Funding you earn now, next payment 05:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.61 per $10,000 · paid last 24h +0.121%
Price spread now: Lighter against Polymarket Perps+0.072%45s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days+0.310%+$31 on $10k
+Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.072%, 7d avg +0.072%
=Together, before fees−0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.310% in total (about 16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 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 | Polymarket Perps TAO-USD | 311.06 | 0.0100 | pay 0.0013% / 1h | 2m 51s | $81K | $905K | 5x |
| Short | Lighter TAO | 311.28 | 0.0592 | get 0.0074% / 1h | 2m 51s | $1.5M | $6.6M | 5x |
Polymarket Perps TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $103.32
- Price spread: +0.072% → +0.072%
- $0.02
- Slippage, 4 orders
- −$17.07
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $78.27
- Costs to cover
- 0.251%
- Break-even
- 1.7 days
Slippage from Polymarket Perps: live order book, 50 min ago; Lighter: live order book, 5 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 Polymarket Perps live order book, 50 min ago | 0.96 bp | 5.0 bp −$5 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.29 bp | 6.0 bp −$6 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0349% | 1h | 310.75 | −0.100% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.73 | −0.107% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0018% | 1h | 310.95 | −0.035% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.08 | +0.006% | $48K | $661K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 310.91 | −0.048% | $2K | $862K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.24 | +0.058% | $354K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.07 | +0.004% | $88.8M | $503.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.10 | +0.013% | $25.9M | $120.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.80 | −0.084% | $13.3M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.03 | −0.010% | $103.0M | $145.9M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.83 | −0.074% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.80 | −0.084% | $35.0M | $56.7M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.13 | +0.343% | $41K | $314K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.06 | +0.321% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 311.06 | long leg | $81K | $905K | 5x | |
| Bullet TAO-USD | +0.0100% | 1h | 311.17 | +0.036% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.66 | −0.129% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 310.54 | −0.167% | $110K | $542K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.97 | −0.029% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0112% | 4h | 310.84 | −0.070% | $1.3M | $10.5M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0114% | 4h | 311.90 | +0.270% | $530K | $942K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 310.98 | −0.026% | $51K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0134% / S +0.0137% | 1h | 310.77 | −0.093% | $413K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0137% | 4h | 310.82 | −0.077% | $3.1M | $8.0M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0175% | 8h | 311.10 | +0.013% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.47 | +0.132% | $101K | $369K | 5x | as long as short |
| BingX TAO-USDT | +0.0256% | 4h | 311.05 | −0.003% | — | $33.8M | — | as long as short |
| Bybit TAOUSDT | +0.0282% | 4h | 311.11 | +0.016% | $67.3M | $150.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0311% | 1h | 311.18 | +0.039% | $785K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 310.98 | −0.025% | $908K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0338% | 4h | 312.45 | +0.447% | $5.5M | $10.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 310.93 | −0.042% | $4.5M | $10.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0439% | 1h | 310.84 | −0.072% | $12K | $1.8M | 25x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.40 | +0.431% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0461% | 1h | 311.19 | +0.043% | $91.2M | $108.1M | 5x | as long as short |
| Bulk TAO-USD | +0.0468% | 1h | 310.75 | −0.100% | $165K | $333 | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0478% | 1h | 310.90 | −0.051% | $309K | $885K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0496% | 1h | 311.34 | +0.090% | $3K | $4K | 5x | as long as short |
| Lighter TAOshort | +0.0592% | 1h | 311.28 | +0.072% | $1.5M | $6.6M | 5x | |
| Reya TAORUSDPERP | +0.0697% | 1h | 311.15 | +0.028% | $358 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 311.11 | +0.015% | $441K | $647K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.95 | +0.286% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.73 | +1.501% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
Paradex TAO-USD-PERP
Arcus TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Extended TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Hyperliquid TAO
Bulk TAO-USD
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP