TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0442%/8h= +48.4% APRnext payment +$0.55 per $10,000 · paid last 24h +0.059%

Price spread now: RISEx against Lighter−0.119%7-day average −0.055% · 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−$31as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.303%+$30 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.119%, 7d avg −0.055%

Together, before fees+0.512%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.064% cheaper against Lighter than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.055%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	314.68	0.0224	pay 0.0028% / 1h	7m 36s	$1.6M	$6.7M	5x
Short	RISEx TAO/USDC	314.31	0.0666	get 0.0083% / 1h	7m 36s	$438K	$655K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.119%Rate

Funding earned: $92.87
Price spread: −0.119% → −0.055%: −$6.36
Slippage, 4 orders: −$18.95
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $61.55
Costs to cover: 0.250%
Break-even: 2.4 days

Slippage from Lighter: live order book, 4 min ago; RISEx: live order book, 39 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, 4 min ago	1.54 bp	5.8 bp −$6	18.5 bp −$185	doesn't fit	doesn't fit
Sell RISEx live order book, 39 min ago	2.22 bp	5.2 bp −$5	16.7 bp −$167	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	314.40	−0.089%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.92	+0.076%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.058%	$26.8M	$127.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.121%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.64	−0.013%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.26	−0.134%	$35.6M	$55.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.81	+0.041%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.78	+0.031%	$69K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.64	−0.013%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.48	−0.064%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.30	−0.121%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.37	−0.100%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.84	+0.049%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0137%	4h	314.78	+0.032%	$42K	$323K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.60	−0.026%	$110.5M	$150.6M	300x	as long as short
Binance TAOUSDT	+0.0153%	4h	314.57	−0.035%	$93.2M	$511.1M	75x	as long as short
Phemex TAOUSDT	+0.0182%	4h	314.57	−0.035%	$3.2M	$8.2M	50x	as long as short
Lighter TAOlong	+0.0224%	1h	314.68	long leg	$1.6M	$6.7M	5x
Pacifica TAO	+0.0240%	1h	314.63	−0.016%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	314.48	−0.063%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERP	+0.0256%	8h	314.49	−0.061%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0264%	4h	314.48	−0.064%	—	$37.9M	—	as long as short
Orderly PERP_TAO_USDC	+0.0266%	4h	314.71	+0.009%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0277%	4h	314.65	−0.010%	$69.3M	$155.5M	50x	as long as short
Bullet TAO-USD	+0.0301%	1h	314.92	+0.075%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0313%	4h	314.68	0.000%	$1.3M	$11.4M	50x	as long as short
Nado TAO-PERP	+0.0338%	1h	314.96	+0.088%	$670K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0358% / S −0.0107%	1h	313.88	−0.256%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0383%	4h	315.18	+0.159%	$4.9M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0410%	1h	314.61	−0.023%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	−0.037%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0522%	1h	314.78	+0.031%	$94.5M	$104.8M	5x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	315.36	+0.216%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.73	+0.016%	$99K	$312K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0635%	1h	314.65	−0.009%	$29K	$1.9M	25x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	+0.101%	$317K	$710K	5x	as long as short
RISEx TAO/USDCshort	+0.0666%	1h	314.31	−0.119%	$438K	$655K	5x
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	+0.222%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.69	+0.002%	$362	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0748%	1h	314.41	−0.086%	$295K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.0796%	1h	315.70	+0.323%	$167K	$662	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0936%	1h	314.83	+0.047%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	319.29	+1.465%	$23K	$2K	12x	as long as short