TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.028%

Price spread now: Lighter against 01 Exchange−0.003%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	321.39	0.0768	pay 0.0096% / 1h	36m 33s	$3K	$4K	5x
Short	Lighter TAO	321.38	0.0888	get 0.0111% / 1h	36m 33s	$1.6M	$6.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now −0.003%Rate

Funding earned: $25.2
Price spread: −0.003% → 0.000%: −$0.28
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $17.92
Costs to cover: 0.070%
Break-even: 2.0 days

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 12 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 12 min ago	2.29 bp	4.5 bp −$5	22.1 bp −$221	doesn't fit	doesn't fit

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 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	−0.3652%	1h	316.49	−1.525%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.84	−0.171%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.43	−0.299%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.77	−0.193%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.82	−0.177%	$93.5M	$473.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.70	−0.215%	$26.4M	$117.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.70	−0.215%	$13.1M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	321.26	−0.040%	$109.9M	$140.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.02	−0.115%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.84	−0.171%	$35.8M	$54.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.73	−0.516%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.70	−0.215%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.64	−0.233%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.50	−0.277%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.10	−0.090%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	321.02	−0.114%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0106%	4h	320.91	−0.149%	$58K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.84	−0.171%	$682	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0163% / S +0.0106%	1h	320.42	−0.303%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.636%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	320.86	−0.166%	$5.7M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0305%	1h	320.71	−0.212%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0320%	8h	321.19	−0.062%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.38	−0.003%	$4.5M	$10.7M	100x	as long as short
Aster TAOUSDT	+0.0342%	4h	320.76	−0.195%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0448%	1h	321.17	−0.068%	$379K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.277%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	321.45	+0.019%	$101K	$490K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0513%	1h	320.89	−0.156%	$17K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0545%	1h	320.89	−0.155%	$778K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0591%	4h	320.71	−0.212%	$68.5M	$140.6M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	321.15	−0.075%	—	$30.3M	—	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.681%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.79	−0.188%	$369	—	20x	as long as short
01 Exchange TAOUSDlong	+0.0768%	1h	321.39	long leg	$3K	$4K	5x
Variational Omni TAO	+0.0878%	4h	320.22	−0.365%	$5.9M	$9.7M	—	as long as short
Lighter TAOshort	+0.0888%	1h	321.38	−0.003%	$1.6M	$6.3M	5x
Extended TAO-USD	+0.0912%	1h	321.12	−0.084%	$939K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1015%	1h	321.59	+0.062%	$442K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	321.24	−0.047%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	321.21	−0.056%	$457K	$627K	5x	as long as short
Hyperliquid TAO	+0.1369%	1h	321.05	−0.106%	$100.9M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.616%	$24K	$2K	12x	as long as short