TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.052%

Price spread now: Lighter against Extended+0.312%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days−0.294%−$29 · spread now +0.312%, 7d avg +0.083%

Together, before fees−0.209%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.229% dearer against Extended than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	322.93	0.0848	pay 0.0106% / 1h	27m 37s	$949K	$2.3M	25x
Short	Lighter TAO	323.94	0.0912	get 0.0114% / 1h	27m 37s	$1.6M	$6.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.312%Rate

Funding earned: $13.44
Price spread: +0.312% → +0.083%: $22.93
Slippage, 4 orders: −$21.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $9.71
Costs to cover: 0.267%
Break-even: 1.9 days

Slippage from Extended: live order book, 1 min ago; Lighter: live order book, 6 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 Extended live order book, 1 min ago	2.01 bp	5.4 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.30 bp	7.2 bp −$7	20.5 bp −$205	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	−0.5583%	1h	316.49	−1.995%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.14	+0.064%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.60	+0.207%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.93	−0.001%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.63	+0.217%	$94.6M	$479.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.10	+0.052%	$26.6M	$119.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.00	+0.021%	$13.2M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.42	+0.151%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.53	+0.185%	$18.1M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.98	+0.014%	$36.2M	$54.6M	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	324.24	+0.405%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.90	+0.299%	$87K	$791K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.49	+0.172%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.73	+0.247%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.66	+0.225%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.86	+0.288%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	323.68	+0.231%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	323.16	+0.070%	$687	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0125%	1h	323.56	+0.194%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	323.74	+0.249%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	323.95	+0.315%	$537K	$964K	10x	as long as short
Bullet TAO-USD	+0.0285%	1h	323.88	+0.293%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0305%	8h	323.30	+0.112%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	322.64	−0.091%	$4.6M	$11.2M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.46	+0.163%	$1.1M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.55	+0.191%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.516%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.33	+0.123%	$101K	$487K	5x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.21	+0.086%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0563%	4h	323.40	+0.144%	$70.9M	$143.7M	50x	as long as short
Nado TAO-PERP	+0.0572%	1h	323.90	+0.299%	$793K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0685%	1h	323.84	+0.281%	$21K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.95	+0.315%	$373	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.274%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	323.51	+0.178%	$3K	$4K	5x	as long as short
Extended TAO-USDlong	+0.0848%	1h	322.93	long leg	$949K	$2.3M	25x
Variational Omni TAO	+0.0868%	4h	323.85	+0.283%	$6.0M	$9.8M	—	as long as short
Lighter TAOshort	+0.0912%	1h	323.94	+0.312%	$1.6M	$6.3M	5x
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.448%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.84	+0.281%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.15	+0.069%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1267%	1h	323.94	+0.312%	$101.9M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.135%	$24K	$2K	12x	as long as short