Funding you earn now, next payment 00:00 UTC+0.1116%/8h= +122.2% APRpaid last 24h +0.067%
Price spread now: Lighter against edgeX+0.316%49s7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 3 days (all we have)−0.564%−$56 · spread now +0.316%, 7d avg +0.066%
=Together, before fees−0.356%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Lighter is 0.250% dearer against edgeX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TAOUSDC | 311.79 | 0.0100 | pay 0.0050% / 4h | 14m 35s | $40K | $281K | 10x |
| Short | Lighter TAO | 312.78 | 0.1216 | get 0.0152% / 1h | 14m 35s | $1.6M | $5.8M | 5x |
edgeX TAOUSDC
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- $234.36
- Price spread: +0.316% → +0.066%
- $25
- Slippage, 4 orders
- −$28.64
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $221.72
- Costs to cover
- 0.376%
- Break-even
- 0.4 days
Slippage from edgeX: live order book, 63 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 edgeX live order book, 63 min ago | 6.54 bp | 11.0 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.10 bp | 7.1 bp −$7 | 19.8 bp −$198 | 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 | −0.2753% | 1h | 312.56 | +0.246% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.06 | +0.085% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.55 | −0.079% | $20K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +1.012% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.11 | +0.101% | $36K | $573K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.35 | +0.179% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.16 | +0.117% | $88.5M | $428.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.31 | +0.166% | $61.5M | $125.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.10 | +0.098% | $25.1M | $101.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.20 | +0.130% | $12.5M | $50.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.35 | +0.178% | $110.6M | $131.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.15 | +0.114% | $18.4M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.57 | −0.072% | $34.8M | $46.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.26 | +0.150% | — | $30.4M | — | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 311.79 | long leg | $40K | $281K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.93 | +0.045% | $517K | $943K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.99 | +0.063% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.27 | +0.153% | $76K | $455K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.65 | −0.045% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 311.66 | −0.043% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.40 | −0.126% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.49 | −0.097% | $127K | $414K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 311.87 | +0.024% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.18 | +0.124% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.10 | +0.098% | $1K | $561K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0158% | 1h | 311.71 | −0.028% | $20K | $1.5M | 25x | as long as short |
| Aster TAOUSDT | +0.0164% | 4h | 312.21 | +0.132% | $1.1M | $7.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0070% | 1h | 311.51 | −0.091% | $444K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0184% | 8h | 312.27 | +0.154% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.48 | +0.220% | $83K | $545K | 5x | as long as short |
| Variational Omni TAO | +0.0210% | 4h | 311.68 | −0.037% | $3.9M | $7.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.88 | +0.028% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.10 | +0.099% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0450% | 1h | 312.25 | +0.147% | $820K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0510% | 1h | 312.20 | +0.130% | $291K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.00 | +0.066% | $326K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0584% | 1h | 312.41 | +0.198% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.71 | −0.027% | $358 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 312.25 | +0.146% | $854K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.473% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAOshort | +0.1216% | 1h | 312.78 | +0.316% | $1.6M | $5.8M | 5x | |
| RISEx TAO/USDC | +0.1238% | 1h | 312.23 | +0.138% | $413K | $584K | 5x | as long as short |
| Hyperliquid TAO | +0.1595% | 1h | 312.72 | +0.297% | $97.6M | $84.4M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO