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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC+0.0396%/8h= +43.3% APRnext payment +$0.49 per $10,000 · paid last 24h +0.152%
Price spread now: Lighter against gTrade (Gains Network)−0.035%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)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
Funding pays, the price is against you. Lighter is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$12 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD311.82L +0.0004% / S −0.0004%pay 0.0001% / 1h44m 31s$20K—150x
ShortLighter TAO311.710.0400get 0.0050% / 1h44m 31s$1.5M$6.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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

Funding earned
$83.11
Price spread: −0.035% → 0.000%
−$3.5
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$69.62
Costs to cover
0.100%
Break-even
1.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Lighter live order book, 9 min ago1.79 bp3.9 bp −$418.2 bp −$182doesn't fitdoesn't fit
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSD−0.0348%1h312.12+0.095%$5.5M$20.6M50xas long as short
dYdX TAO-USD0.0000%1h311.42−0.128%$124K$85K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h311.82long leg$20K—150x
Popdex TAOUSDT+0.0096%1h311.85+0.010%$45K$656K20xas long as short
Katana Perps TAO-USD+0.0098%8h311.87+0.016%$2K$813K5xas long as short
Pacifica TAO+0.0100%1h311.49−0.106%$355K$413K10xas long as short
Binance TAOUSDT+0.0100%4h311.53−0.093%$89.4M$497.9M75xas long as short
Bybit TAOUSDT+0.0100%4h311.46−0.115%$67.0M$149.9M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.40−0.135%$25.9M$120.1M50xas long as short
Bulk TAO-USD+0.0100%1h315.10+1.052%$167K$2K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h311.20−0.199%$13.0M$49.6M50xas long as short
MEXC TAO_USDT+0.0100%4h311.47−0.112%$101.0M$144.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.37−0.144%$17.7M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h311.23−0.189%$34.8M$56.6M50xas long as short
BingX TAO-USDT+0.0100%4h311.49−0.106%—$33.1M—as long as short
edgeX TAOUSDC+0.0100%4h312.19+0.120%$41K$314K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h311.93+0.035%$529K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.96+0.045%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.59−0.074%$82K$870K5xas long as short
Bullet TAO-USD+0.0100%1h311.94+0.038%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h311.75−0.022%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h311.63−0.061%$109K$536K20xas long as short
Aevo TAO-PERP+0.0104%1h312.02+0.065%$171K$9983xas long as short
Orderly PERP_TAO_USDC+0.0114%4h312.06+0.077%$52K$270K10xas long as short
Aster TAOUSDT+0.0118%4h311.79−0.011%$1.2M$10.4M50xas long as short
Phemex TAOUSDT+0.0127%4h312.00+0.058%$3.2M$8.1M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0141% / S +0.0131%1h311.74−0.026%$415K—100xas long as short
Paradex TAO-USD-PERP+0.0142%8h311.40−0.134%$14K$1K10xas long as short
Extended TAO-USD+0.0176%1h311.60−0.070%$913K$2.4M25xas long as short
Hyperliquid TAO+0.0217%1h311.70−0.038%$91.5M$107.2M5xas long as short
Arcus TAO-USD+0.0231%1h311.78−0.013%$101K$392K5xas long as short
Nado TAO-PERP+0.0255%1h311.77−0.015%$790K$2.2M10xas long as short
Variational Omni TAO+0.0324%4h312.10+0.090%$5.5M$10.0M—as long as short
BloFin TAO-USDT+0.0340%4h312.24+0.135%$4.5M$10.8M100xas long as short
Backpack TAO_USDC_PERP+0.0396%1h312.18+0.115%$310K$906K10xas long as short
Lighter TAOshort+0.0400%1h311.71−0.035%$1.5M$6.5M5x
01 Exchange TAOUSD+0.0416%1h311.85+0.010%$3K$4K5xas long as short
Phoenix TAO+0.0457%1h312.50+0.218%$311K$711K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0624%1h312.22+0.128%$33K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h311.81−0.005%$359—20xas long as short
RISEx TAO/USDC+0.0816%1h311.65−0.056%$433K$650K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.68+0.276%$1.5M$6.8M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.38+1.783%$23K$2K12xas long as short