TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0744%/8h= −81.5% APRnext payment −$0.93 per $10,000 · paid last 24h −0.016%

Price spread now: 01 Exchange against Lighter+0.185%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.185% dearer against Lighter than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	317.69	0.1432	pay 0.0179% / 1h	14m 02s	$1.7M	$6.1M	5x
Short	01 Exchange TAOUSD	318.28	0.0688	get 0.0086% / 1h	14m 02s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.185%Rate

Funding earned: −$156.24
Price spread: +0.185% → 0.000%: $18.54
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$144.7
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 4 min ago	2.66 bp	5.1 bp −$5	19.2 bp −$192	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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: 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	317.69	−0.001%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.13	−0.178%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.80	+0.034%	$43K	$637K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.65	−0.328%	$91.3M	$469.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	−0.155%	$26.3M	$114.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.28	−0.759%	$167K	$40K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.90	−0.249%	$12.9M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.30	−0.123%	$112.7M	$139.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.44	−0.079%	$18.1M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.86	−0.262%	$35.4M	$54.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	314.93	−0.869%	$35K	$300K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.80	−0.910%	$47K	$253K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.52	−0.054%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.15	−0.170%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.39	−0.095%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.07	−0.195%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.64	−0.018%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	317.56	−0.041%	$79K	$683K	5x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	317.88	+0.059%	$675	$715K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0166%	1h	317.25	−0.140%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	317.15	−0.170%	$434K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0176%	4h	315.62	−0.652%	$520K	$954K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0250%	1h	317.18	−0.161%	$22K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0259%	1h	317.57	−0.039%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0279%	4h	317.16	−0.167%	$1.2M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.86	+0.053%	$373K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.96	+0.085%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0379%	8h	317.48	−0.068%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.308%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0513%	1h	317.66	−0.008%	$793K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.00	−0.532%	$330K	$681K	5x	as long as short
01 Exchange TAOUSDshort	+0.0688%	1h	318.28	+0.185%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	317.66	−0.009%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0800%	4h	317.21	−0.151%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0853%	4h	316.74	−0.299%	$67.2M	$138.7M	50x	as long as short
Variational Omni TAO	+0.0864%	4h	317.32	−0.118%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0944%	1h	317.36	−0.103%	$913K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0953%	1h	317.30	−0.123%	$321K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.98	+0.406%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.62	−0.022%	$454K	$631K	5x	as long as short
Hyperliquid TAO	+0.1366%	1h	317.62	−0.022%	$100.9M	$95.3M	5x	as long as short
Lighter TAOlong	+0.1432%	1h	317.69	long leg	$1.7M	$6.1M	5x