Funding you earn now, next payment 22:00 UTC+0.0603%/8h= +66.1% APRnext payment +$0.75 per $10,000 · paid last 24h +0.017%
Price spread now: Lighter against Nado+0.212%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 3 days (all we have)+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)−0.487%−$49 · spread now +0.212%, 7d avg +0.070%
=Together, before fees−0.415%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.143% dearer against Nado than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.072% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 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 | Nado TAO-PERP | 308.00 | 0.0309 | pay 0.0039% / 1h | 10m 56s | $852K | $1.9M | 10x |
| Short | Lighter TAO | 308.66 | 0.0912 | get 0.0114% / 1h | 10m 56s | $1.7M | $4.8M | 5x |
Nado TAO-PERP
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $126.7
- Price spread: +0.212% → +0.070%
- $14.26
- Slippage, 4 orders
- −$21.6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $112.35
- Costs to cover
- 0.286%
- Break-even
- 0.8 days
Slippage from Nado: live order book, 3 min ago; Lighter: live order book, 7 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 Nado live order book, 3 min ago | 1.29 bp | 9.0 bp −$9 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.31 bp | 5.9 bp −$6 | 27.2 bp −$272 | 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 | +0.561% | $203K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 307.30 | −0.229% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 308.07 | +0.021% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.91 | −0.030% | $41K | $528K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.66 | −0.113% | $364K | $367K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.45 | +0.145% | $86.5M | $405.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.45 | +0.145% | $60.0M | $119.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.40 | +0.129% | $25.5M | $93.7M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.01 | +0.002% | $137K | $603K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.30 | +0.097% | $12.3M | $48.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 308.57 | +0.184% | $118.5M | $125.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.36 | +0.116% | $18.7M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.35 | +0.113% | $34.5M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.43 | +0.139% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 309.10 | +0.355% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.74 | +0.564% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.77 | +0.251% | $549K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.90 | +0.616% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.44 | +0.142% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.50 | +0.162% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.13 | +0.041% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.39 | +0.126% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.60 | −0.131% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.12 | +0.038% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.15 | +0.048% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 307.83 | −0.056% | $880 | $449K | 5x | as long as short |
| Aster TAOUSDT | +0.0154% | 4h | 308.18 | +0.059% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0157% | 8h | 307.65 | −0.114% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0210% | 1h | 308.19 | +0.062% | $14K | $1.3M | 25x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.80 | +0.259% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERPlong | +0.0309% | 1h | 308.00 | long leg | $852K | $1.9M | 10x | |
| BloFin TAO-USDT | +0.0340% | 4h | 308.31 | +0.100% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0485% / S −0.0184% | 1h | 308.14 | +0.043% | $453K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0528% | 1h | 308.19 | +0.061% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.18 | +0.058% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0728% | 1h | 308.47 | +0.152% | $907K | $2.0M | 25x | as long as short |
| Lighter TAOshort | +0.0912% | 1h | 308.66 | +0.212% | $1.7M | $4.8M | 5x | |
| Backpack TAO_USDC_PERP | +0.0940% | 1h | 308.44 | +0.142% | $384K | $754K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.60 | +0.843% | $1.5M | $5.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1022% | 1h | 308.44 | +0.141% | $6.4M | $19.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.96 | −0.015% | $412K | $542K | 5x | as long as short |
| Hyperliquid TAO | +0.1811% | 1h | 308.98 | +0.317% | $96.6M | $77.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.236% | $22K | $271 | 12x | as long as short |
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
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
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