TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRnext payment +$0.24 per $10,000 · paid last 24h −0.073%

Price spread now: Nado against Lighter−0.045%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.127%−$13 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.045%, 7d avg −0.034%

Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	315.64	0.0192	pay 0.0024% / 1h	45m 18s	$1.6M	$6.6M	5x
Short	Nado TAO-PERP	315.50	0.0385	get 0.0048% / 1h	45m 18s	$694K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.045%Rate

Funding earned: $40.48
Price spread: −0.045% → −0.034%: −$1.1
Slippage, 4 orders: −$16.47
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $15.9
Costs to cover: 0.235%
Break-even: 4.2 days

Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 6 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	1.15 bp	6.4 bp −$6	28.8 bp −$288	doesn't fit	doesn't fit
Sell Nado live order book, 6 min ago	1.11 bp	7.4 bp −$7	16.6 bp −$166	doesn't fit	doesn't fit

TAO on 43 exchanges

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 −0.0003%	1h	315.42	−0.070%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.71	+0.022%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.019%	$26.8M	$127.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.107%	$15.7M	$47.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.48	−0.050%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.34	−0.095%	$35.8M	$55.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.83	+0.061%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.38	−0.082%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.34	−0.095%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.08	−0.177%	$112K	$567K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.41	−0.073%	$1K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	315.61	−0.010%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0119%	4h	315.82	+0.057%	$69.1M	$155.7M	50x	as long as short
Binance TAOUSDT	+0.0135%	4h	315.64	+0.001%	$92.8M	$511.0M	75x	as long as short
edgeX TAOUSDC	+0.0136%	4h	315.81	+0.054%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0136%	4h	315.70	+0.019%	$105.9M	$147.7M	300x	as long as short
BingX TAO-USDT	+0.0140%	4h	315.54	−0.031%	—	$38.0M	—	as long as short
Lighter TAOlong	+0.0192%	1h	315.64	long leg	$1.6M	$6.6M	5x
Extended TAO-USD	+0.0200%	1h	315.49	−0.047%	$954K	$2.1M	25x	as long as short
Paradex TAO-USD-PERP	+0.0200%	8h	315.58	−0.019%	$14K	$876	10x	as long as short
Phemex TAOUSDT	+0.0219%	4h	315.67	+0.010%	$3.2M	$8.1M	50x	as long as short
Pacifica TAO	+0.0240%	1h	315.54	−0.033%	$374K	$456K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	316.07	+0.136%	$539K	$795K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0252%	4h	315.53	−0.035%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0258%	1h	315.66	+0.006%	$12K	$16K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	315.50	−0.045%	$15K	$1.9M	25x	as long as short
Aster TAOUSDT	+0.0298%	4h	315.60	−0.013%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	315.25	−0.122%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	315.50	−0.044%	$4.9M	$10.5M	100x	as long as short
Nado TAO-PERPshort	+0.0385%	1h	315.50	−0.045%	$694K	$2.0M	10x
Variational Omni TAO	+0.0452%	4h	315.92	+0.090%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0479%	1h	315.73	+0.029%	$95.0M	$107.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.90	+0.083%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	315.93	+0.092%	$100K	$310K	5x	as long as short
Bulk TAO-USD	+0.0627%	1h	316.13	+0.156%	$168K	$0	10x	as long as short
Phoenix TAO	+0.0650%	1h	316.10	+0.146%	$318K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	315.64	0.000%	$296K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.54	−0.030%	$436K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.80	+0.051%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	315.53	−0.035%	$363	—	20x	as long as short
dYdX TAO-USD	+0.0767%	1h	315.21	−0.137%	$266K	$230K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0933%	1h	315.67	+0.010%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	320.28	+1.470%	$23K	$2K	12x	as long as short