Funding you earn now, next payment 07:00 UTC+0.0768%/8h= +84.1% APRnext payment +$0.96 per $10,000 · paid last 24h +0.138%
Price spread now: Lighter against Popdex−0.007%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−$37as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 4 days (all we have)+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.007%, 7d avg +0.074%
=Together, before fees+0.237%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.081% cheaper against Popdex than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.074%). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$23 a day). At the pace of the last 4 days (+0.212% in total) that is about 34 hours.
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 21.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 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 | Popdex TAOUSDT | 321.41 | 0.0096 | pay 0.0012% / 1h | 52m 22s | $40K | $694K | 20x |
| Short | Lighter TAO | 321.39 | 0.0864 | get 0.0108% / 1h | 52m 22s | $1.5M | $6.6M | 5x |
Popdex TAOUSDT
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Popdex. 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
- $161.28
- Price spread: −0.007% → +0.074%
- −$8.11
- Slippage, 4 orders
- −$22.19
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $124.58
- Costs to cover
- 0.286%
- Break-even
- 1.6 days
Slippage from Popdex: live order book, 57 min ago; Lighter: live order book, 6 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 Popdex live order book, 57 min ago | 0.96 bp | 7.4 bp −$7 | 68.8 bp −$688 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 5.08 bp | 6.5 bp −$7 | 26.5 bp −$265 | 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 | −0.2101% | 1h | 320.87 | −0.168% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.75 | −0.207% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.96 | −0.140% | $21K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 321.41 | long leg | $40K | $694K | 20x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.90 | −0.159% | $26.7M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.90 | −0.159% | $14.2M | $51.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.23 | −0.056% | $17.6M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.90 | −0.159% | $36.1M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 324.34 | +0.912% | $47K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.25 | −0.050% | $78K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 320.81 | −0.187% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.97 | −0.137% | $118K | $584K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.86 | −0.171% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 321.24 | −0.053% | $729 | $985K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 321.07 | −0.106% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 321.14 | −0.083% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0123% / S +0.0155% | 1h | 320.92 | −0.152% | $434K | — | 100x | as long as short |
| MEXC TAO_USDT | +0.0146% | 4h | 321.32 | −0.028% | $105.2M | $149.2M | 300x | as long as short |
| Binance TAOUSDT | +0.0148% | 4h | 320.78 | −0.196% | $93.6M | $524.8M | 75x | as long as short |
| edgeX TAOUSDC | +0.0158% | 4h | 322.15 | +0.232% | $43K | $316K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0266% | 8h | 320.98 | −0.133% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0301% | 4h | 320.87 | −0.168% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0370% | 1h | 321.40 | −0.003% | $12K | $17K | 20x | as long as short |
| Bybit TAOUSDT | +0.0380% | 4h | 320.70 | −0.221% | $70.0M | $155.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0382% | 4h | 321.24 | −0.053% | — | $34.3M | — | as long as short |
| BloFin TAO-USDT | +0.0388% | 4h | 320.87 | −0.168% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0434% | 4h | 321.38 | −0.011% | $548K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 320.98 | −0.135% | $914K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0506% | 4h | 323.50 | +0.650% | $5.7M | $10.1M | — | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.08 | −0.104% | $365K | $422K | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 324.40 | +0.930% | $323K | $709K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0584% | 1h | 320.58 | −0.258% | $319K | $899K | 10x | as long as short |
| Hyperliquid TAO | +0.0613% | 1h | 321.61 | +0.063% | $95.1M | $109.8M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0623% | 1h | 321.10 | −0.097% | $14K | $1.9M | 25x | as long as short |
| Nado TAO-PERP | +0.0633% | 1h | 321.28 | −0.041% | $803K | $2.2M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 321.48 | +0.022% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.45 | +0.012% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 321.46 | +0.016% | $370 | — | 20x | as long as short |
| Lighter TAOshort | +0.0864% | 1h | 321.39 | −0.007% | $1.5M | $6.6M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 321.95 | +0.168% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.29 | −0.039% | $463K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1149% | 1h | 321.22 | −0.058% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.128% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
Bybit TAOUSDT
BingX TAO-USDT
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Pacifica TAO
Phoenix TAO
Backpack TAO_USDC_PERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP