data as of
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Price arb /

TAO

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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.

After costs, if the gap returns to its 7d average, $10k−$16
spread now+0.074%7d average−0.013%fees + slippage, in and out−$24spread needed0.242%
Long on HyperliquidShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TAO286.310.0503pay 0.0063% / 1h51m 48s$75.6M$48.6M5x
ShortLighter TAO286.520.0112get 0.0014% / 1h51m 48s$1.3M$1.8M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.37
Funding while held
−$11.72
Slippage, 4 orders
−$15.21
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$28.56
Spread needed to break even
0.242%
Slippage from Hyperliquid: live order book, 3 min ago; Lighter: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0391%
Per $10,000 a day
−$11.72
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago1.22 bp7.7 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 1 min ago2.33 bp3.3 bp −$314.6 bp −$146doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bulk284.96cheapestHTX285.37+0.144%BloFin285.53+0.200%Pacifica285.61+0.227%Orderly285.65+0.242%dYdX285.65+0.242%SunX285.68+0.253%Gate285.70+0.260%Aster285.72+0.268%Paradex285.74+0.273%gTrade (Gains Network)285.75+0.275%Deribit285.77+0.283%GMX285.77+0.283%Phemex285.77+0.284%Bitget285.79+0.291%Aevo285.83+0.304%Reya285.83+0.307%Bullet285.87+0.319%Backpack285.87+0.319%Nado285.87+0.320%Kraken Futures285.88+0.324%OKX285.90+0.330%Phoenix285.90+0.330%edgeX285.91+0.333%MEXC285.92+0.337%Extended285.92+0.337%Binance285.93+0.340%BingX285.94+0.344%Katana Perps285.96+0.351%KuCoin285.97+0.354%ApeX Omni286.00+0.365%Popdex286.09+0.397%Arcus286.11+0.404%Bybit286.14+0.414%Polymarket Perps286.18+0.428%RISEx286.19+0.430%01 Exchange286.28+0.463%
Hyperliquid286.31+0.474%
Coinbase International286.32+0.477%
Lighter286.52+0.548%
Variational Omni286.74+0.625%Injective288.20+1.137%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.472%−0.0170%1h$149K$010xas long as short
HTX TAO-USDT−0.328%+0.0100%4h$116K$310K20xas long as short
BloFin TAO-USDT−0.272%+0.0340%4h$4.1M$6.9M100xas long as short
Pacifica TAO−0.246%+0.0100%1h$333K$368K10xas long as short
Orderly PERP_TAO_USDC−0.231%+0.0100%4h$51K$146K10xas long as short
dYdX TAO-USD−0.231%0.0000%1h$73K$55K5xas long as short
SunX TAO-USDT−0.220%+0.0100%4h$2K$1.6M20xas long as short
Gate TAO_USDT−0.213%+0.0100%4h$11.3M$44.6M50xas long as short
Aster TAOUSDT−0.205%+0.0100%4h$1.7M$4.8M50xas long as short
Paradex TAO-USD-PERP−0.200%+0.0103%8h$13K$37610xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) TAO/USD−0.197%L +0.0004% / S −0.0012%1h$18K—150xas long as short
Deribit TAO_USDC-PERPETUAL−0.190%0.0000%1h$27K$884K25xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.190%L +0.0470% / S −0.0193%1h$428K—100xas long as short
Phemex TAOUSDT−0.189%+0.0100%4h$3.0M$7.6M50xas long as short
Bitget TAOUSDT−0.182%+0.0100%4h$32.3M$35.2M50xas long as short
Aevo TAO-PERP−0.169%+0.0104%1h$157K$9983xas long as short
Reya TAORUSDPERP−0.166%+0.0692%1h$329—20xas long as short
Bullet TAO-USD−0.154%+0.0100%1h$10K$17K20xas long as short
Backpack TAO_USDC_PERP−0.154%+0.0100%1h$401K$339K10xas long as short
Nado TAO-PERP−0.153%+0.0267%1h$1.1M$1.1M10xas long as short
Kraken Futures PF_TAOUSD−0.149%+0.0288%1h$5.6M$13.2M50xas long as short
OKX TAO-USDT-SWAP−0.143%+0.0100%8h$23.1M$65.5M50xas long as short
Phoenix TAO−0.143%+0.0364%1h$304K$149K5xas long as short
edgeX TAOUSDC−0.140%+0.0100%4h$32K$286K10xas long as short
MEXC TAO_USDT−0.136%+0.0100%4h$108.3M$96.6M300xas long as short
Extended TAO-USD−0.136%+0.0104%1h$772K$1.3M25xas long as short
Binance TAOUSDT−0.133%+0.0100%4h$80.5M$312.8M75xas long as short
BingX TAO-USDT−0.129%+0.0100%4h—$28.4M—as long as short
Katana Perps TAO-USD−0.122%+0.0100%8h$645$275K5xas long as short
KuCoin TAOUSDTM−0.119%+0.0100%4h$17.5M$18.0M75xas long as short
ApeX Omni TAOUSDT−0.108%+0.0100%1h$44K$266K50xas long as short
Popdex TAOUSDT−0.077%+0.0096%1h$42K$448K20xas long as short
Arcus TAO-USD−0.070%+0.0100%1h$122K$570K5xas long as short
Bybit TAOUSDT−0.059%+0.0100%4h$52.1M$81.8M50xas long as short
Polymarket Perps TAO-USD−0.045%+0.0100%1h$73K$1.1M5xas long as short
RISEx TAO/USDC−0.044%+0.0517%1h$322K$399K5xas long as short
01 Exchange TAOUSD−0.010%+0.0320%1h$5K$4K5xas long as short
Hyperliquid TAOlong0.000%+0.0503%1h$75.6M$48.6M5x
Coinbase International TAO-PERP-INTX+0.003%+0.0920%1h$1.5M$4.1M50xas long as short
Lighter TAOshort+0.074%+0.0112%1h$1.3M$1.8M5x
Variational Omni TAO+0.150%+0.0100%4h$3.3M$4.5M—as long as short
Injective TAO/USDC PERP+0.660%+0.3146%1h$21K$125K12xas long as short