Funding you earn now, next payment 21:00 UTC−0.1916%/8h= −209.8% APRpaid last 24h −0.038%
Price spread now: Binance against Lighter−0.291%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 7 days+0.186%+$19 · spread now −0.291%, 7d avg −0.047%
=Together, before fees+0.011%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$57 a day on $10k at the current rate, and Binance is 0.244% cheaper against Lighter than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% 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 | Lighter TAO | 314.74 | 0.2016 | pay 0.0252% / 1h | 31m 44s | $2.0M | $3.6M | 5x |
| Short | Binance TAOUSDT | 313.82 | 0.0100 | get 0.0050% / 4h | 3h 31m | $88.9M | $381.1M | 75x |
Lighter TAO
Binance TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$402.36
- Price spread: −0.291% → −0.047%
- −$24.43
- Slippage, 4 orders
- −$19.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$456.11
- Costs to cover
- 0.293%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 3 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 Lighter live order book, 6 min ago | 1.81 bp | 7.9 bp −$8 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.16 bp | 8.6 bp −$9 | 15.8 bp −$158 | 33.5 bp −$3,351 | 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 | −1.0220% | 1h | 313.13 | −0.510% | $209K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.78 | −0.304% | $132K | $95K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 313.02 | −0.545% | $27K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.31 | −0.453% | $36K | $507K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.14 | −0.191% | $365K | $396K | 10x | as long as short |
| Binance TAOUSDTshort | +0.0100% | 4h | 313.82 | −0.291% | $88.9M | $381.1M | 75x | |
| Bybit TAOUSDT | +0.0100% | 4h | 314.53 | −0.066% | $60.4M | $112.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.50 | −0.075% | $25.8M | $89.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 313.84 | −0.285% | $141K | $585K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.70 | −0.329% | $12.4M | $47.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 314.26 | −0.152% | $106.4M | $115.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.02 | −0.228% | $20.2M | $24.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.69 | −0.333% | $35.3M | $42.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.84 | −0.285% | — | $29.9M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 313.60 | −0.361% | $3.5M | $6.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.30 | −0.775% | $40K | $274K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.48 | −0.400% | $551K | $933K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.28 | −0.781% | $48K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 313.15 | −0.503% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.28 | −0.463% | $60K | $277K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.55 | −0.377% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.26 | −0.152% | $125K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.12 | −0.196% | $3.3M | $7.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.34 | −0.444% | $90K | $636K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.74 | −0.316% | $172K | $998 | 3x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0119% | 1h | 313.38 | −0.433% | $17K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 313.44 | −0.412% | $896 | $378K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0195% | 8h | 314.32 | −0.133% | $15K | $992 | 10x | as long as short |
| Aster TAOUSDT | +0.0213% | 4h | 314.16 | −0.182% | $1.7M | $7.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.14 | −0.190% | $4.3M | $9.4M | 100x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 313.20 | −0.488% | $332K | $326K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0392% | 1h | 314.14 | −0.191% | $6.3M | $17.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0490% / S −0.0188% | 1h | 312.93 | −0.575% | $463K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0576% | 1h | 314.81 | +0.023% | $403K | $555K | 10x | as long as short |
| Extended TAO-USD | +0.0584% | 1h | 314.01 | −0.231% | $937K | $1.8M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 313.84 | −0.285% | $3K | $4K | 5x | as long as short |
| RISEx TAO/USDC | +0.0688% | 1h | 313.54 | −0.380% | $411K | $526K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 313.15 | −0.504% | $360 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0699% | 1h | 313.23 | −0.479% | $1.1M | $1.5M | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0936% | 1h | 313.71 | −0.326% | $1.5M | $5.4M | 50x | as long as short |
| Lighter TAOlong | +0.2016% | 1h | 314.74 | long leg | $2.0M | $3.6M | 5x | |
| Hyperliquid TAO | +0.2505% | 1h | 314.94 | +0.064% | $95.8M | $66.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3384% | 1h | 316.14 | +0.446% | $23K | $137 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Polymarket Perps TAO-USD
Aevo TAO-PERP
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Phoenix TAO
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Extended TAO-USD
01 Exchange TAOUSD
RISEx TAO/USDC
Reya TAORUSDPERP
Nado TAO-PERP
Coinbase International TAO-PERP-INTX
Hyperliquid TAO
Injective TAO/USDC PERP