TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0954%/8h= −104.5% APRnext payment −$1.19 per $10,000 · paid last 24h +0.523%

Price spread now: Injective against Lighter+0.457%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.228%+$323 on $10k

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

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

The price spread pays, funding is against you. Injective is 0.457% dearer against Lighter than usual: you sell high and buy low (spread +0.457% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +3.228%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	317.22	0.1424	pay 0.0178% / 1h	23m 04s	$1.6M	$6.1M	5x
Short	Injective TAO/USDC PERP	318.67	0.0470	get 0.0059% / 1h	23m 04s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.457%Rate

Funding earned: −$200.43
Price spread: +0.457% → 0.000%: $45.68
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$154.78
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Injective: 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, 5 min ago	3.69 bp	11.6 bp −$12	26.9 bp −$269	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 42 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
dYdX TAO-USD	0.0000%	1h	316.42	−0.252%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.42	−0.253%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.64	−0.183%	$40K	$631K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.88	−0.107%	$90.8M	$465.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	−0.101%	$26.2M	$113.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.60	−0.196%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.92	−0.095%	$110.4M	$138.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.94	−0.089%	$18.1M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.83	−0.123%	$35.4M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.926%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.782%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.89	−0.104%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.74	−0.152%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.46	−0.240%	$130K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.60	−0.196%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.20	−0.006%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	316.54	−0.215%	$673	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0136%	1h	316.65	−0.180%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.759%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.72	−0.157%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	316.27	−0.299%	$442K	—	100x	as long as short
Bullet TAO-USD	+0.0235%	1h	316.69	−0.167%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0246%	4h	316.73	−0.155%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	316.68	−0.170%	$372K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	316.93	−0.092%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0345%	8h	316.68	−0.169%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERPshort	+0.0470%	1h	318.67	+0.457%	$23K	$2K	12x
Nado TAO-PERP	+0.0501%	1h	316.67	−0.174%	$789K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	−0.416%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	317.17	−0.016%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0664%	1h	316.75	−0.148%	$23K	$1.5M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.70	−0.164%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	317.06	−0.051%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.526%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0823%	4h	316.98	−0.076%	$66.5M	$137.8M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	316.88	−0.108%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0919%	1h	317.04	−0.057%	$320K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.98	−0.076%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	316.61	−0.192%	$452K	$631K	5x	as long as short
Hyperliquid TAO	+0.1286%	1h	317.48	+0.082%	$100.7M	$94.8M	5x	as long as short
Lighter TAOlong	+0.1424%	1h	317.22	long leg	$1.6M	$6.1M	5x
Bulk TAO-USD	+0.2752%	1h	308.95	−2.609%	$164K	$40K	10x	as long as short