Funding you earn now, next payment 01:00 UTC−0.0759%/8h= −83.1% APRpaid last 24h −0.081%
Price spread now: Bybit against Lighter−0.130%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.130%, 7d avg −0.038%
=Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.093% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.1% 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 | 316.74 | 0.1432 | pay 0.0179% / 1h | 12m 04s | $1.7M | $6.1M | 5x |
| Short | Bybit TAOUSDT | 316.33 | 0.0673 | get 0.0337% / 4h | 3h 12m | $65.2M | $133.4M | 50x |
Lighter TAO
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$159.34
- Price spread: −0.130% → −0.038%
- −$9.27
- Slippage, 4 orders
- −$31.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$210.9
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Bybit: live order book, 2 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 | 2.59 bp | 7.4 bp −$7 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.16 bp | 12.0 bp −$12 | 18.8 bp −$188 | 35.5 bp −$3,554 | 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 | −0.1821% | 1h | 318.67 | +0.608% | $169K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.74 | −0.318% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.03 | −0.225% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.17 | −0.181% | $42K | $598K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.15 | −0.187% | $90.6M | $450.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.00 | −0.235% | $25.7M | $108.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.90 | −0.266% | $12.8M | $51.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.27 | −0.149% | $98.9M | $136.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.21 | −0.168% | $17.9M | $29.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.85 | −0.282% | $35.2M | $51.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 316.13 | −0.193% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.19 | −0.175% | $524K | $958K | 10x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 316.35 | −0.124% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.24 | −0.159% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.93 | −0.257% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.39 | −0.111% | $126K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.47 | −0.086% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.97 | +0.072% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 316.27 | −0.149% | $1K | $636K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 315.92 | −0.259% | $448K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.15 | −0.188% | $375K | $375K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 316.35 | −0.124% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0206% | 4h | 316.14 | −0.190% | $1.2M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0232% | 8h | 316.08 | −0.209% | $14K | $1K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0247% | 1h | 316.20 | −0.171% | $48K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0269% | 1h | 316.44 | −0.096% | $92K | $633K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.46 | −0.089% | $4.5M | $10.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0365% | 1h | 316.22 | −0.165% | $17K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0485% | 1h | 316.26 | −0.152% | $5.7M | $20.3M | 50x | as long as short |
| Variational Omni TAO | +0.0516% | 4h | 316.67 | −0.024% | $5.5M | $8.7M | — | as long as short |
| Phoenix TAO | +0.0525% | 1h | 316.60 | −0.045% | $331K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 316.26 | −0.152% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.324% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0628% | 4h | 316.11 | −0.200% | — | $30.5M | — | as long as short |
| Bybit TAOUSDTshort | +0.0673% | 4h | 316.33 | −0.130% | $65.2M | $133.4M | 50x | |
| Reya TAORUSDPERP | +0.0695% | 1h | 316.26 | −0.151% | $364 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0764% | 1h | 316.03 | −0.226% | $877K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0803% | 1h | 316.24 | −0.159% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 316.73 | −0.004% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1112% | 1h | 316.25 | −0.157% | $886K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.15 | −0.187% | $418K | $593K | 5x | as long as short |
| Lighter TAOlong | +0.1432% | 1h | 316.74 | long leg | $1.7M | $6.1M | 5x | |
| Hyperliquid TAO | +0.1845% | 1h | 316.48 | −0.083% | $101.4M | $91.8M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Hyperliquid TAO