TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0499%/8h= −54.7% APRnext payment −$0.62 per $10,000 · paid last 24h +0.032%

Price spread now: RISEx against Lighter−0.329%7-day average −0.054% · 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−$53as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.274%+$27 on $10k

Price spread, last 4 days (all we have)+0.343%+$34 · spread now −0.329%, 7d avg −0.054%

Together, before fees+0.617%+ Points / potential airdropLighter: Season 3 · farm board+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and RISEx is 0.274% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.274%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	319.93	0.1640	pay 0.0205% / 1h	46m 02s	$1.7M	$5.9M	5x
Short	RISEx TAO/USDC	318.88	0.1141	get 0.0143% / 1h	46m 02s	$422K	$590K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.329%Rate

Funding earned: −$104.83
Price spread: −0.329% → −0.054%: −$27.43
Slippage, 4 orders: −$19.12
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$157.38
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; RISEx: live order book, 28 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, 7 min ago	2.21 bp	6.0 bp −$6	17.8 bp −$178	doesn't fit	doesn't fit
Sell RISEx live order book, 28 min ago	0.48 bp	3.5 bp −$4	26.4 bp −$264	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
Bulk TAO-USD	−0.0882%	1h	320.07	+0.043%	$170K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.81	−0.351%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.34	−0.498%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.78	−0.360%	$42K	$582K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.91	−0.006%	$92.5M	$441.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	+0.022%	$26.0M	$107.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−0.135%	$12.9M	$49.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.57	−0.113%	$106.5M	$132.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.71	−0.382%	$18.9M	$28.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.89	−0.013%	$35.7M	$49.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	320.20	+0.083%	$37K	$289K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.59	−0.107%	$48K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.61	−0.413%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.40	−0.479%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.66	−0.397%	$127K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.15	−0.244%	$3.5M	$8.0M	50x	as long as short
Katana Perps TAO-USD	+0.0102%	8h	319.09	−0.263%	$1K	$599K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.07	−0.269%	$175K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	318.28	−0.517%	$462K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	319.35	−0.182%	$378K	$373K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.14	−0.247%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0232%	4h	319.39	−0.168%	$1.1M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	319.04	−0.277%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0257%	1h	318.62	−0.410%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	320.78	+0.266%	$532K	$946K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0338%	1h	318.69	−0.388%	$21K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.00	−0.291%	$4.4M	$10.9M	100x	as long as short
Variational Omni TAO	+0.0341%	4h	319.24	−0.216%	$5.5M	$8.6M	—	as long as short
Polymarket Perps TAO-USD	+0.0365%	1h	318.93	−0.313%	$94K	$639K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.31	−0.195%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	319.50	−0.135%	$334K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.09	−0.263%	$23K	$649	12x	as long as short
BingX TAO-USDT	+0.0622%	4h	319.99	+0.018%	—	$30.8M	—	as long as short
Bybit TAOUSDT	+0.0641%	4h	320.36	+0.134%	$66.1M	$130.6M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.50	−0.448%	$366	—	20x	as long as short
Nado TAO-PERP	+0.0781%	1h	318.89	−0.325%	$887K	$2.0M	10x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	319.15	−0.244%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0960%	1h	319.99	+0.018%	$320K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.75	−0.057%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1096%	1h	318.64	−0.404%	$929K	$2.2M	25x	as long as short
RISEx TAO/USDCshort	+0.1141%	1h	318.88	−0.329%	$422K	$590K	5x
Lighter TAOlong	+0.1640%	1h	319.93	long leg	$1.7M	$5.9M	5x
Hyperliquid TAO	+0.2817%	1h	320.77	+0.262%	$104.4M	$89.4M	5x	as long as short