TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0400%/8h= +43.8% APRnext payment +$0.50 per $10,000 · paid last 24h +0.038%

Price spread now: RISEx against Lighter−0.134%7-day average −0.055% · 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−$34as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.282%+$28 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.134%, 7d avg −0.055%

Together, before fees+0.506%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.079% cheaper against Lighter than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.055%). If the spread goes back, that is −$8 on $10k: about 16 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	311.09	0.0416	pay 0.0052% / 1h	41m 55s	$1.5M	$6.5M	5x
Short	RISEx TAO/USDC	310.67	0.0816	get 0.0102% / 1h	41m 55s	$436K	$658K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.134%Rate

Funding earned: $84.01
Price spread: −0.134% → −0.055%: −$7.93
Slippage, 4 orders: −$20.51
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $49.56
Costs to cover: 0.265%
Break-even: 2.9 days

Slippage from Lighter: live order book, 6 min ago; RISEx: live order book, 12 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	1.93 bp	10.6 bp −$11	21.9 bp −$219	doesn't fit	doesn't fit
Sell RISEx live order book, 12 min ago	1.59 bp	4.6 bp −$5	28.0 bp −$280	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	−0.0350%	1h	310.58	−0.163%	$5.5M	$20.7M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	310.65	−0.141%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.27	−0.265%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.51	−0.186%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	310.42	−0.215%	$635	$818K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.79	−0.097%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.25	+0.050%	$89.3M	$499.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.38	+0.094%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.30	+0.068%	$25.8M	$120.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.60	−0.157%	$13.0M	$49.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	311.34	+0.081%	$101.1M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.23	+0.045%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.06	−0.009%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.16	+0.023%	—	$33.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.355%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.95	+0.275%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.85	+0.245%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.52	−0.183%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.64	−0.144%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.52	−0.183%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.32	−0.247%	$108K	$537K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.71	−0.123%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	310.49	−0.193%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0115%	4h	310.67	−0.135%	$1.2M	$10.4M	50x	as long as short
Bulk TAO-USD	+0.0125%	1h	311.89	+0.258%	$166K	$333	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	310.23	−0.275%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	310.71	−0.122%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0200%	1h	311.19	+0.033%	$908K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.18	+0.029%	$101K	$394K	5x	as long as short
Hyperliquid TAO	+0.0247%	1h	311.30	+0.068%	$91.3M	$107.3M	5x	as long as short
Nado TAO-PERP	+0.0284%	1h	310.57	−0.165%	$789K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.325%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.44	+0.113%	$4.5M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0354%	1h	310.57	−0.166%	$21K	$1.8M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0411%	1h	311.14	+0.016%	$309K	$906K	10x	as long as short
Lighter TAOlong	+0.0416%	1h	311.09	long leg	$1.5M	$6.5M	5x
01 Exchange TAOUSD	+0.0432%	1h	310.69	−0.128%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.454%	$311K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.45	−0.205%	$357	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	310.67	−0.134%	$436K	$658K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.25	+0.052%	$1.5M	$6.8M	50x	as long as short
Phemex TAOUSDT	+0.1108%	4h	310.68	−0.131%	$3.2M	$8.0M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+2.022%	$23K	$2K	12x	as long as short