Funding you earn now, next payment 22:00 UTC−0.0816%/8h= −89.4% APRnext payment −$1.02 per $10,000 · paid last 24h −0.057%
Price spread now: Popdex against Lighter−0.022%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 3 days (all we have)−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.022%, 7d avg −0.076%
=Together, before fees−0.040%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 0.053% dearer against Lighter than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.076%): +$5 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 3 days (−0.134% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.134% in total (about -14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 per $10,000. 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 | 307.98 | 0.0912 | pay 0.0114% / 1h | 11m 37s | $1.7M | $4.8M | 5x |
| Short | Popdex TAOUSDT | 307.91 | 0.0096 | get 0.0012% / 1h | 11m 37s | $41K | $528K | 20x |
Lighter TAO
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$171.36
- Price spread: −0.022% → −0.076%
- $5.35
- Slippage, 4 orders
- −$29.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$201.49
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Popdex: live order book, 12 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 | 3.31 bp | 7.3 bp −$7 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 12 min ago | 1.78 bp | 11.1 bp −$11 | 84.7 bp −$847 | 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 | −0.0601% | 1h | 309.73 | +0.569% | $203K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 307.30 | −0.222% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 308.07 | +0.031% | $26K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0026% | 1h | 308.21 | +0.076% | $15K | $1.3M | 25x | as long as short |
| Popdex TAOUSDTshort | +0.0096% | 1h | 307.91 | −0.022% | $41K | $528K | 20x | |
| Pacifica TAO | +0.0100% | 1h | 307.66 | −0.105% | $364K | $367K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.52 | −0.149% | $86.2M | $405.0M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.59 | −0.126% | $59.8M | $119.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.60 | −0.123% | $25.4M | $93.4M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.01 | +0.010% | $137K | $603K | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 307.40 | −0.188% | $12.2M | $48.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.56 | −0.136% | $118.4M | $125.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.40 | −0.188% | $18.6M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.41 | −0.184% | $34.4M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 307.74 | −0.077% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 309.10 | +0.363% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.74 | +0.572% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.81 | +0.596% | $551K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.90 | +0.624% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.40 | +0.137% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.31 | +0.107% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.13 | +0.049% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.42 | +0.144% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.16 | +0.059% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.02 | +0.014% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.33 | +0.116% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 307.83 | −0.048% | $880 | $449K | 5x | as long as short |
| Aster TAOUSDT | +0.0154% | 4h | 307.45 | −0.170% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0157% | 8h | 307.65 | −0.106% | $14K | $1K | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 307.60 | −0.123% | $326K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0306% | 1h | 308.43 | +0.146% | $853K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 308.46 | +0.157% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0485% / S −0.0184% | 1h | 308.03 | +0.017% | $453K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0528% | 1h | 308.19 | +0.069% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.33 | +0.114% | $355 | — | 20x | as long as short |
| Extended TAO-USD | +0.0728% | 1h | 307.73 | −0.082% | $907K | $2.0M | 25x | as long as short |
| Lighter TAOlong | +0.0912% | 1h | 307.98 | long leg | $1.7M | $4.8M | 5x | |
| Backpack TAO_USDC_PERP | +0.0954% | 1h | 308.20 | +0.072% | $383K | $753K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.60 | +0.851% | $1.5M | $5.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1022% | 1h | 308.53 | +0.180% | $6.4M | $19.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.96 | −0.007% | $412K | $542K | 5x | as long as short |
| Hyperliquid TAO | +0.1801% | 1h | 308.16 | +0.059% | $96.3M | $77.4M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.244% | $22K | $271 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP