Funding you earn now, next payment 00:00 UTC−0.1332%/8h= −145.9% APRpaid last 24h −0.067%
Price spread now: BingX against Lighter−0.133%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.133%, 7d avg −0.055%
=Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and BingX is 0.078% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% 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 | 313.61 | 0.1432 | pay 0.0179% / 1h | 43m 37s | $1.6M | $5.8M | 5x |
| Short | BingX TAO-USDT | 313.19 | 0.0100 | get 0.0050% / 4h | 43m 37s | — | $30.2M | — |
Lighter TAO
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$279.72
- Price spread: −0.133% → −0.055%
- −$7.83
- Slippage, 4 orders
- −$17.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$315.38
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; BingX: live order book, 10 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, 4 min ago | 3.69 bp | 7.7 bp −$8 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.48 bp | 7.1 bp −$7 | 11.1 bp −$111 | 30.8 bp −$3,081 | 59.5 bp −$29.7K |
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 | −0.4722% | 1h | 314.01 | +0.129% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.08 | −0.168% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.65 | −0.307% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.249% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.94 | +0.106% | $40K | $550K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.23 | −0.120% | $371K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.21 | −0.127% | $88.6M | $424.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.37 | −0.076% | $61.4M | $123.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.10 | −0.162% | $25.1M | $100.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.80 | −0.258% | $12.7M | $49.2M | 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 | 313.33 | −0.089% | $119.9M | $127.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.91 | −0.223% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.96 | −0.207% | $34.9M | $46.4M | 50x | as long as short |
| BingX TAO-USDTshort | +0.0100% | 4h | 313.19 | −0.133% | — | $30.2M | — | |
| edgeX TAOUSDC | +0.0100% | 4h | 313.65 | +0.012% | $41K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.17 | +0.180% | $519K | $950K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.13 | −0.152% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.83 | −0.248% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.00 | −0.194% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.94 | −0.213% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.16 | −0.142% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.74 | +0.042% | $830 | $539K | 5x | as long as short |
| Bullet TAO-USD | +0.0154% | 1h | 313.11 | −0.159% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0157% | 1h | 314.03 | +0.135% | $77K | $521K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.43 | −0.057% | $83K | $626K | 5x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | −0.039% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0189% | 8h | 313.13 | −0.152% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0208% | 4h | 313.07 | −0.171% | $1.1M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0212% | 1h | 314.14 | +0.170% | $47K | $270K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.23 | −0.439% | $4.3M | $9.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0353% | 1h | 313.11 | −0.158% | $19K | $1.4M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 313.17 | −0.141% | $5.8M | $19.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.76 | −0.271% | $449K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0519% | 1h | 313.34 | −0.085% | $834K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | −0.321% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0586% | 1h | 312.70 | −0.290% | $300K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.16 | −0.144% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 314.11 | +0.160% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0880% | 1h | 313.12 | −0.155% | $864K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.29 | −0.101% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.89 | +0.089% | $432K | $536K | 5x | as long as short |
| Lighter TAOlong | +0.1432% | 1h | 313.61 | long leg | $1.6M | $5.8M | 5x | |
| Hyperliquid TAO | +0.2075% | 1h | 313.50 | −0.034% | $97.6M | $83.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Arcus TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
ApeX Omni TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO