Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h +0.123%
Price spread now: Lighter against MEXC+0.115%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Long on MEXCShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.243%+$24 on $10k
Price spread, last 7 days−0.128%−$13 · spread now +0.115%, 7d avg +0.051%
Together, before fees+0.116%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.065% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.051%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.243% in total (about 12.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TAO_USDT312.520.0100pay 0.0050% / 4h3h 13m$103.0M$145.6M300x
ShortLighter TAO312.880.0640get 0.0080% / 1h13m 46s$1.5M$6.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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

Funding earned
$113.4
Price spread: +0.115% → +0.051%
$6.46
Slippage, 4 orders
−$18.21
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$101.64
Costs to cover
0.182%
Break-even
0.7 days
Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.48 bp2.1 bp −$28.5 bp −$8529.7 bp −$2,972115.4 bp −$57.7K
Sell Lighter live order book, 4 min ago2.06 bp9.1 bp −$929.4 bp −$294doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSD−0.0347%1h312.44−0.025%$5.5M$20.7M50xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.15−0.118%$20K—150xas long as short
dYdX TAO-USD+0.0011%1h312.24−0.090%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h312.57+0.016%$46K$656K20xas long as short
Katana Perps TAO-USD+0.0099%8h312.50−0.006%$2K$848K5xas long as short
Pacifica TAO+0.0100%1h312.66+0.046%$356K$416K10xas long as short
Binance TAOUSDT+0.0100%4h312.520.000%$89.4M$501.6M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.50−0.006%$26.1M$121.0M50xas long as short
Gate TAO_USDT+0.0100%4h312.30−0.070%$13.3M$50.4M50xas long as short
MEXC TAO_USDTlong+0.0100%4h312.52long leg$103.0M$145.6M300x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h312.44−0.026%$17.8M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h312.17−0.112%$35.0M$56.5M50xas long as short
edgeX TAOUSDC+0.0100%4h313.34+0.263%$42K$314K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.61+0.349%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h312.42−0.032%$82K$905K5xas long as short
Bullet TAO-USD+0.0100%1h312.51−0.004%$12K$17K20xas long as short
SunX TAO-USDT+0.0100%4h312.41−0.035%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.12−0.128%$110K$542K20xas long as short
Phemex TAOUSDT+0.0100%4h312.53+0.003%$3.1M$8.0M50xas long as short
BingX TAO-USDT+0.0104%4h312.54+0.006%—$33.7M—as long as short
Aevo TAO-PERP+0.0104%1h312.65+0.041%$172K$9983xas long as short
Aster TAOUSDT+0.0114%4h312.56+0.012%$1.3M$10.5M50xas long as short
Orderly PERP_TAO_USDC+0.0114%4h312.49−0.010%$52K$290K10xas long as short
GRVT TAO_USDT_Perp+0.0124%4h312.88+0.114%$531K$956K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0136% / S +0.0132%1h312.12−0.128%$421K—100xas long as short
Paradex TAO-USD-PERP+0.0162%8h312.51−0.003%$14K$1K10xas long as short
Bybit TAOUSDT+0.0179%4h312.57+0.016%$67.4M$150.6M50xas long as short
Arcus TAO-USD+0.0231%1h312.89+0.118%$101K$394K5xas long as short
Extended TAO-USD+0.0320%1h312.49−0.009%$914K$2.4M25xas long as short
Variational Omni TAO+0.0323%4h312.65+0.042%$5.5M$10.1M—as long as short
Nado TAO-PERP+0.0332%1h312.64+0.038%$789K$2.2M10xas long as short
BloFin TAO-USDT+0.0340%4h312.54+0.006%$4.5M$10.8M100xas long as short
Phoenix TAO+0.0457%1h313.70+0.378%$312K$711K5xas long as short
Hyperliquid TAO+0.0477%1h312.65+0.042%$91.8M$107.8M5xas long as short
01 Exchange TAOUSD+0.0488%1h312.80+0.090%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0500%1h312.63+0.035%$311K$885K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0530%1h312.58+0.018%$13K$1.8M25xas long as short
Lighter TAOshort+0.0640%1h312.88+0.115%$1.5M$6.5M5x
Reya TAORUSDPERP+0.0697%1h312.55+0.008%$359—20xas long as short
RISEx TAO/USDC+0.0816%1h312.64+0.038%$443K$647K5xas long as short
Bulk TAO-USD+0.0817%1h310.92−0.511%$165K$33310xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.90+0.122%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h316.67+1.328%$23K$2K12xas long as short