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.94	+0.047%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	316.41	−0.120%	$116K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.55	−0.076%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.81	+0.006%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	316.71	−0.025%	$104.3M	$151.6M	300x	as long as short
Binance TAOUSDT	+0.0162%	4h	316.93	+0.044%	$92.8M	$531.8M	75x	as long as short
edgeX TAOUSDC	+0.0164%	4h	316.63	−0.049%	$42K	$321K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0204%	4h	316.55	−0.076%	$54K	$299K	10x	as long as short
Bullet TAO-USDshort	+0.0225%	1h	316.59	−0.063%	$12K	$17K	20x
GRVT TAO_USDT_Perp	+0.0228%	4h	316.92	+0.040%	$542K	$887K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	−0.189%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	317.25	+0.146%	$14K	$876	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0289%	1h	316.57	−0.068%	$15K	$1.9M	25x	as long as short
ApeX Omni TAOUSDT	+0.0294%	1h	316.58	−0.066%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	316.90	+0.036%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	317.23	+0.140%	$372K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0362% / S −0.0107%	1h	316.29	−0.159%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0376%	1h	316.63	−0.052%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	316.72	−0.022%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	317.36	+0.180%	$100K	$377K	5x	as long as short
Bybit TAOUSDT	+0.0526%	4h	317.01	+0.069%	$69.8M	$156.3M	50x	as long as short
Hyperliquid TAO	+0.0529%	1h	316.80	+0.003%	$93.3M	$110.1M	5x	as long as short
Nado TAO-PERP	+0.0565%	1h	316.73	−0.018%	$770K	$2.0M	10x	as long as short
BingX TAO-USDT	+0.0568%	4h	316.82	+0.009%	—	$37.4M	—	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.376%	$317K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.56	+0.243%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.248%	$5.6M	$10.1M	—	as long as short
Lighter TAOlong	+0.0640%	1h	316.79	long leg	$1.6M	$6.6M	5x
Reya TAORUSDPERP	+0.0698%	1h	316.52	−0.085%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0786%	1h	316.62	−0.053%	$6.0M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0786%	1h	316.79	0.000%	$317K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.95	+0.050%	$449K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.98	+0.060%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+0.811%	$23K	$2K	12x	as long as short