Funding you earn now, next payment 03:00 UTC−0.0560%/8h= −61.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.095%
Price spread now: Pacifica against Lighter−0.093%57s7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.093%, 7d avg −0.067%
=Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Pacifica is 0.026% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.067%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 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 | 317.86 | 0.1008 | pay 0.0126% / 1h | 55m 44s | $1.6M | $6.1M | 5x |
| Short | Pacifica TAO | 317.56 | 0.0448 | get 0.0056% / 1h | 55m 44s | $375K | $393K | 10x |
Lighter TAO
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$117.62
- Price spread: −0.093% → −0.067%
- −$2.61
- Slippage, 4 orders
- −$18.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$146.96
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Pacifica: live order book, 8 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, 7 min ago | 2.58 bp | 4.4 bp −$4 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 8 min ago | 3.77 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
TAO on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.0185% | 1h | 315.28 | −0.811% | $167K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.35 | −0.160% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.63 | +0.243% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.55 | +0.218% | $45K | $645K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.46 | −0.126% | $91.7M | $467.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.30 | −0.175% | $26.3M | $115.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.80 | −0.018% | $13.0M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 318.06 | +0.064% | $104.7M | $137.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.03 | +0.054% | $18.0M | $30.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.53 | −0.103% | $35.4M | $53.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.02 | −0.264% | $36K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.69 | +0.262% | $76K | $722K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 318.92 | +0.334% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.34 | +0.152% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.68 | +0.259% | $131K | $474K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.21 | +0.111% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.92 | +0.335% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 318.19 | +0.105% | $2K | $730K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0148% | 1h | 316.61 | −0.392% | $47K | $252K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0165% / S +0.0104% | 1h | 318.90 | +0.327% | $433K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0192% | 4h | 317.15 | −0.222% | $527K | $957K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0246% | 1h | 318.63 | +0.242% | $5.6M | $20.5M | 50x | as long as short |
| Aster TAOUSDT | +0.0290% | 4h | 317.74 | −0.035% | $1.2M | $9.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0351% | 8h | 318.09 | +0.074% | $14K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0381% | 1h | 319.04 | +0.373% | $12K | $18K | 20x | as long as short |
| Pacifica TAOshort | +0.0448% | 1h | 317.56 | −0.093% | $375K | $393K | 10x | |
| Arcus TAO-USD | +0.0509% | 1h | 318.52 | +0.209% | $100K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0560% | 1h | 318.94 | +0.342% | $763K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 316.10 | −0.553% | $332K | $707K | 5x | as long as short |
| BingX TAO-USDT | +0.0686% | 4h | 317.90 | +0.014% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 318.93 | +0.337% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0696% | 1h | 318.75 | +0.281% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0729% | 1h | 318.91 | +0.331% | $14K | $1.6M | 25x | as long as short |
| Bybit TAOUSDT | +0.0745% | 4h | 317.65 | −0.065% | $67.4M | $138.3M | 50x | as long as short |
| Variational Omni TAO | +0.0865% | 4h | 319.02 | +0.367% | $6.0M | $9.6M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0871% | 1h | 318.65 | +0.249% | $322K | $802K | 10x | as long as short |
| Extended TAO-USD | +0.0904% | 1h | 317.92 | +0.020% | $900K | $2.3M | 25x | as long as short |
| Lighter TAOlong | +0.1008% | 1h | 317.86 | long leg | $1.6M | $6.1M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.28 | +0.448% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 318.32 | +0.145% | $450K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1379% | 1h | 318.17 | +0.098% | $100.6M | $98.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +0.970% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Paradex TAO-USD-PERP
Bullet TAO-USD
Arcus TAO-USD
Nado TAO-PERP
Phoenix TAO
BingX TAO-USDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Bybit TAOUSDT
Variational Omni TAO
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP