Funding you earn now, next payment 05:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.122%
Price spread now: Aevo against Lighter−0.215%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$350as in the Price arb table
costs, in and out, $10k−$3323.323% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.215%, 7d avg −0.036%
=Together, before fees+0.012%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aevo is 0.180% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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 | Lighter TAO | 312.64 | 0.0432 | pay 0.0054% / 1h | 47m 44s | $1.5M | $6.4M | 5x |
| Short | Aevo TAO-PERP | 311.97 | 0.0104 | get 0.0013% / 1h | 47m 44s | $171K | $998 | 3x |
Lighter TAO
Aevo TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Lighter. 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
- −$68.88
- Price spread: −0.215% → −0.036%
- −$17.99
- Slippage, 4 orders
- −$316.28
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$419.16
- Costs to cover
- 3.323%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Aevo: live order book, 6 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 Lighter live order book, 5 min ago | 1.79 bp | 7.8 bp −$8 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 6 min ago | 76.45 bp | 226.3 bp −$226 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 312.38 | −0.084% | $5.5M | $20.6M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.20 | −0.141% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.66 | −0.313% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.16 | −0.154% | $45K | $655K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 311.94 | −0.225% | $639 | $812K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.35 | −0.093% | $356K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.26 | −0.123% | $89.7M | $497.3M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.22 | −0.135% | $67.3M | $149.7M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.10 | −0.173% | $25.9M | $120.2M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +0.786% | $167K | $2K | 10x | as long as short |
Kraken Futures PF_TAOUSD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 311.90 | −0.237% | $13.0M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.10 | −0.173% | $101.1M | $144.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.30 | −0.109% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.99 | −0.209% | $34.9M | $56.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.09 | −0.177% | — | $33.0M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.18 | +0.491% | $42K | $312K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.25 | +0.514% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.13 | −0.164% | $81K | $867K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.96 | −0.218% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.70 | −0.301% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.20 | −0.461% | $108K | $536K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.33 | −0.100% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERPshort | +0.0104% | 1h | 311.97 | −0.215% | $171K | $998 | 3x | |
| GRVT TAO_USDT_Perp | +0.0112% | 4h | 314.50 | +0.595% | $533K | $955K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0118% | 4h | 311.79 | −0.273% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0122% | 4h | 312.41 | −0.074% | $1.2M | $10.4M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0141% | 8h | 312.16 | −0.154% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0142% / S +0.0130% | 1h | 311.65 | −0.318% | $416K | — | 100x | as long as short |
| Hyperliquid TAO | +0.0146% | 1h | 312.57 | −0.023% | $91.7M | $107.0M | 5x | as long as short |
| Extended TAO-USD | +0.0184% | 1h | 312.01 | −0.202% | $913K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.42 | −0.071% | $101K | $391K | 5x | as long as short |
| Nado TAO-PERP | +0.0245% | 1h | 312.42 | −0.073% | $786K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.09 | −0.177% | $4.5M | $10.8M | 100x | as long as short |
| Variational Omni TAO | +0.0346% | 4h | 312.61 | −0.010% | $5.6M | $10.0M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0377% | 1h | 311.91 | −0.233% | $21K | $1.7M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0390% | 1h | 312.58 | −0.020% | $310K | $912K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 312.25 | −0.125% | $3K | $4K | 5x | as long as short |
| Lighter TAOlong | +0.0432% | 1h | 312.64 | long leg | $1.5M | $6.4M | 5x | |
| Phoenix TAO | +0.0457% | 1h | 313.90 | +0.402% | $312K | $711K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.24 | −0.128% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.15 | −0.156% | $432K | $650K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.33 | −0.100% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.515% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Hyperliquid TAO
Extended TAO-USD
Arcus TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP