Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.038%
Price spread now: Lighter against 01 Exchange−0.102%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.102% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange TAOUSD | 320.11 | 0.0680 | pay 0.0085% / 1h | 10m 41s | $3K | $4K | 5x |
| Short | Lighter TAO | 319.78 | 0.0608 | get 0.0076% / 1h | 10m 41s | $1.6M | $6.9M | 5x |
01 Exchange TAOUSD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against 01 Exchange. 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
- −$15.12
- Price spread: −0.102% → 0.000%
- −$10.25
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$32.37
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 13 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 13 min ago | 1.58 bp | 8.1 bp −$8 | 22.9 bp −$229 | doesn't fit | doesn't fit |
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 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 −0.0005% | 1h | 319.39 | −0.224% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0070% | 1h | 319.31 | −0.250% | $128K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.84 | −0.084% | $47K | $713K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.50 | −0.191% | $26.5M | $132.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.10 | −0.316% | $14.8M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.40 | −0.222% | $17.9M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.29 | −0.256% | $36.0M | $57.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.64 | −0.147% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.48 | −0.197% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.10 | −0.316% | $117K | $602K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX TAO/USD [WBTC.b-USDC] | L +0.0103% / S +0.0137% | 1h | 319.40 | −0.223% | $412K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 319.54 | −0.178% | $2K | $1.1M | 5x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.85 | −0.080% | $176K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0139% | 1h | 319.58 | −0.166% | $46K | $259K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0175% | 4h | 319.67 | −0.137% | $52K | $294K | 10x | as long as short |
| edgeX TAOUSDC | +0.0184% | 4h | 317.44 | −0.835% | $42K | $321K | 10x | as long as short |
| MEXC TAO_USDT | +0.0188% | 4h | 319.73 | −0.119% | $104.4M | $152.7M | 300x | as long as short |
| Binance TAOUSDT | +0.0193% | 4h | 319.70 | −0.128% | $92.5M | $532.9M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 319.56 | −0.171% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0272% | 4h | 319.22 | −0.278% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0274% | 4h | 319.70 | −0.128% | $70.3M | $157.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0297% | 1h | 319.76 | −0.109% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 319.56 | −0.171% | $375K | $466K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0322% | 4h | 319.53 | −0.181% | $544K | $907K | 10x | as long as short |
| Phemex TAOUSDT | +0.0346% | 4h | 319.63 | −0.150% | $3.2M | $8.2M | 50x | as long as short |
| Aster TAOUSDT | +0.0356% | 4h | 319.69 | −0.132% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0384% | 1h | 319.26 | −0.265% | $906K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0429% | 4h | 319.96 | −0.047% | $4.7M | $11.0M | 100x | as long as short |
| Nado TAO-PERP | +0.0461% | 1h | 319.62 | −0.152% | $786K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 320.01 | −0.031% | $101K | $384K | 5x | as long as short |
| Variational Omni TAO | +0.0568% | 4h | 319.84 | −0.084% | $5.6M | $10.1M | — | as long as short |
| Lighter TAOshort | +0.0608% | 1h | 319.78 | −0.102% | $1.6M | $6.9M | 5x | |
| Phoenix TAO | +0.0629% | 1h | 319.90 | −0.066% | $321K | $703K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0654% | 1h | 319.67 | −0.136% | $15K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSDlong | +0.0680% | 1h | 320.11 | long leg | $3K | $4K | 5x | |
| Backpack TAO_USDC_PERP | +0.0696% | 1h | 319.80 | −0.097% | $298K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.69 | −0.133% | $368 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0711% | 1h | 319.58 | −0.166% | $94.6M | $110.7M | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0829% | 1h | 319.74 | −0.117% | $6.0M | $21.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 319.55 | −0.176% | $454K | $662K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.12 | +0.003% | $1.4M | $7.1M | 50x | as long as short |
| Bulk TAO-USD | +0.1572% | 1h | 317.17 | −0.918% | $169K | $0 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | −0.409% | $23K | $2K | 12x | as long as short |
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Phemex TAOUSDT
Aster TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Hyperliquid TAO
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Bulk TAO-USD
Injective TAO/USDC PERP