Funding you earn now, next payment 07:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.137%
Price spread now: Lighter against Bybit+0.006%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now +0.006%, 7d avg +0.036%
=Together, before fees+0.228%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.030% cheaper against Bybit than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.210% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TAOUSDT | 322.60 | 0.0342 | pay 0.0171% / 4h | 1h 23m | $70.9M | $156.0M | 50x |
| Short | Lighter TAO | 322.62 | 0.0800 | get 0.0100% / 1h | 23m 00s | $1.6M | $6.8M | 5x |
Bybit TAOUSDT
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $96.12
- Price spread: +0.006% → +0.036%
- −$2.96
- Slippage, 4 orders
- −$21.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $60.51
- Costs to cover
- 0.326%
- Break-even
- 2.6 days
Slippage from Bybit: live order book, 1 min ago; Lighter: live order book, 5 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 Bybit live order book, 1 min ago | 0.16 bp | 11.8 bp −$12 | 22.3 bp −$223 | 73.3 bp −$7,328 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.89 bp | 5.5 bp −$6 | 20.3 bp −$203 | 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 | −0.1995% | 1h | 319.47 | −0.970% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 322.36 | −0.074% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 322.52 | −0.023% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.76 | +0.050% | $44K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.60 | 0.000% | $26.9M | $130.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.20 | −0.124% | $14.4M | $52.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.47 | −0.040% | $18.0M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.15 | −0.139% | $36.2M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.82 | −0.862% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.59 | −0.003% | $86K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
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 | 322.37 | −0.071% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.35 | −0.077% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 322.84 | +0.074% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0117% / S +0.0150% | 1h | 322.55 | −0.014% | $431K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0126% | 4h | 322.80 | +0.062% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 323.24 | +0.198% | $178K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0172% | 4h | 320.52 | −0.646% | $42K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0196% | 4h | 322.19 | −0.127% | $107.6M | $150.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0210% | 4h | 322.36 | −0.075% | $93.3M | $528.0M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0290% | 8h | 322.95 | +0.109% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0304% | 4h | 322.55 | −0.015% | $3.3M | $8.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0324% | 4h | 322.39 | −0.065% | — | $34.5M | — | as long as short |
| Bybit TAOUSDTlong | +0.0342% | 4h | 322.60 | long leg | $70.9M | $156.0M | 50x | |
| Aster TAOUSDT | +0.0372% | 4h | 322.74 | +0.045% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0399% | 1h | 322.90 | +0.094% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0406% | 4h | 321.35 | −0.389% | $547K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0450% | 4h | 322.53 | −0.022% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0472% | 1h | 322.43 | −0.054% | $918K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0517% | 1h | 322.84 | +0.075% | $802K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 322.77 | +0.052% | $367K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 322.25 | −0.109% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.30 | −0.403% | $320K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0568% | 1h | 322.62 | +0.006% | $26K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 323.00 | +0.124% | $104K | $389K | 5x | as long as short |
| Hyperliquid TAO | +0.0666% | 1h | 322.47 | −0.040% | $95.3M | $109.9M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0680% | 1h | 323.61 | +0.313% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 322.63 | +0.008% | $371 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0749% | 1h | 322.34 | −0.081% | $300K | $905K | 10x | as long as short |
| Lighter TAOshort | +0.0800% | 1h | 322.62 | +0.006% | $1.6M | $6.8M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 323.67 | +0.332% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 322.64 | +0.011% | $463K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1144% | 1h | 322.62 | +0.007% | $6.0M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.260% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
BingX TAO-USDT
Aster TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP