TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.118%

Price spread now: Lighter against Bullet+0.029%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Lighter

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.029% dearer against Bullet than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	314.90	0.0100	pay 0.0013% / 1h	13m 25s	$12K	$18K	20x
Short	Lighter TAO	314.99	0.0344	get 0.0043% / 1h	13m 25s	$1.5M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bullet. 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 BulletbpFee LighterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $51.24
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $46.18
Costs to cover: 0.080%
Break-even: 0.7 days

Slippage unknown: Bullet: no order-book sample; Lighter: live order book, 5 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 Bullet no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	1.09 bp	3.8 bp −$4	20.9 bp −$209	doesn't fit	doesn't fit

Bullet: 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
dYdX TAO-USD	0.0000%	1h	314.54	−0.113%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.63	−0.087%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.59	−0.098%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.81	−0.028%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.66	−0.075%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.89	−0.001%	$91.0M	$494.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.86	−0.012%	$67.9M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.031%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.50	−0.126%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.89	−0.002%	$110.8M	$144.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.57	−0.104%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.56	−0.107%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.85	−0.015%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.09	+0.061%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.71	−0.061%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.38	+0.153%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.64	−0.082%	$77K	$859K	5x	as long as short
Bullet TAO-USDlong	+0.0100%	1h	314.90	long leg	$12K	$18K	20x
SunX TAO-USDT	+0.0100%	4h	314.75	−0.047%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.63	−0.403%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.61	−0.091%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	−0.069%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.71	−0.059%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.84	−0.018%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.66	−0.077%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	314.78	−0.039%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0172%	4h	314.67	−0.071%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.68	−0.069%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0215%	1h	314.61	−0.091%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0269%	1h	314.93	+0.010%	$92.6M	$106.5M	5x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	314.94	+0.013%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.96	+0.020%	$4.6M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0344%	1h	314.73	−0.053%	$315K	$913K	10x	as long as short
Lighter TAOshort	+0.0344%	1h	314.99	+0.029%	$1.5M	$6.5M	5x
Arcus TAO-USD	+0.0345%	1h	315.06	+0.052%	$99K	$438K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0354%	1h	314.62	−0.087%	$23K	$1.7M	25x	as long as short
Pacifica TAO	+0.0365%	1h	314.76	−0.043%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.086%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.10	+0.064%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.86	−0.013%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.81	−0.028%	$436K	$652K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.388%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.046%	$23K	$2K	12x	as long as short