Funding you earn now, next payment 01:00 UTC−0.1428%/8h= −156.4% APRpaid last 24h −0.081%
Price spread now: MEXC against Lighter+0.017%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$170.175% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days−0.118%−$12 · spread now +0.017%, 7d avg −0.051%
=Together, before fees−0.333%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.068% dearer against Lighter than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.051%): +$7 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.214% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% 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 | 320.00 | 0.1528 | pay 0.0191% / 1h | 36m 13s | $1.7M | $6.0M | 5x |
| Short | MEXC TAO_USDT | 320.06 | 0.0100 | get 0.0050% / 4h | 3h 36m | $107.6M | $133.9M | 300x |
Lighter TAO
MEXC TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$299.88
- Price spread: +0.017% → −0.051%
- $6.83
- Slippage, 4 orders
- −$17.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$310.51
- Costs to cover
- 0.175%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; MEXC: live order book, 3 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 | 1.72 bp | 6.0 bp −$6 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.42 bp | 5.5 bp −$6 | 18.9 bp −$189 | 28.7 bp −$2,869 | 90.3 bp −$45.1K |
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 | −0.1322% | 1h | 319.84 | −0.052% | $170K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.0658% | 4h | 319.31 | −0.217% | $3.5M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.25 | −0.236% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.70 | −0.095% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.26 | −0.233% | $43K | $586K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.75 | −0.080% | $92.5M | $445.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.70 | −0.095% | $26.2M | $108.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.70 | −0.095% | $13.0M | $50.3M | 50x | as long as short |
| MEXC TAO_USDTshort | +0.0100% | 4h | 320.06 | +0.017% | $107.6M | $133.9M | 300x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.58 | −0.445% | $18.2M | $29.1M | 75x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 319.96 | −0.014% | $35.7M | $50.1M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.20 | −0.563% | $40K | $292K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.52 | −1.088% | $524K | $960K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.83 | −0.055% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.90 | −0.033% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.06 | +0.017% | $128K | $424K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 320.33 | +0.101% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 319.34 | −0.208% | $2K | $615K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0089% | 1h | 319.76 | −0.077% | $463K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0174% | 1h | 320.09 | +0.027% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 319.84 | −0.052% | $379K | $374K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0192% | 1h | 318.59 | −0.442% | $48K | $266K | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 319.88 | −0.039% | $85K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0228% | 4h | 319.55 | −0.142% | $1.1M | $8.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0238% | 8h | 319.71 | −0.092% | $15K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0247% | 1h | 320.03 | +0.006% | $18K | $1.6M | 25x | as long as short |
| Polymarket Perps TAO-USD | +0.0310% | 1h | 319.65 | −0.111% | $94K | $638K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.91 | −0.030% | $4.5M | $10.9M | 100x | as long as short |
| Bybit TAOUSDT | +0.0364% | 4h | 319.98 | −0.008% | $65.7M | $132.5M | 50x | as long as short |
| Variational Omni TAO | +0.0398% | 4h | 320.33 | +0.100% | $5.6M | $8.7M | — | as long as short |
| BingX TAO-USDT | +0.0428% | 4h | 320.14 | +0.042% | — | $30.5M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0479% | 1h | 319.81 | −0.061% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.50 | −0.783% | $332K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 318.09 | −0.598% | $23K | $665 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 319.75 | −0.080% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.52 | −0.151% | $367 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0778% | 1h | 318.91 | −0.342% | $891K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0875% | 1h | 320.16 | +0.048% | $324K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 319.95 | −0.017% | $1.5M | $6.2M | 50x | as long as short |
| Extended TAO-USD | +0.1120% | 1h | 320.13 | +0.038% | $934K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 319.73 | −0.085% | $425K | $600K | 5x | as long as short |
| Lighter TAOlong | +0.1528% | 1h | 320.00 | long leg | $1.7M | $6.0M | 5x | |
| Hyperliquid TAO | +0.2427% | 1h | 320.19 | +0.058% | $103.4M | $90.6M | 5x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Pacifica TAO
ApeX Omni TAOUSDT
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Polymarket Perps TAO-USD
BloFin TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
BingX TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Hyperliquid TAO