Funding you earn now, next payment 03:00 UTC+0.0752%/8h= +82.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.026%
Price spread now: Lighter against GMX+0.118%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)−0.385%−$38 · spread now +0.118%, 7d avg +0.083%
=Together, before fees−0.561%+ Points / potential airdropLighter: Season 3 · farm board−$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.034% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.083%. Mind the row above: over the last 3 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.176% in total (about -19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 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 | GMX TAO/USD [WBTC.b-USDC] | 323.56 | L +0.0160% / S +0.0125% | pay 0.0020% / 1h | 27m 53s | $449K | — | 100x |
| Short | Lighter TAO | 323.94 | 0.0912 | get 0.0114% / 1h | 27m 53s | $1.6M | $6.3M | 5x |
GMX TAO/USD [WBTC.b-USDC]
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $157.83
- Price spread: +0.118% → +0.083%
- $3.43
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $149.26
- Costs to cover
- 0.120%
- Break-even
- 0.4 days
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 3.30 bp | 7.2 bp −$7 | 20.5 bp −$205 | doesn't fit | doesn't fit |
GMX: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.5583% | 1h | 316.49 | −2.185% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.51 | −0.016% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.60 | +0.013% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 324.14 | +0.179% | $34K | $675K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 323.67 | +0.034% | $94.6M | $479.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.50 | −0.019% | $26.6M | $119.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.30 | −0.081% | $13.3M | $49.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 323.56 | 0.000% | $100.5M | $141.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.34 | −0.068% | $18.1M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.33 | −0.072% | $36.2M | $54.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 324.24 | +0.210% | $37K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.90 | +0.105% | $87K | $791K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.49 | −0.022% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.73 | +0.052% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.66 | +0.030% | $3.5M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 323.86 | +0.093% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 323.68 | +0.037% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0116% | 8h | 324.21 | +0.200% | $689 | $776K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0160% / S +0.0125% | 1h | 323.56 | long leg | $449K | — | 100x | |
| Kraken Futures PF_TAOUSD | +0.0242% | 1h | 323.74 | +0.054% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0264% | 4h | 323.95 | +0.120% | $537K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0285% | 1h | 323.88 | +0.098% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0308% | 8h | 324.01 | +0.139% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 322.64 | −0.285% | $4.6M | $11.2M | 100x | as long as short |
| Aster TAOUSDT | +0.0364% | 4h | 323.52 | −0.013% | $1.1M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 323.81 | +0.077% | $383K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.60 | +0.321% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 324.27 | +0.219% | $101K | $487K | 5x | as long as short |
| BingX TAO-USDT | +0.0563% | 4h | 323.53 | −0.010% | — | $30.3M | — | as long as short |
| Nado TAO-PERP | +0.0572% | 1h | 323.90 | +0.105% | $793K | $2.2M | 10x | as long as short |
| Bybit TAOUSDT | +0.0572% | 4h | 323.73 | +0.052% | $70.9M | $143.7M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0685% | 1h | 323.84 | +0.087% | $21K | $1.6M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 323.95 | +0.120% | $373 | — | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0723% | 1h | 323.82 | +0.080% | $48K | $253K | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 324.40 | +0.259% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 323.28 | −0.088% | $949K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0868% | 4h | 323.85 | +0.089% | $6.0M | $9.8M | — | as long as short |
| Lighter TAOshort | +0.0912% | 1h | 323.94 | +0.118% | $1.6M | $6.3M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 324.38 | +0.253% | $1.5M | $6.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1062% | 1h | 323.84 | +0.086% | $445K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 324.07 | +0.159% | $458K | $640K | 5x | as long as short |
| Hyperliquid TAO | +0.1267% | 1h | 323.94 | +0.117% | $101.9M | $99.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | −0.059% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
BingX TAO-USDT
Nado TAO-PERP
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
ApeX Omni TAOUSDT
01 Exchange TAOUSD
Extended TAO-USD
Variational Omni TAO
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP