Funding you earn now, next payment 02:00 UTC+0.1332%/8h= +145.9% APRpaid last 24h +0.097%
Price spread now: Lighter against edgeX+1.324%109s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 4 days (all we have)−2.812%−$281 · spread now +1.324%, 7d avg +0.072%
=Together, before fees−2.582%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$258 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Lighter is 1.253% dearer against edgeX than usual: you sell high and buy low: +$125 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% 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 | edgeX TAOUSDC | 314.93 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $35K | $300K | 10x |
| Short | Lighter TAO | 319.10 | 0.1432 | get 0.0179% / 1h | 15m 38s | $1.7M | $6.1M | 5x |
edgeX TAOUSDC
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- $279.72
- Price spread: +1.324% → +0.072%
- $125.28
- Slippage, 4 orders
- −$28.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $367.95
- Costs to cover
- 0.370%
- Break-even
- from the start
Slippage from edgeX: live order book, 52 min ago; Lighter: live order book, 7 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 edgeX live order book, 52 min ago | 7.89 bp | 12.4 bp −$12 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.51 bp | 6.9 bp −$7 | 25.0 bp −$250 | doesn't fit | doesn't fit |
TAO on 42 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 | 318.20 | +1.039% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.89 | +0.623% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.72 | +0.569% | $41K | $637K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 318.73 | +1.207% | $91.9M | $468.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.70 | +1.197% | $26.3M | $114.6M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.28 | +0.111% | $167K | $40K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.30 | +0.753% | $12.9M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 318.67 | +1.188% | $113.0M | $139.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.33 | +1.080% | $18.2M | $30.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.44 | +1.115% | $35.5M | $54.0M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDClong | +0.0100% | 4h | 314.93 | long leg | $35K | $300K | 10x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.80 | −0.041% | $47K | $253K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.24 | +0.734% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.09 | +0.686% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.88 | +0.619% | $130K | $473K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.24 | +0.734% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.37 | +0.776% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 316.63 | +0.540% | $673 | $714K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0123% | 1h | 316.95 | +0.642% | $80K | $682K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0166% | 1h | 317.31 | +0.755% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0168% / S +0.0099% | 1h | 316.83 | +0.603% | $433K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0176% | 4h | 315.62 | +0.219% | $520K | $954K | 10x | as long as short |
| Bullet TAO-USD | +0.0255% | 1h | 317.37 | +0.776% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0279% | 4h | 316.94 | +0.640% | $1.2M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 318.84 | +1.241% | $375K | $384K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 318.92 | +1.267% | $100K | $529K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0376% | 8h | 318.73 | +1.206% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 318.67 | +1.188% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0518% | 1h | 317.05 | +0.674% | $791K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 316.00 | +0.340% | $330K | $681K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0606% | 1h | 317.13 | +0.700% | $22K | $1.5M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 316.89 | +0.623% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.13 | +0.698% | $365 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0800% | 4h | 318.66 | +1.185% | — | $30.9M | — | as long as short |
| Bybit TAOUSDT | +0.0850% | 4h | 318.91 | +1.264% | $67.7M | $138.6M | 50x | as long as short |
| Variational Omni TAO | +0.0864% | 4h | 317.32 | +0.758% | $5.5M | $8.9M | — | as long as short |
| Extended TAO-USD | +0.0936% | 1h | 316.68 | +0.555% | $908K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0940% | 1h | 317.63 | +0.858% | $321K | $810K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.25 | +0.737% | $1.5M | $6.6M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 318.64 | +1.180% | $455K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1364% | 1h | 318.48 | +1.127% | $101.2M | $95.3M | 5x | as long as short |
| Lighter TAOshort | +0.1432% | 1h | 319.10 | +1.324% | $1.7M | $6.1M | 5x |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO