TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0736%/8h= −80.6% APRnext payment −$0.92 per $10,000 · paid last 24h −0.016%

Price spread now: 01 Exchange against Lighter−0.091%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and 01 Exchange is 0.091% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	314.99	0.1408	pay 0.0176% / 1h	20m 35s	$1.6M	$6.1M	5x
Short	01 Exchange TAOUSD	314.70	0.0672	get 0.0084% / 1h	20m 35s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.091%Rate

Funding earned: −$154.56
Price spread: −0.091% → 0.000%: −$9.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$170.67
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; 01 Exchange: 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, 8 min ago	3.69 bp	11.6 bp −$12	26.9 bp −$269	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	314.23	−0.240%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.27	+0.090%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.67	−0.101%	$41K	$631K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.60	−0.123%	$90.3M	$467.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	−0.123%	$26.0M	$112.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.20	−0.250%	$12.8M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.62	−0.117%	$110.9M	$139.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.50	−0.155%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.40	−0.186%	$35.0M	$53.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.56	+0.500%	$35K	$299K	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	316.92	+0.614%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.53	+0.172%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.39	+0.128%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	−0.075%	$129K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.71	−0.088%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.79	+0.253%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	314.55	−0.139%	$2K	$710K	5x	as long as short
Polymarket Perps TAO-USD	+0.0125%	1h	314.86	−0.040%	$81K	$681K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0168%	1h	315.30	+0.100%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0098%	1h	315.32	+0.107%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.675%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0244%	1h	314.79	−0.063%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0260%	4h	314.69	−0.094%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	314.61	−0.120%	$370K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	314.75	−0.075%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0360%	8h	314.40	−0.186%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0427%	1h	315.31	+0.104%	$23K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.169%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0527%	1h	314.60	−0.123%	$785K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.30	+0.734%	$332K	$681K	5x	as long as short
01 Exchange TAOUSDshort	+0.0672%	1h	314.70	−0.091%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	314.60	−0.122%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0780%	4h	314.42	−0.180%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	+0.235%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0854%	4h	314.75	−0.075%	$66.0M	$138.0M	50x	as long as short
Extended TAO-USD	+0.0912%	1h	314.34	−0.206%	$905K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.03	+0.014%	$318K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.39	+0.445%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	314.50	−0.153%	$449K	$631K	5x	as long as short
Hyperliquid TAO	+0.1316%	1h	315.12	+0.042%	$99.9M	$95.0M	5x	as long as short
Lighter TAOlong	+0.1408%	1h	314.99	long leg	$1.6M	$6.1M	5x
Bulk TAO-USD	+0.2752%	1h	308.95	−1.918%	$164K	$40K	10x	as long as short