TAO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.077%

7d average—if it closes, per $10,000$8funding while held, a day+$6.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TAO	283.90	0.0096	pay 0.0012% / 1h	48m 51s	$1.3M	$2.1M	5x
Short	01 Exchange TAOUSD	283.68	0.0296	get 0.0037% / 1h	48m 51s	$3K	$4K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee LighterbpFee 01 ExchangebpOrdersClose when spread is

Spread captured: −$7.71
Funding while held: $6
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$8.71
Spread needed to break even: 0.070%

Slippage unknown: Lighter: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0200%
Per $10,000 a day: +$6.00
Average in range /8h: —

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	2.35 bp	6.4 bp −$6	22.4 bp −$224	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Bulk280.86cheapest HTX282.41+0.552%Variational Omni282.68+0.649%edgeX282.89+0.722%ApeX Omni283.04+0.776%dYdX283.20+0.833%Phoenix283.30+0.869%Pacifica283.32+0.874%Nado283.34+0.882%Katana Perps283.35+0.887%Gate283.40+0.904%Extended283.41+0.907%Bitget283.42+0.911%Paradex283.47+0.930%KuCoin283.48+0.933%MEXC283.50+0.940%Arcus283.53+0.951%RISEx283.55+0.959%Reya283.57+0.964%SunX283.58+0.968%Phemex283.58+0.968%Popdex283.59+0.972%Binance283.59+0.973%OKX283.60+0.976%gTrade (Gains Network)283.60+0.976%GMX283.60+0.976%Bullet283.61+0.979%BingX283.63+0.986%Aster283.64+0.991%Polymarket Perps283.65+0.993%Bybit283.66+0.997%Orderly283.67+1.000%

01 Exchange283.68+1.004%

BloFin283.69+1.008%Aevo283.71+1.016%Injective283.75+1.029%Deribit283.78+1.039%Kraken Futures283.78+1.041%Coinbase International283.87+1.072%

Lighter283.90+1.082%

Hyperliquid283.96+1.104%Backpack283.97+1.107%

TAO on 42 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−1.070%	+0.0100%	1h	$149K	$2K	10x	as long as short
HTX TAO-USDT	−0.524%	+0.0100%	4h	$115K	$323K	20x	as long as short
Variational Omni TAO	−0.429%	+0.0100%	4h	$2.9M	$5.1M	—	as long as short
edgeX TAOUSDC	−0.357%	+0.0100%	4h	$37K	$271K	10x	as long as short
ApeX Omni TAOUSDT	−0.303%	+0.0196%	1h	$42K	$266K	50x	as long as short
dYdX TAO-USD	−0.246%	0.0000%	1h	$72K	$35K	5x	as long as short
Phoenix TAO	−0.211%	+0.0456%	1h	$301K	$160K	5x	as long as short
Pacifica TAO	−0.206%	+0.0100%	1h	$328K	$373K	10x	as long as short
Nado TAO-PERP	−0.198%	+0.0100%	1h	$993K	$1.2M	10x	as long as short
Katana Perps TAO-USD	−0.193%	+0.0100%	8h	$1K	$310K	5x	as long as short

Show all 42 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TAO_USDT	−0.176%	+0.0100%	4h	$11.1M	$43.4M	50x	as long as short
Extended TAO-USD	−0.173%	+0.0104%	1h	$757K	$1.3M	25x	as long as short
Bitget TAOUSDT	−0.169%	+0.0100%	4h	$32.0M	$35.7M	50x	as long as short
Paradex TAO-USD-PERP	−0.150%	+0.0103%	8h	$13K	$376	10x	as long as short
KuCoin TAOUSDTM	−0.148%	+0.0100%	4h	$16.7M	$19.6M	75x	as long as short
MEXC TAO_USDT	−0.141%	+0.0100%	4h	$100.6M	$102.6M	300x	as long as short
Arcus TAO-USD	−0.130%	+0.0100%	1h	$118K	$573K	5x	as long as short
RISEx TAO/USDC	−0.121%	+0.0633%	1h	$315K	$431K	5x	as long as short
Reya TAORUSDPERP	−0.116%	+0.0693%	1h	$326	—	20x	as long as short
SunX TAO-USDT	−0.112%	+0.0100%	4h	$1K	$1.6M	20x	as long as short
Phemex TAOUSDT	−0.112%	+0.0100%	4h	$3.0M	$7.4M	50x	as long as short
Popdex TAOUSDT	−0.109%	+0.0096%	1h	$40K	$454K	20x	as long as short
Binance TAOUSDT	−0.108%	+0.0100%	4h	$76.4M	$323.0M	75x	as long as short
OKX TAO-USDT-SWAP	−0.105%	+0.0100%	8h	$22.3M	$67.3M	50x	as long as short
gTrade (Gains Network) TAO/USD	−0.105%	L +0.0004% / S −0.0014%	1h	$19K	—	150x	as long as short
GMX TAO/USD [WBTC.b-USDC]	−0.105%	L +0.0477% / S −0.0198%	1h	$432K	—	100x	as long as short
Bullet TAO-USD	−0.102%	+0.0100%	1h	$10K	$17K	20x	as long as short
BingX TAO-USDT	−0.095%	+0.0100%	4h	—	$28.9M	—	as long as short
Aster TAOUSDT	−0.090%	+0.0100%	4h	$1.6M	$4.8M	50x	as long as short
Polymarket Perps TAO-USD	−0.088%	+0.0100%	1h	$80K	$611K	5x	as long as short
Bybit TAOUSDT	−0.084%	+0.0100%	4h	$49.1M	$84.5M	50x	as long as short
Orderly PERP_TAO_USDC	−0.081%	+0.0100%	4h	$55K	$197K	10x	as long as short
01 Exchange TAOUSDshort	−0.077%	+0.0296%	1h	$3K	$4K	5x
BloFin TAO-USDT	−0.074%	+0.0340%	4h	$3.9M	$7.0M	100x	as long as short
Aevo TAO-PERP	−0.065%	+0.0104%	1h	$156K	$998	3x	as long as short
Injective TAO/USDC PERP	−0.052%	+0.3836%	1h	$20K	$59K	12x	as long as short
Deribit TAO_USDC-PERPETUAL	−0.043%	+0.0078%	1h	$33K	$956K	25x	as long as short
Kraken Futures PF_TAOUSD	−0.041%	−0.0382%	1h	$5.1M	$13.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	−0.010%	+0.0896%	1h	$1.4M	$3.8M	50x	as long as short
Lighter TAOlong	0.000%	+0.0096%	1h	$1.3M	$2.1M	5x
Hyperliquid TAO	+0.021%	+0.0436%	1h	$77.9M	$53.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.025%	+0.0535%	1h	$397K	$502K	10x	as long as short