Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0948%/8h= +103.8% APRpaid last 24h +0.112%
Price spread now: Lighter against Gate+0.146%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Long on GateShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.215%+$22 on $10k
Price spread, last 7 days−0.095%−$9 · spread now +0.146%, 7d avg +0.065%
Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Lighter is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.065%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT317.600.0100pay 0.0050% / 4h1h 53m$13.0M$49.1M50x
ShortLighter TAO318.060.1048get 0.0131% / 1h53m 29s$1.6M$6.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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
$199.08
Price spread: +0.146% → +0.065%
$8.15
Slippage, 4 orders
−$36.65
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
$155.57
Costs to cover
0.517%
Break-even
1.5 days
Slippage from Gate: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago3.17 bp18.5 bp −$1940.6 bp −$40661.3 bp −$6,127101.1 bp −$50.5K
Sell Lighter live order book, 5 min ago3.06 bp6.8 bp −$724.7 bp −$247doesn't fitdoesn't fit

TAO on 42 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
Bulk TAO-USD−0.2257%1h317.17−0.135%$168K$40K10xas long as short
ApeX Omni TAOUSDT−0.0750%1h314.06−1.115%$47K$253K50xas long as short
dYdX TAO-USD0.0000%1h317.50−0.031%$127K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h317.09−0.160%$10K—150xas long as short
Popdex TAOUSDT+0.0096%1h317.80+0.063%$45K$646K20xas long as short
Binance TAOUSDT+0.0100%4h317.83+0.072%$91.9M$467.6M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.70+0.031%$26.2M$115.3M50xas long as short
Gate TAO_USDTlong+0.0100%4h317.60long leg$13.0M$49.1M50x
MEXC TAO_USDT+0.0100%4h317.81+0.066%$104.8M$137.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h317.49−0.035%$18.2M$30.7M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h317.47−0.041%$35.4M$53.4M50xas long as short
edgeX TAOUSDC+0.0100%4h317.37−0.073%$36K$300K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.40−0.063%$79K$729K5xas long as short
Orderly PERP_TAO_USDC+0.0100%4h317.29−0.098%$58K$282K10xas long as short
SunX TAO-USDT+0.0100%4h317.22−0.120%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.96+0.113%$130K$475K20xas long as short
Phemex TAOUSDT+0.0100%4h317.15−0.142%$3.4M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h317.73+0.042%$174K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h317.75+0.047%$675$735K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0165% / S +0.0104%1h317.07−0.166%$431K—100xas long as short
GRVT TAO_USDT_Perp+0.0190%4h316.25−0.425%$526K$946K10xas long as short
Kraken Futures PF_TAOUSD+0.0247%1h317.28−0.101%$5.6M$20.5M50xas long as short
Aster TAOUSDT+0.0295%4h317.60−0.001%$1.2M$9.3M50xas long as short
Bullet TAO-USD+0.0330%1h317.45−0.047%$12K$18K20xas long as short
Paradex TAO-USD-PERP+0.0350%8h317.79+0.059%$14K$1K10xas long as short
Pacifica TAO+0.0448%1h317.82+0.069%$376K$393K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0458%1h317.32−0.089%$14K$1.6M25xas long as short
Nado TAO-PERP+0.0506%1h317.65+0.017%$765K$2.1M10xas long as short
Arcus TAO-USD+0.0509%1h318.14+0.170%$100K$489K5xas long as short
Phoenix TAO+0.0588%1h316.10−0.472%$332K$707K5xas long as short
BingX TAO-USDT+0.0686%4h317.79+0.060%—$30.3M—as long as short
Reya TAORUSDPERP+0.0696%1h317.35−0.079%$365—20xas long as short
Bybit TAOUSDT+0.0736%4h317.92+0.101%$67.5M$138.5M50xas long as short
01 Exchange TAOUSD+0.0760%1h318.23+0.198%$3K$4K5xas long as short
Variational Omni TAO+0.0865%4h319.02+0.448%$6.0M$9.6M—as long as short
Backpack TAO_USDC_PERP+0.0867%1h317.06−0.170%$320K$802K10xas long as short
Extended TAO-USD+0.0912%1h317.600.000%$900K$2.3M25xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h319.28+0.529%$1.5M$6.5M50xas long as short
Lighter TAOshort+0.1048%1h318.06+0.146%$1.6M$6.1M5x
RISEx TAO/USDC+0.1159%1h317.89+0.090%$450K$626K5xas long as short
Hyperliquid TAO+0.1442%1h317.93+0.102%$100.6M$98.1M5xas long as short
Injective TAO/USDC PERP+0.4172%1h320.94+1.052%$23K$2K12xas long as short