Funding you earn now, next payment 05:00 UTC−0.0468%/8h= −51.3% APRpaid last 24h −0.090%
Price spread now: Aster against Lighter−0.086%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 6 days (all we have)−0.033%−$3 on $10k
+Price spread, last 7 days+0.267%+$27 · spread now −0.086%, 7d avg +0.038%
=Together, before fees+0.234%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.124% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.033% in total (about -2.2% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TAO | 310.70 | 0.0576 | pay 0.0072% / 1h | 23m 46s | $1.5M | $6.5M | 5x |
| Short | Aster TAOUSDT | 310.43 | 0.0108 | get 0.0054% / 4h | 3h 23m | $1.3M | $10.5M | 50x |
Lighter TAO
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$98.36
- Price spread: −0.086% → +0.038%
- −$12.44
- Slippage, 4 orders
- −$22.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$140.98
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Aster: live order book, 5 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, 4 min ago | 1.65 bp | 10.0 bp −$10 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 2.24 bp | 9.2 bp −$9 | 17.0 bp −$170 | 128.3 bp −$12.8K | 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 | −0.0350% | 1h | 310.11 | −0.191% | $5.5M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.42 | −0.091% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0014% | 1h | 310.34 | −0.114% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.82 | +0.039% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 310.68 | −0.006% | $636 | $842K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 310.73 | +0.009% | $354K | $414K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 310.57 | −0.041% | $89.0M | $500.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 310.90 | +0.065% | $66.9M | $150.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.90 | +0.065% | $25.8M | $120.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.10 | −0.193% | $13.2M | $50.1M | 50x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 310.54 | −0.051% | $101.7M | $145.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.40 | −0.096% | $17.6M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.56 | −0.045% | $34.8M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.44 | −0.083% | — | $33.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.00 | +0.098% | $41K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.97 | +0.408% | $530K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 310.75 | +0.016% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 310.57 | −0.042% | $79K | $900K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 310.72 | +0.006% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.49 | −0.067% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 309.61 | −0.351% | $109K | $541K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.48 | −0.070% | $171K | $998 | 3x | as long as short |
| Aster TAOUSDTshort | +0.0108% | 4h | 310.43 | −0.086% | $1.3M | $10.5M | 50x | |
| Orderly PERP_TAO_USDC | +0.0116% | 4h | 310.53 | −0.054% | $51K | $291K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0137% / S +0.0135% | 1h | 310.37 | −0.107% | $412K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0139% | 8h | 310.59 | −0.034% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 311.08 | +0.123% | $101K | $394K | 5x | as long as short |
| Bulk TAO-USD | +0.0264% | 1h | 312.41 | +0.551% | $166K | $333 | 10x | as long as short |
| Phemex TAOUSDT | +0.0275% | 4h | 310.24 | −0.148% | $3.1M | $8.0M | 50x | as long as short |
| Variational Omni TAO | +0.0294% | 4h | 311.14 | +0.141% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0304% | 1h | 310.38 | −0.104% | $904K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 310.95 | +0.081% | $4.5M | $10.7M | 100x | as long as short |
| Nado TAO-PERP | +0.0357% | 1h | 310.71 | +0.003% | $785K | $2.2M | 10x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.60 | +0.612% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0462% | 1h | 311.00 | +0.097% | $91.4M | $107.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 311.01 | +0.100% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0490% | 1h | 310.59 | −0.035% | $309K | $885K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0516% | 1h | 310.24 | −0.147% | $16K | $1.8M | 25x | as long as short |
| Lighter TAOlong | +0.0576% | 1h | 310.70 | long leg | $1.5M | $6.5M | 5x | |
| Reya TAORUSDPERP | +0.0697% | 1h | 310.62 | −0.024% | $357 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 310.83 | +0.041% | $442K | $655K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 311.60 | +0.290% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +1.462% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
Bulk TAO-USD
Phemex TAOUSDT
Variational Omni TAO
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP