TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.052%

Price spread now: Extended against Lighter−0.095%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.095%, 7d avg −0.083%

Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	320.66	0.0896	pay 0.0112% / 1h	36m 11s	$1.6M	$6.3M	5x
Short	Extended TAO-USD	320.35	0.0904	get 0.0113% / 1h	36m 11s	$939K	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.095%Rate

Funding earned: $1.68
Price spread: −0.095% → −0.083%: −$1.16
Slippage, 4 orders: −$25.07
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.55
Costs to cover: 0.301%
Break-even: 130.1 days

Slippage from Lighter: live order book, 12 min ago; Extended: 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, 12 min ago	2.29 bp	10.8 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	4.86 bp	7.4 bp −$7	9.0 bp −$90	doesn't fit	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	−0.3652%	1h	316.49	−1.299%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.84	+0.057%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.05	−0.188%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.77	+0.036%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.47	−0.058%	$93.4M	$474.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.10	−0.173%	$26.4M	$117.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	−0.049%	$13.1M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.46	−0.061%	$109.7M	$140.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.49	−0.052%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.27	−0.120%	$35.8M	$54.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.73	−0.288%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.02	+0.114%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.32	−0.105%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.67	+0.004%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.44	−0.067%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.69	+0.009%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0107%	4h	320.46	−0.061%	$58K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.84	+0.057%	$682	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0106%	1h	320.08	−0.180%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.409%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	320.47	−0.059%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0303%	1h	320.58	−0.022%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0320%	8h	321.19	+0.167%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.38	+0.226%	$4.5M	$10.7M	100x	as long as short
Aster TAOUSDT	+0.0342%	4h	320.53	−0.039%	$1.2M	$9.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0376%	1h	320.33	−0.103%	$17K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	321.17	+0.161%	$379K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.049%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	321.45	+0.248%	$101K	$490K	5x	as long as short
Nado TAO-PERP	+0.0539%	1h	320.54	−0.037%	$777K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0591%	4h	320.40	−0.080%	$68.5M	$140.6M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	320.37	−0.089%	—	$30.3M	—	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.454%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.58	−0.023%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	321.39	+0.229%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.137%	$5.9M	$9.7M	—	as long as short
Lighter TAOlong	+0.0896%	1h	320.66	long leg	$1.6M	$6.3M	5x
Extended TAO-USDshort	+0.0904%	1h	320.35	−0.095%	$939K	$2.3M	25x
Backpack TAO_USDC_PERP	+0.1015%	1h	321.59	+0.291%	$442K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	321.63	+0.304%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	321.21	+0.173%	$457K	$627K	5x	as long as short
Hyperliquid TAO	+0.1355%	1h	320.95	+0.092%	$100.9M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.846%	$24K	$2K	12x	as long as short