Funding you earn now, next payment 02:00 UTC+0.0766%/8h= +83.9% APRnext payment +$0.96 per $10,000 · paid last 24h +0.040%
Price spread now: Lighter against Nado+0.279%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 3 days (all we have)+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−1.465%−$146 · spread now +0.279%, 7d avg +0.072%
=Together, before fees−1.365%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$137 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.207% dearer against Nado than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.072%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.099% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 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 | Nado TAO-PERP | 308.32 | 0.0586 | pay 0.0073% / 1h | 39m 05s | $750K | $2.1M | 10x |
| Short | Lighter TAO | 309.18 | 0.1352 | get 0.0169% / 1h | 39m 05s | $1.6M | $6.0M | 5x |
Nado TAO-PERP
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $160.9
- Price spread: +0.279% → +0.072%
- $20.74
- Slippage, 4 orders
- −$29.97
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $144.67
- Costs to cover
- 0.370%
- Break-even
- 0.7 days
Slippage from Nado: live order book, 5 min ago; Lighter: live order book, 4 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 Nado live order book, 5 min ago | 0.97 bp | 7.8 bp −$8 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.83 bp | 5.9 bp −$6 | 25.3 bp −$253 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 307.69 | −0.204% | $123K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 308.02 | −0.097% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.68 | −0.208% | $36K | $616K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.88 | +0.181% | $88.7M | $460.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.80 | +0.155% | $25.3M | $108.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.50 | +0.058% | $12.6M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 308.88 | +0.181% | $103.9M | $137.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.81 | +0.158% | $17.9M | $30.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.58 | +0.084% | $34.4M | $53.1M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.15 | +0.267% | $34K | $298K | 10x | as long as short |
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 TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.37 | +0.014% | $508K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.11 | +0.255% | $46K | $268K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.35 | +0.009% | $56K | $283K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.62 | +0.096% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.88 | −0.144% | $126K | $471K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.20 | −0.041% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0115% | 8h | 307.58 | −0.241% | $689 | $680K | 5x | as long as short |
| Aster TAOUSDT | +0.0165% | 4h | 308.07 | −0.083% | $1.2M | $9.2M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0170% / S +0.0102% | 1h | 307.98 | −0.112% | $414K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0171% | 1h | 308.64 | +0.104% | $5.5M | $20.4M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0203% | 1h | 308.22 | −0.033% | $77K | $644K | 5x | as long as short |
| Bullet TAO-USD | +0.0218% | 1h | 308.25 | −0.022% | $12K | $17K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0274% | 8h | 308.01 | −0.102% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 308.07 | −0.082% | $364K | $381K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 308.10 | −0.072% | $81K | $547K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.16 | +0.920% | $4.4M | $10.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0461% | 1h | 308.69 | +0.120% | $15K | $1.5M | 25x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 315.63 | +2.370% | $23K | $2K | 12x | as long as short |
| Phemex TAOUSDT | +0.0475% | 4h | 308.54 | +0.071% | $3.3M | $8.0M | 50x | as long as short |
| Nado TAO-PERPlong | +0.0586% | 1h | 308.32 | long leg | $750K | $2.1M | 10x | |
| Phoenix TAO | +0.0588% | 1h | 308.80 | +0.155% | $323K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 307.91 | −0.134% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 308.33 | +0.002% | $355 | — | 20x | as long as short |
| Variational Omni TAO | +0.0734% | 4h | 308.15 | −0.057% | $5.3M | $8.9M | — | as long as short |
| BingX TAO-USDT | +0.0736% | 4h | 308.85 | +0.171% | — | $31.0M | — | as long as short |
| Bybit TAOUSDT | +0.0741% | 4h | 308.99 | +0.216% | $63.1M | $135.7M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0843% | 1h | 309.01 | +0.223% | $312K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0944% | 1h | 308.38 | +0.019% | $885K | $2.4M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 308.25 | −0.024% | $1.4M | $6.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 307.88 | −0.142% | $410K | $606K | 5x | as long as short |
| Hyperliquid TAO | +0.1236% | 1h | 309.10 | +0.251% | $97.4M | $93.3M | 5x | as long as short |
| Lighter TAOshort | +0.1352% | 1h | 309.18 | +0.279% | $1.6M | $6.0M | 5x | |
| Bulk TAO-USD | +0.3743% | 1h | 312.40 | +1.322% | $166K | $40K | 10x | as long as short |
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Polymarket Perps TAO-USD
Bullet TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Injective TAO/USDC PERP
Phemex TAOUSDT
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Variational Omni TAO
BingX TAO-USDT
Bybit TAOUSDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Bulk TAO-USD