TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.3846%/8h= +421.2% APRnext payment +$4.81 per $10,000 · paid last 24h +0.493%

Price spread now: Injective against Lighter+1.320%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.207%+$321 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$115 a day on $10k at the current rate, and Injective is 1.320% dearer against Lighter than usual: you sell high and buy low: +$132 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	315.45	0.0376	pay 0.0047% / 1h	38m 17s	$1.5M	$6.5M	5x
Short	Injective TAO/USDC PERP	319.61	0.4222	get 0.0528% / 1h	38m 17s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now +1.320%Rate

Funding earned: $807.71
Price spread: +1.320% → 0.000%: $132
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $939.7
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Injective: no order-book sample. 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 Lighter live order book, 5 min ago	2.65 bp	10.8 bp −$11	25.2 bp −$252	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Bulk TAO-USD	−0.0482%	1h	315.13	−0.100%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.04	−0.128%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.54	+0.031%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.47	+0.007%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.85	+0.128%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.74	+0.094%	$91.0M	$491.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.081%	$26.0M	$119.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.50	+0.017%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.80	+0.112%	$106.2M	$142.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.72	+0.087%	$17.5M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.43	−0.005%	$35.2M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.41	−0.011%	$35K	$302K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.94	−0.160%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.72	+0.087%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.83	+0.122%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.72	+0.087%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	−0.221%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.81	−0.202%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.50	+0.017%	$1K	$787K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.446%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.68	+0.074%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0112%	4h	315.82	+0.119%	$68.6M	$146.8M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	315.70	+0.081%	$57K	$275K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	315.74	+0.093%	—	$30.0M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0151% / S +0.0123%	1h	315.51	+0.021%	$420K	—	100x	as long as short
Nado TAO-PERP	+0.0178%	1h	315.69	+0.078%	$805K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	315.41	−0.012%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0207%	4h	315.35	−0.032%	$1.2M	$10.2M	50x	as long as short
01 Exchange TAOUSD	+0.0256%	1h	315.71	+0.084%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0274%	1h	315.99	+0.172%	$93.6M	$105.6M	5x	as long as short
Extended TAO-USD	+0.0280%	1h	315.57	+0.040%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0339%	1h	314.83	−0.195%	$315K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.25	−0.062%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.64	+0.062%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.17	−0.087%	$359K	$411K	10x	as long as short
Lighter TAOlong	+0.0376%	1h	315.45	long leg	$1.5M	$6.5M	5x
Deribit TAO_USDC-PERPETUAL	+0.0395%	1h	315.90	+0.145%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.588%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.159%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.85	+0.127%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.55	+0.033%	$437K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	318.13	+0.851%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERPshort	+0.4222%	1h	319.61	+1.320%	$23K	$2K	12x