Funding you earn now, next payment 05:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.123%
Price spread now: OKX against Lighter−0.303%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 7 days+0.278%+$28 · spread now −0.303%, 7d avg −0.081%
=Together, before fees+0.037%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and OKX is 0.223% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.241% in total (about -12.6% 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 | 313.65 | 0.0632 | pay 0.0079% / 1h | 16m 58s | $1.5M | $6.5M | 5x |
| Short | OKX TAO-USDT-SWAP | 312.70 | 0.0100 | get 0.0100% / 8h | 3h 16m | $26.1M | $121.0M | 50x |
Lighter TAO
OKX TAO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$111.72
- Price spread: −0.303% → −0.081%
- −$22.26
- Slippage, 4 orders
- −$19.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$163.8
- Costs to cover
- 0.298%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago | 1.30 bp | 7.7 bp −$8 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.60 bp | 9.5 bp −$9 | 14.9 bp −$149 | 62.9 bp −$6,295 | 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 | −0.0346% | 1h | 313.37 | −0.090% | $5.6M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.03 | −0.197% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 313.26 | −0.124% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.36 | −0.093% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 313.30 | −0.112% | $641 | $845K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.66 | +0.003% | $357K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.76 | −0.284% | $89.6M | $501.5M | 75x | as long as short |
| OKX TAO-USDT-SWAPshort | +0.0100% | 8h | 312.70 | −0.303% | $26.1M | $121.0M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 312.60 | −0.335% | $13.3M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.61 | −0.332% | $102.9M | $145.5M | 300x | 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
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.79 | −0.275% | $17.9M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.38 | −0.405% | $35.1M | $56.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.63 | −0.645% | $41K | $314K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.55 | −0.671% | $529K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.33 | −0.421% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.18 | −0.150% | $79K | $901K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 313.38 | −0.085% | $12K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.16 | −0.157% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.03 | −0.198% | $111K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.17 | −0.153% | $3.1M | $8.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0104% | 4h | 312.81 | −0.268% | — | $33.7M | — | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.49 | −0.053% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 313.31 | −0.109% | $52K | $290K | 10x | as long as short |
| Aster TAOUSDT | +0.0124% | 4h | 312.87 | −0.249% | $1.3M | $10.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0136% / S +0.0136% | 1h | 313.04 | −0.193% | $416K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0158% | 8h | 313.60 | −0.015% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0161% | 4h | 312.83 | −0.262% | $67.4M | $150.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 313.73 | +0.025% | $102K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0308% | 4h | 311.97 | −0.536% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0320% | 1h | 312.78 | −0.278% | $914K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0329% | 1h | 313.29 | −0.114% | $791K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.40 | −0.080% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 313.70 | +0.016% | $312K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0473% | 1h | 313.00 | −0.208% | $91.9M | $107.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 313.74 | +0.028% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0509% | 1h | 312.89 | −0.243% | $311K | $885K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0554% | 1h | 313.31 | −0.109% | $13K | $1.8M | 25x | as long as short |
| Lighter TAOlong | +0.0632% | 1h | 313.65 | long leg | $1.5M | $6.5M | 5x | |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.34 | −0.101% | $360 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 313.52 | −0.042% | $444K | $647K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.870% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 314.25 | +0.191% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 316.67 | +0.963% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
BingX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Bybit TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP