TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0388%/8h= −42.4% APRnext payment −$0.48 per $10,000 · paid last 24h −0.134%

Price spread now: Bullet against Lighter−0.080%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bullet is 0.080% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	319.29	0.0680	pay 0.0085% / 1h	18m 54s	$1.6M	$6.7M	5x
Short	Bullet TAO-USD	319.04	0.0292	get 0.0037% / 1h	18m 54s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Lighter. 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

Position, each leg$Hold fordaysFee LighterbpFee BulletbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$81.39
Price spread: −0.080% → 0.000%: −$7.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$97.36
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 9 min ago; Bullet: no order-book sample. 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 Lighter live order book, 9 min ago	0.84 bp	2.1 bp −$2	14.8 bp −$148	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	318.73	−0.175%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.11	−0.057%	$49K	$697K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.58	−0.223%	$69.6M	$154.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.40	−0.279%	$26.5M	$130.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	−1.300%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.30	−0.310%	$15.1M	$50.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.89	−0.126%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.20	−0.342%	$35.9M	$57.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.70	−0.185%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.74	−0.173%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.08	−0.066%	$116K	$573K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.87	−0.132%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.89	−0.124%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0127%	8h	318.97	−0.101%	$653	$1.2M	5x	as long as short
BingX TAO-USDT	+0.0152%	4h	318.63	−0.207%	—	$38.9M	—	as long as short
edgeX TAOUSDC	+0.0153%	4h	319.28	−0.004%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0164%	4h	318.41	−0.276%	$110.9M	$153.7M	300x	as long as short
Binance TAOUSDT	+0.0166%	4h	318.48	−0.254%	$92.7M	$522.1M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0234%	4h	319.06	−0.072%	$54K	$276K	10x	as long as short
Paradex TAO-USD-PERP	+0.0243%	8h	319.29	0.000%	$14K	$876	10x	as long as short
dYdX TAO-USD	+0.0277%	1h	319.01	−0.088%	$128K	$88K	5x	as long as short
Bullet TAO-USDshort	+0.0292%	1h	319.04	−0.080%	$12K	$17K	20x
ApeX Omni TAOUSDT	+0.0293%	1h	319.06	−0.072%	$45K	$254K	50x	as long as short
Aster TAOUSDT	+0.0335%	4h	318.73	−0.177%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	319.48	+0.060%	$363K	$437K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0367% / S −0.0109%	1h	319.14	−0.048%	$378K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0370%	4h	319.29	+0.001%	$541K	$838K	10x	as long as short
Arcus TAO-USD	+0.0404%	1h	319.44	+0.047%	$101K	$351K	5x	as long as short
BloFin TAO-USDT	+0.0406%	4h	318.98	−0.097%	$4.8M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0416%	1h	318.42	−0.272%	$893K	$2.3M	25x	as long as short
Nado TAO-PERP	+0.0450%	1h	319.00	−0.092%	$773K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0491%	1h	319.01	−0.088%	$9K	$1.8M	25x	as long as short
Phoenix TAO	+0.0578%	1h	319.20	−0.029%	$321K	$714K	5x	as long as short
Hyperliquid TAO	+0.0586%	1h	318.79	−0.157%	$94.6M	$109.3M	5x	as long as short
Variational Omni TAO	+0.0616%	4h	319.30	+0.002%	$5.6M	$10.0M	—	as long as short
01 Exchange TAOUSD	+0.0640%	1h	319.71	+0.131%	$3K	$4K	5x	as long as short
Lighter TAOlong	+0.0680%	1h	319.29	long leg	$1.6M	$6.7M	5x
Reya TAORUSDPERP	+0.0699%	1h	318.86	−0.134%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0745%	1h	319.06	−0.072%	$315K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0780%	1h	319.28	−0.004%	$6.1M	$21.2M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.98	−0.098%	$453K	$706K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.66	+0.116%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.476%	$23K	$2K	12x	as long as short