TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.041%

Price spread now: Lighter against RISEx+0.039%7-day average +0.054% · 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−$26as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.285%−$28 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.039%, 7d avg +0.054%

Together, before fees−0.367%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	314.23	0.0948	pay 0.0118% / 1h	31m 02s	$455K	$649K	5x
Short	Lighter TAO	314.35	0.0840	get 0.0105% / 1h	31m 02s	$1.5M	$6.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$22.67
Price spread: +0.039% → +0.054%: −$1.49
Slippage, 4 orders: −$18.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.23
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from RISEx: live order book, 18 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 RISEx live order book, 18 min ago	1.75 bp	4.8 bp −$5	16.5 bp −$165	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.36 bp	7.5 bp −$7	23.8 bp −$238	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.73	−0.160%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0042%	1h	313.65	−0.185%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.25	+0.006%	$90.2M	$507.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.30	+0.022%	$26.2M	$122.4M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.241%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.80	−0.137%	$13.9M	$50.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.29	+0.019%	$107.8M	$145.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.14	−0.029%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.00	−0.073%	$35.4M	$57.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	−0.215%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.64	−0.188%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.86	−0.118%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.54	−0.220%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.00	−0.073%	$643	$915K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.02	−0.068%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	313.92	−0.099%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0139%	1h	313.62	−0.195%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0155%	4h	313.80	−0.137%	$3.2M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0160%	1h	313.80	−0.137%	$50K	$667K	20x	as long as short
Aster TAOUSDT	+0.0199%	4h	313.82	−0.131%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.98	−0.078%	$357K	$419K	10x	as long as short
Nado TAO-PERP	+0.0267%	1h	313.81	−0.133%	$772K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	314.11	−0.038%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.17	−0.018%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0329%	1h	313.95	−0.089%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0330%	4h	313.91	−0.101%	$533K	$923K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.88	−0.111%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.296%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	314.10	−0.041%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	−0.062%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0456%	1h	314.22	−0.003%	$898K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0474%	4h	314.37	+0.045%	$68.3M	$152.4M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.44	+0.067%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.60	+0.118%	$313K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0599%	1h	313.97	−0.082%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.83	−0.126%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.61	+0.121%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0807%	1h	314.38	+0.048%	$91.9M	$108.9M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0822%	1h	314.19	−0.013%	$310K	$889K	10x	as long as short
Lighter TAOshort	+0.0840%	1h	314.35	+0.039%	$1.5M	$6.6M	5x
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.69	+0.146%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDClong	+0.0948%	1h	314.23	long leg	$455K	$649K	5x
Injective TAO/USDC PERP	+0.3711%	1h	317.66	+1.092%	$23K	$2K	12x	as long as short