Funding you earn now, next payment 06:00 UTC−0.0640%/8h= −70.1% APRnext payment −$0.80 per $10,000 · paid last 24h −0.130%
Price spread now: Popdex against Lighter−0.060%7-day average −0.074% · 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−$34as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 4 days (all we have)−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.060%, 7d avg −0.074%
=Together, before fees−0.171%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.212% in total (about -21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 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 | 314.34 | 0.0768 | pay 0.0096% / 1h | 25m 05s | $1.5M | $6.6M | 5x |
| Short | Popdex TAOUSDT | 314.15 | 0.0128 | get 0.0016% / 1h | 25m 05s | $51K | $668K | 20x |
Lighter TAO
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$134.4
- Price spread: −0.060% → −0.074%
- $1.44
- Slippage, 4 orders
- −$28.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$168.03
- Costs to cover
- 0.351%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Popdex: live order book, 24 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, 3 min ago | 1.85 bp | 14.7 bp −$15 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 24 min ago | 0.96 bp | 9.0 bp −$9 | 74.9 bp −$749 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.81 | −0.168% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0045% | 1h | 313.24 | −0.350% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.90 | −0.139% | $90.1M | $508.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.70 | −0.203% | $26.3M | $122.3M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 313.47 | −0.276% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.60 | −0.235% | $14.0M | $51.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.96 | −0.120% | $108.4M | $145.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.87 | −0.149% | $17.3M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.63 | −0.225% | $35.3M | $57.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.26 | −0.343% | $41K | $314K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
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-USD | +0.0100% | 1h | 313.92 | −0.133% | $90K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.96 | −0.120% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.54 | −0.254% | $113K | $554K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 314.07 | −0.085% | $643 | $928K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.08 | −0.084% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0122% | 4h | 314.15 | −0.060% | $52K | $290K | 10x | as long as short |
| Popdex TAOUSDTshort | +0.0128% | 1h | 314.15 | −0.060% | $51K | $668K | 20x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0128% / S +0.0140% | 1h | 313.81 | −0.167% | $420K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0192% | 4h | 313.96 | −0.120% | $3.2M | $8.0M | 50x | as long as short |
| Aster TAOUSDT | +0.0207% | 4h | 313.91 | −0.136% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.54 | −0.255% | $357K | $419K | 10x | as long as short |
| Nado TAO-PERP | +0.0268% | 1h | 314.20 | −0.043% | $775K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0269% | 8h | 313.83 | −0.161% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0303% | 1h | 314.19 | −0.046% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0325% | 1h | 314.15 | −0.059% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.97 | −0.117% | $4.6M | $10.9M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0348% | 4h | 314.02 | −0.102% | $533K | $923K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0359% | 1h | 313.36 | −0.311% | $44K | $256K | 50x | as long as short |
| Bybit TAOUSDT | +0.0423% | 4h | 313.90 | −0.139% | $68.2M | $152.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0430% | 4h | 313.88 | −0.146% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0439% | 4h | 313.02 | −0.420% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0480% | 1h | 314.08 | −0.084% | $896K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 314.38 | +0.013% | $101K | $345K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 313.30 | −0.330% | $312K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0644% | 1h | 314.10 | −0.077% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.07 | −0.086% | $361 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0760% | 1h | 314.46 | +0.039% | $3K | $4K | 5x | as long as short |
| Lighter TAOlong | +0.0768% | 1h | 314.34 | long leg | $1.5M | $6.6M | 5x | |
| Hyperliquid TAO | +0.0802% | 1h | 314.23 | −0.034% | $91.8M | $109.1M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0812% | 1h | 314.16 | −0.057% | $312K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 315.03 | +0.220% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 314.18 | −0.049% | $455K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +1.636% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Extended TAO-USD
Arcus TAO-USD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP