TAO

Alert

Funding spread now, next payment 17:00 UTC−0.0652%/8h

paid, last 24h−0.029%paid, last 3 days−0.037%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.037% in total (about -4.0% 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	288.83	0.0752	pay 0.0094% / 1h	35m 33s	$1.4M	$1.9M	5x
Short	Katana Perps TAO-USD	288.39	0.0100	get 0.0100% / 8h	7h 35m	$632	$307K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Katana PerpsbpOrdersRate

Funding earned: −$136.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$140.76
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.153%
Avg gap 7d: −0.042%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 2 min ago	2.01 bp	6.4 bp −$6	17.3 bp −$173	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

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 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1746%	1h	$152K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0008%	1h	$14K	—	150x	as long as short
dYdX TAO-USD	+0.0028%	1h	$73K	$43K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0047%	1h	$5.4M	$14.0M	50x	as long as short
Bitget TAOUSDT	+0.0060%	4h	$32.6M	$36.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0088%	1h	$33K	$894K	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$49K	$459K	20x	as long as short
Katana Perps TAO-USDshort	+0.0100%	8h	$632	$307K	5x
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$334K	$370K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TAOUSDT	+0.0100%	4h	$81.0M	$323.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$53.5M	$84.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.2M	$67.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$124K	$569K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.4M	$43.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$102.2M	$103.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$18.4M	$19.7M	75x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$27.9M	—	as long as short
Variational Omni TAO	+0.0100%	4h	$3.4M	$4.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$288K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$75K	$1.1M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$9K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$52K	$146K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$118K	$314K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.4M	50x	as long as short
Extended TAO-USD	+0.0104%	1h	$784K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$158K	$998	3x	as long as short
Backpack TAO_USDC_PERP	+0.0117%	1h	$272K	$408K	10x	as long as short
Paradex TAO-USD-PERP	+0.0119%	8h	$13K	$376	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0111%	1h	$455K	—	100x	as long as short
Phoenix TAO	+0.0332%	1h	$307K	$157K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$7.0M	100x	as long as short
Nado TAO-PERP	+0.0376%	1h	$1.1M	$1.1M	10x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	$3K	$6K	5x	as long as short
RISEx TAO/USDC	+0.0553%	1h	$334K	$423K	5x	as long as short
Reya TAORUSDPERP	+0.0692%	1h	$332	—	20x	as long as short
Lighter TAOlong	+0.0752%	1h	$1.4M	$1.9M	5x
Coinbase International TAO-PERP-INTX	+0.0920%	1h	$1.4M	$4.1M	50x	as long as short
Hyperliquid TAO	+0.1021%	1h	$79.8M	$51.7M	5x	as long as short
Injective TAO/USDC PERP	+0.3912%	1h	$21K	$87K	12x	as long as short