Funding you earn now, next payment 06:00 UTC+0.0696%/8h= +76.2% APRnext payment +$0.87 per $10,000 · paid last 24h +0.128%
Price spread now: Lighter against Aevo−0.003%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2202.203% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.003%, 7d avg +0.036%
=Together, before fees+0.187%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.040% cheaper against Aevo than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.036%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.193% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 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 | Aevo TAO-PERP | 323.71 | 0.0112 | pay 0.0014% / 1h | 3m 59s | $178K | $998 | 3x |
| Short | Lighter TAO | 323.70 | 0.0808 | get 0.0101% / 1h | 3m 59s | $1.5M | $6.6M | 5x |
Aevo TAO-PERP
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aevo. 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
- $146.16
- Price spread: −0.003% → +0.036%
- −$3.98
- Slippage, 4 orders
- −$204.33
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.15
- Costs to cover
- 2.203%
- Break-even
- 10.7 days
Slippage from Aevo: live order book, 45 min ago; Lighter: live order book, 4 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 Aevo live order book, 45 min ago | 72.17 bp | 114.2 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.35 bp | 6.1 bp −$6 | 18.7 bp −$187 | 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 | −0.1195% | 1h | 319.01 | −1.452% | $169K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.31 | −0.124% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0028% | 1h | 323.34 | −0.115% | $129K | $85K | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.30 | −0.128% | $26.9M | $128.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.90 | −0.252% | $14.2M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.59 | −0.039% | $17.8M | $31.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.40 | −0.097% | $36.5M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.67 | −0.014% | $81K | $968K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.21 | −0.156% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.35 | −0.113% | $118K | $566K | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 323.11 | −0.187% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 323.57 | −0.045% | $2K | $959K | 5x | as long as short |
| Popdex TAOUSDT | +0.0112% | 1h | 323.88 | +0.051% | $42K | $686K | 20x | as long as short |
| Aevo TAO-PERPlong | +0.0112% | 1h | 323.71 | long leg | $178K | $998 | 3x | |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 323.57 | −0.045% | $53K | $291K | 10x | as long as short |
| edgeX TAOUSDC | +0.0123% | 4h | 321.43 | −0.707% | $42K | $316K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0125% / S +0.0142% | 1h | 323.31 | −0.126% | $435K | — | 100x | as long as short |
| MEXC TAO_USDT | +0.0134% | 4h | 323.21 | −0.156% | $103.4M | $149.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0144% | 4h | 323.36 | −0.108% | $93.4M | $517.5M | 75x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 323.82 | +0.034% | $368K | $421K | 10x | as long as short |
| Nado TAO-PERP | +0.0288% | 1h | 323.67 | −0.015% | $817K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0294% | 1h | 323.65 | −0.020% | $6.1M | $21.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0299% | 8h | 324.05 | +0.104% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0300% | 4h | 323.50 | −0.067% | $1.3M | $10.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0325% | 1h | 323.67 | −0.014% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0375% | 4h | 322.90 | −0.252% | $4.6M | $11.2M | 100x | as long as short |
| BingX TAO-USDT | +0.0394% | 4h | 323.14 | −0.178% | — | $34.0M | — | as long as short |
| Bybit TAOUSDT | +0.0446% | 4h | 323.54 | −0.054% | $70.9M | $154.5M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0468% | 4h | 322.01 | −0.525% | $549K | $948K | 10x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 323.84 | +0.039% | $111K | $377K | 5x | as long as short |
| Extended TAO-USD | +0.0496% | 1h | 323.44 | −0.085% | $920K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 323.50 | −0.066% | $322K | $713K | 5x | as long as short |
| Variational Omni TAO | +0.0516% | 4h | 323.58 | −0.042% | $5.7M | $10.1M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0529% | 1h | 321.20 | −0.777% | $47K | $257K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0586% | 1h | 323.60 | −0.037% | $25K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 323.32 | −0.122% | $372 | — | 20x | as long as short |
| Lighter TAOshort | +0.0808% | 1h | 323.70 | −0.003% | $1.5M | $6.6M | 5x | |
| Hyperliquid TAO | +0.0811% | 1h | 323.31 | −0.125% | $95.4M | $109.5M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0816% | 1h | 324.52 | +0.249% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0852% | 1h | 323.20 | −0.159% | $320K | $894K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 324.00 | +0.088% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 323.65 | −0.020% | $465K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 323.62 | −0.029% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Popdex TAOUSDT
Orderly PERP_TAO_USDC
edgeX TAOUSDC
GMX TAO/USD [WBTC.b-USDC]
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Bybit TAOUSDT
GRVT TAO_USDT_Perp
Arcus TAO-USD
Extended TAO-USD
Phoenix TAO
Variational Omni TAO
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP