Funding you earn now, next payment 08:00 UTC+0.0397%/8h= +43.5% APRpaid last 24h +0.138%
Price spread now: Lighter against Katana Perps+0.157%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.157%, 7d avg +0.051%
=Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.105% dearer against Katana Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.051%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.085% in total (about 7.8% 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 | Katana Perps TAO-USD | 316.90 | 0.0107 | pay 0.0107% / 8h | 34m 02s | $2K | $1.1M | 5x |
| Short | Lighter TAO | 317.40 | 0.0504 | get 0.0063% / 1h | 34m 02s | $1.6M | $6.9M | 5x |
Katana Perps TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Katana Perps. 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
- $83.45
- Price spread: +0.157% → +0.051%
- $10.53
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $90.18
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Lighter: live order book, 4 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.87 bp | 5.3 bp −$5 | 19.7 bp −$197 | doesn't fit | doesn't fit |
Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 317.06 | +0.052% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0036% | 1h | 316.04 | −0.272% | $126K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.13 | +0.073% | $44K | $712K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.10 | +0.063% | $26.4M | $130.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.70 | −0.063% | $14.5M | $51.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.20 | +0.095% | $17.7M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.63 | −0.085% | $35.6M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 316.70 | −0.063% | $46K | $260K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.06 | +0.050% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.94 | +0.013% | $1K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 316.75 | −0.047% | $115K | $604K | 20x | as long as short |
| Katana Perps TAO-USDlong | +0.0107% | 8h | 316.90 | long leg | $2K | $1.1M | 5x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0107% / S +0.0136% | 1h | 316.78 | −0.037% | $404K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 317.29 | +0.123% | $174K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0150% | 4h | 317.14 | +0.076% | $52K | $294K | 10x | as long as short |
| MEXC TAO_USDT | +0.0166% | 4h | 316.86 | −0.013% | $100.1M | $151.5M | 300x | as long as short |
| Binance TAOUSDT | +0.0167% | 4h | 317.01 | +0.035% | $91.8M | $530.8M | 75x | as long as short |
| edgeX TAOUSDC | +0.0179% | 4h | 316.75 | −0.048% | $42K | $319K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0234% | 8h | 316.47 | −0.136% | $14K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0254% | 1h | 317.44 | +0.170% | $12K | $17K | 20x | as long as short |
| Bybit TAOUSDT | +0.0264% | 4h | 317.11 | +0.066% | $69.4M | $156.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0280% | 4h | 316.89 | −0.003% | — | $37.1M | — | as long as short |
| Pacifica TAO | +0.0313% | 1h | 316.39 | −0.160% | $371K | $452K | 10x | as long as short |
| Bulk TAO-USD | +0.0317% | 1h | 319.23 | +0.735% | $170K | $0 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0318% | 4h | 317.09 | +0.061% | $541K | $918K | 10x | as long as short |
| Extended TAO-USD | +0.0320% | 1h | 317.12 | +0.068% | $903K | $2.4M | 25x | as long as short |
| Aster TAOUSDT | +0.0323% | 4h | 316.89 | −0.004% | $1.3M | $11.0M | 50x | as long as short |
| BloFin TAO-USDT | +0.0407% | 4h | 316.79 | −0.035% | $4.7M | $10.9M | 100x | as long as short |
| Nado TAO-PERP | +0.0473% | 1h | 317.06 | +0.051% | $788K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 317.04 | +0.044% | $100K | $384K | 5x | as long as short |
| Phemex TAOUSDT | +0.0489% | 4h | 316.94 | +0.013% | $3.2M | $8.2M | 50x | as long as short |
| Lighter TAOshort | +0.0504% | 1h | 317.40 | +0.157% | $1.6M | $6.9M | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0516% | 1h | 317.24 | +0.108% | $15K | $1.9M | 25x | as long as short |
| Variational Omni TAO | +0.0534% | 4h | 316.88 | −0.005% | $5.5M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 317.20 | +0.095% | $316K | $703K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0671% | 1h | 317.03 | +0.041% | $292K | $906K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 317.35 | +0.142% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 317.12 | +0.071% | $365 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0737% | 1h | 317.05 | +0.047% | $93.7M | $110.2M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 317.00 | +0.032% | $444K | $673K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0835% | 1h | 317.29 | +0.124% | $5.9M | $21.6M | 50x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.80 | +0.284% | $1.4M | $6.9M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.94 | +1.906% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Bullet TAO-USD
Bybit TAOUSDT
BingX TAO-USDT
Pacifica TAO
Bulk TAO-USD
GRVT TAO_USDT_Perp
Extended TAO-USD
Aster TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Phemex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
Phoenix TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Hyperliquid TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP