Funding you earn now, next payment 06:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.129%
Price spread now: GRVT against Lighter+0.263%78s7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.263%, 7d avg −0.041%
=Together, before fees−0.208%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.304% dearer against Lighter than usual: you sell high and buy low (spread +0.263% now, against its 7-day average of −0.041%): +$30 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.212% in total) that is about 10 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% 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 | 318.12 | 0.0816 | pay 0.0102% / 1h | 16m 11s | $1.5M | $6.6M | 5x |
| Short | GRVT TAO_USDT_Perp | 318.95 | 0.0448 | get 0.0224% / 4h | 2h 16m | $545K | $935K | 10x |
Lighter TAO
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$77.28
- Price spread: +0.263% → −0.041%
- $30.36
- Slippage, 4 orders
- −$24.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$80.08
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; GRVT: live order book, 32 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 | 3.84 bp | 6.6 bp −$7 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 32 min ago | 1.43 bp | 9.3 bp −$9 | 21.2 bp −$212 | 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 | −0.0038% | 1h | 313.74 | −1.376% | $167K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.64 | −0.150% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0035% | 1h | 317.64 | −0.151% | $127K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.03 | −0.027% | $53K | $672K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.93 | −0.059% | $91.3M | $512.4M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.80 | −0.100% | $26.6M | $125.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.60 | −0.163% | $14.1M | $51.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.96 | −0.049% | $100.4M | $147.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.82 | −0.093% | $17.5M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.59 | −0.166% | $35.8M | $57.4M | 50x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX 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 | 318.55 | +0.137% | $42K | $316K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.82 | −0.093% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.56 | −0.175% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.04 | −0.339% | $116K | $565K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.80 | −0.100% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.02 | −0.030% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 318.03 | −0.027% | $2K | $942K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0117% | 4h | 317.93 | −0.059% | $53K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0127% / S +0.0141% | 1h | 317.59 | −0.167% | $425K | — | 100x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 318.03 | −0.027% | $363K | $420K | 10x | as long as short |
| Aster TAOUSDT | +0.0260% | 4h | 317.84 | −0.087% | $1.3M | $10.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0273% | 8h | 317.97 | −0.046% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0279% | 1h | 318.01 | −0.034% | $799K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0299% | 1h | 318.27 | +0.047% | $6.0M | $21.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0329% | 1h | 317.95 | −0.051% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 317.89 | −0.071% | $4.6M | $11.0M | 100x | as long as short |
| Bybit TAOUSDT | +0.0393% | 4h | 317.97 | −0.046% | $69.4M | $153.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0400% | 4h | 317.91 | −0.065% | — | $33.7M | — | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0448% | 4h | 318.95 | +0.263% | $545K | $935K | 10x | |
| Variational Omni TAO | +0.0459% | 4h | 318.52 | +0.126% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 318.34 | +0.070% | $103K | $345K | 5x | as long as short |
| Extended TAO-USD | +0.0496% | 1h | 317.87 | −0.079% | $906K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 319.50 | +0.435% | $318K | $713K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0520% | 1h | 319.52 | +0.441% | $45K | $256K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0606% | 1h | 318.01 | −0.032% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 317.92 | −0.061% | $366 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 318.22 | +0.032% | $3K | $4K | 5x | as long as short |
| Lighter TAOlong | +0.0816% | 1h | 318.12 | long leg | $1.5M | $6.6M | 5x | |
| Hyperliquid TAO | +0.0820% | 1h | 318.05 | −0.021% | $93.4M | $109.4M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0835% | 1h | 317.99 | −0.040% | $315K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 318.49 | +0.117% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 318.06 | −0.016% | $459K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 322.94 | +1.516% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex 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
Variational Omni TAO
Arcus TAO-USD
Extended TAO-USD
Phoenix TAO
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP