TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0343%/8h= −37.5% APRnext payment −$0.43 per $10,000 · paid last 24h −0.112%

Price spread now: Lighter against Reya+0.147%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Lighter

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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.147% dearer against Reya than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	305.72	0.0695	pay 0.0087% / 1h	16m 07s	$352	—	20x
Short	Lighter TAO	306.17	0.0352	get 0.0044% / 1h	16m 07s	$1.6M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$71.97
Price spread: +0.147% → 0.000%: $14.69
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$63.27
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 7 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	1.52 bp	2.8 bp −$3	18.7 bp −$187	378.9 bp −$37.9K	doesn't fit

Reya: 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 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.60	−0.039%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	305.55	−0.056%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.01	+0.094%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.05	+0.106%	$85.6M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.12	+0.130%	$59.3M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.00	+0.091%	$24.6M	$95.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.23	+0.166%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−0.966%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.80	+0.026%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.03	+0.101%	$113.8M	$125.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	306.08	+0.117%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.86	+0.045%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.93	+0.068%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	+0.150%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.91	+0.062%	$506K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.00	+0.091%	$75K	$556K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.81	+0.029%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.83	+0.035%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.93	+0.068%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.82	+0.032%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.92	+0.065%	$3.3M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.160%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.90	+0.057%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	+0.080%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.98	+0.084%	$626	$506K	5x	as long as short
Aster TAOUSDT	+0.0119%	4h	305.82	+0.032%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	305.89	+0.055%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.96	+0.077%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.59	−0.045%	$436K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0264%	1h	305.95	+0.075%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.04	+0.105%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.78	+0.019%	$4.2M	$9.5M	100x	as long as short
Lighter TAOshort	+0.0352%	1h	306.17	+0.147%	$1.6M	$5.4M	5x
01 Exchange TAOUSD	+0.0408%	1h	306.17	+0.147%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0449%	1h	306.13	+0.134%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.287%	$321K	$491K	5x	as long as short
Reya TAORUSDPERPlong	+0.0695%	1h	305.72	long leg	$352	—	20x
Extended TAO-USD	+0.0744%	1h	306.00	+0.090%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.04	+0.104%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.94	+0.071%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1083%	1h	306.52	+0.260%	$93.3M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.21	+0.159%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.984%	$22K	$264	12x	as long as short