Funding you earn now, next payment 06:00 UTC−0.0820%/8h= −89.8% APRnext payment −$1.03 per $10,000 · paid last 24h −0.127%
Price spread now: Polymarket Perps against Lighter−0.159%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$220.225% of the position
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 4 days (all we have)+0.375%+$38 · spread now −0.159%, 7d avg −0.072%
=Together, before fees+0.058%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Polymarket Perps is 0.087% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.317% in total (about -16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 per $10,000. 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 | 313.94 | 0.0920 | pay 0.0115% / 1h | 47m 24s | $1.5M | $6.5M | 5x |
| Short | Polymarket Perps TAO-USD | 313.44 | 0.0100 | get 0.0013% / 1h | 47m 24s | $81K | $909K | 5x |
Lighter TAO
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$172.2
- Price spread: −0.159% → −0.072%
- −$8.69
- Slippage, 4 orders
- −$14.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$203.37
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Polymarket Perps: live order book, 65 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 | 2.05 bp | 5.5 bp −$6 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 65 min ago | 0.96 bp | 5.0 bp −$5 | 5.4 bp −$54 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 313.35 | −0.189% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.34 | −0.192% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 313.43 | −0.162% | $642 | $887K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.65 | −0.091% | $89.7M | $505.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.70 | −0.076% | $26.2M | $122.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.30 | −0.204% | $13.7M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.63 | −0.099% | $104.8M | $144.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.64 | −0.096% | $17.5M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.46 | −0.153% | $35.3M | $56.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.37 | −0.183% | $41K | $315K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USDshort | +0.0100% | 1h | 313.44 | −0.159% | $81K | $909K | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 313.25 | −0.220% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.12 | −0.261% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.85 | −0.027% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 313.66 | −0.089% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0132% / S +0.0137% | 1h | 313.28 | −0.209% | $419K | — | 100x | as long as short |
| Bulk TAO-USD | +0.0138% | 1h | 312.42 | −0.483% | $166K | $333 | 10x | as long as short |
| Aster TAOUSDT | +0.0161% | 4h | 313.74 | −0.065% | $1.3M | $10.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0232% | 8h | 313.61 | −0.106% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.72 | −0.069% | $357K | $419K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0255% | 1h | 312.72 | −0.389% | $46K | $255K | 50x | as long as short |
| Nado TAO-PERP | +0.0256% | 1h | 313.79 | −0.049% | $780K | $2.2M | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0260% | 4h | 313.21 | −0.231% | $532K | $942K | 10x | as long as short |
| Popdex TAOUSDT | +0.0280% | 1h | 313.67 | −0.086% | $49K | $662K | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0304% | 1h | 313.93 | −0.004% | $5.6M | $20.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0334% | 1h | 313.67 | −0.085% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.62 | −0.102% | $4.5M | $10.8M | 100x | as long as short |
| Variational Omni TAO | +0.0371% | 4h | 313.10 | −0.268% | $5.5M | $10.1M | — | as long as short |
| Bybit TAOUSDT | +0.0377% | 4h | 313.81 | −0.041% | $68.0M | $151.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0384% | 4h | 313.63 | −0.099% | — | $33.7M | — | as long as short |
| Phemex TAOUSDT | +0.0389% | 4h | 313.58 | −0.115% | $3.2M | $8.0M | 50x | as long as short |
| Extended TAO-USD | +0.0392% | 1h | 313.51 | −0.138% | $905K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 313.87 | −0.022% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | −0.204% | $312K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0542% | 1h | 313.76 | −0.057% | $14K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.46 | −0.154% | $360 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0730% | 1h | 313.80 | −0.046% | $91.8M | $108.5M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0792% | 1h | 314.18 | +0.076% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0802% | 1h | 313.89 | −0.016% | $312K | $885K | 10x | as long as short |
| Lighter TAOlong | +0.0920% | 1h | 313.94 | long leg | $1.5M | $6.5M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.20 | +0.083% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.64 | −0.095% | $452K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +0.678% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Bulk TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
ApeX Omni TAOUSDT
Nado TAO-PERP
GRVT TAO_USDT_Perp
Popdex TAOUSDT
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
BingX TAO-USDT
Phemex TAOUSDT
Extended TAO-USD
Arcus TAO-USD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP