Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.1406%/8h= +154.0% APRpaid last 24h +0.081%
Price spread now: Lighter against BingX+0.120%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Long on BingXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.131%+$13 on $10k
Price spread, last 7 days+0.001%$0 · spread now +0.120%, 7d avg +0.055%
Together, before fees+0.132%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Lighter is 0.065% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.055%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TAO-USDT319.130.0378pay 0.0189% / 4h3h 50m—$30.7M—
ShortLighter TAO319.510.1784get 0.0223% / 1h50m 52s$1.7M$5.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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

Funding earned
$295.26
Price spread: +0.120% → +0.055%
$6.51
Slippage, 4 orders
−$24.7
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$267.07
Costs to cover
0.347%
Break-even
0.7 days
Slippage from BingX: live order book, 8 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago1.10 bp8.2 bp −$813.4 bp −$13427.4 bp −$2,74148.7 bp −$24.4K
Sell Lighter live order book, 7 min ago1.83 bp13.8 bp −$1433.3 bp −$333doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1799%1h311.96−2.247%$167K$44K10xas long as short
Phemex TAOUSDT−0.0839%4h318.72−0.128%$3.4M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h320.40+0.398%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.64+0.161%$21K—150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0069%1h319.10−0.009%$22K$1.5M25xas long as short
Popdex TAOUSDT+0.0096%1h319.80+0.210%$42K$578K20xas long as short
Katana Perps TAO-USD+0.0100%8h319.79+0.207%$654$594K5xas long as short
Binance TAOUSDT+0.0100%4h319.02−0.034%$91.8M$440.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.10−0.009%$25.9M$106.7M50xas long as short
Gate TAO_USDT+0.0100%4h318.90−0.072%$12.9M$49.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h319.07−0.019%$105.4M$131.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.04−0.028%$19.0M$28.3M75xas long as short
Bitget TAOUSDT+0.0100%4h319.29+0.050%$35.7M$48.9M50xas long as short
edgeX TAOUSDC+0.0100%4h318.79−0.106%$36K$288K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h318.51−0.194%$48K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.40+0.085%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h319.00−0.041%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.61−0.163%$127K$422K20xas long as short
Aevo TAO-PERP+0.0104%1h319.61+0.150%$176K$9983xas long as short
GRVT TAO_USDT_Perp+0.0168%4h320.12+0.310%$532K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h319.60+0.147%$462K—100xas long as short
Pacifica TAO+0.0185%1h320.52+0.434%$379K$371K10xas long as short
Arcus TAO-USD+0.0201%1h319.66+0.166%$84K$545K5xas long as short
Aster TAOUSDT+0.0222%4h319.19+0.019%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0226%8h320.04+0.286%$15K$1K10xas long as short
Bullet TAO-USD+0.0274%1h319.96+0.260%$12K$17K20xas long as short
Variational Omni TAO+0.0305%4h320.13+0.312%$5.5M$8.6M—as long as short
BloFin TAO-USDT+0.0340%4h319.32+0.060%$4.4M$10.9M100xas long as short
Polymarket Perps TAO-USD+0.0345%1h320.58+0.454%$100K$634K5xas long as short
BingX TAO-USDTlong+0.0378%4h319.13long leg—$30.7M—
Kraken Futures PF_TAOUSD+0.0481%1h318.87−0.080%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h321.00+0.586%$336K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h320.58+0.454%$23K$49512xas long as short
Bybit TAOUSDT+0.0636%4h319.46+0.103%$65.8M$130.2M50xas long as short
Reya TAORUSDPERP+0.0695%1h320.52+0.435%$369—20xas long as short
Nado TAO-PERP+0.0762%1h320.36+0.384%$892K$2.0M10xas long as short
01 Exchange TAOUSD+0.0832%1h320.08+0.298%$3K$4K5xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h321.35+0.696%$1.5M$6.1M50xas long as short
Backpack TAO_USDC_PERP+0.1022%1h319.03−0.031%$318K$820K10xas long as short
Extended TAO-USD+0.1048%1h319.04−0.030%$933K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.39+0.082%$422K$586K5xas long as short
Lighter TAOshort+0.1784%1h319.51+0.120%$1.7M$5.9M5x
Hyperliquid TAO+0.2902%1h320.10+0.304%$104.7M$88.6M5xas long as short