Funding you earn now, next payment 07:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.063%
Price spread now: Lighter against Extended+0.026%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now +0.026%, 7d avg +0.084%
=Together, before fees+0.107%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.058% cheaper against Extended than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.084%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.097% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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 | Extended TAO-USD | 322.94 | 0.0464 | pay 0.0058% / 1h | 25m 13s | $918K | $2.4M | 25x |
| Short | Lighter TAO | 323.03 | 0.0760 | get 0.0095% / 1h | 25m 13s | $1.6M | $6.8M | 5x |
Extended TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $62.16
- Price spread: +0.026% → +0.084%
- −$5.82
- Slippage, 4 orders
- −$24.07
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $27.27
- Costs to cover
- 0.291%
- Break-even
- 3.9 days
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 13 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 Extended live order book, 3 min ago | 1.41 bp | 3.9 bp −$4 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 13 min ago | 4.80 bp | 9.5 bp −$10 | 25.9 bp −$259 | 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 | −1.076% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 321.65 | −0.402% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 321.77 | −0.365% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.73 | −0.067% | $43K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.80 | −0.045% | $26.9M | $130.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.80 | −0.045% | $14.4M | $52.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.93 | −0.005% | $18.1M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.68 | −0.082% | $36.3M | $58.2M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.82 | −0.968% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.88 | −0.020% | $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 | 322.75 | −0.060% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.28 | −0.206% | $117K | $597K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 322.17 | −0.240% | $2K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0150% | 1h | 320.83 | −0.654% | $429K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 323.08 | +0.043% | $177K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 323.03 | +0.026% | $53K | $292K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 322.94 | −0.002% | $107.8M | $150.6M | 300x | as long as short |
| edgeX TAOUSDC | +0.0172% | 4h | 320.52 | −0.752% | $42K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0182% | 4h | 323.01 | +0.020% | $93.5M | $529.6M | 75x | as long as short |
| Phemex TAOUSDT | +0.0245% | 4h | 322.92 | −0.008% | $3.3M | $8.1M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0283% | 8h | 322.64 | −0.094% | $15K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0324% | 4h | 322.83 | −0.036% | — | $34.6M | — | as long as short |
| Aster TAOUSDT | +0.0347% | 4h | 322.85 | −0.030% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0350% | 4h | 322.97 | +0.008% | $71.0M | $156.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0401% | 1h | 323.08 | +0.043% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0406% | 4h | 321.35 | −0.495% | $547K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0422% | 4h | 323.00 | +0.017% | $4.7M | $11.2M | 100x | as long as short |
| Extended TAO-USDlong | +0.0464% | 1h | 322.94 | long leg | $918K | $2.4M | 25x | |
| Nado TAO-PERP | +0.0518% | 1h | 322.87 | −0.024% | $804K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 322.54 | −0.127% | $367K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 322.25 | −0.216% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.30 | −0.509% | $320K | $709K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 322.81 | −0.042% | $104K | $389K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 323.30 | +0.110% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0666% | 1h | 323.13 | +0.057% | $95.5M | $110.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 322.16 | −0.243% | $370 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0741% | 1h | 323.03 | +0.026% | $301K | $905K | 10x | as long as short |
| Lighter TAOshort | +0.0760% | 1h | 323.03 | +0.026% | $1.6M | $6.8M | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0920% | 1h | 323.06 | +0.036% | $15K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 323.22 | +0.085% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 322.13 | −0.251% | $461K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1143% | 1h | 323.06 | +0.037% | $6.0M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.153% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Phemex TAOUSDT
Paradex TAO-USD-PERP
BingX TAO-USDT
Aster TAOUSDT
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Arcus TAO-USD
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP