Funding you earn now, next payment 21:00 UTC+0.1916%/8h= +209.8% APRpaid last 24h +0.038%
Price spread now: Lighter against Orderly+0.594%7-day average +0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 3 days (all we have)−0.527%−$53 · spread now +0.594%, 7d avg +0.070%
=Together, before fees−0.292%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Lighter is 0.524% dearer against Orderly than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.234% in total (about 12.2% 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 | Orderly PERP_TAO_USDC | 313.28 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $60K | $277K | 10x |
| Short | Lighter TAO | 315.14 | 0.2016 | get 0.0252% / 1h | 31m 53s | $2.0M | $3.5M | 5x |
Orderly PERP_TAO_USDC
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $402.36
- Price spread: +0.594% → +0.070%
- $52.4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $448.76
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 1.81 bp | 6.2 bp −$6 | 19.0 bp −$190 | doesn't fit | doesn't fit |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −1.0220% | 1h | 313.13 | −0.047% | $209K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.15 | −0.041% | $131K | $95K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 313.02 | −0.082% | $27K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.31 | +0.010% | $36K | $507K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.56 | +0.089% | $365K | $396K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.84 | +0.179% | $88.9M | $381.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.80 | +0.166% | $25.8M | $89.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 313.84 | +0.179% | $141K | $585K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.70 | +0.134% | $12.4M | $47.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.78 | +0.160% | $106.3M | $115.2M | 300x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 314.17 | +0.284% | $20.3M | $24.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.93 | +0.207% | $35.3M | $42.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.84 | +0.179% | — | $29.9M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 313.60 | +0.102% | $3.5M | $6.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.30 | −0.313% | $40K | $274K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.48 | +0.063% | $551K | $933K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.28 | −0.319% | $48K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 313.15 | −0.041% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 313.28 | long leg | $60K | $277K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 313.55 | +0.086% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.26 | +0.313% | $125K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.12 | +0.268% | $3.3M | $7.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.34 | +0.019% | $90K | $636K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.74 | +0.148% | $172K | $998 | 3x | as long as short |
| Bybit TAOUSDT | +0.0106% | 4h | 314.07 | +0.252% | $60.3M | $112.0M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0119% | 1h | 313.38 | +0.030% | $17K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 313.44 | +0.051% | $896 | $378K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0196% | 8h | 313.29 | +0.002% | $15K | $992 | 10x | as long as short |
| Aster TAOUSDT | +0.0215% | 4h | 314.29 | +0.324% | $1.7M | $7.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.14 | +0.275% | $4.3M | $9.4M | 100x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 313.20 | −0.026% | $332K | $326K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0392% | 1h | 314.14 | +0.273% | $6.3M | $17.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0490% / S −0.0188% | 1h | 312.93 | −0.113% | $463K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0576% | 1h | 314.81 | +0.488% | $403K | $555K | 10x | as long as short |
| Extended TAO-USD | +0.0584% | 1h | 314.01 | +0.233% | $937K | $1.8M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 313.84 | +0.179% | $3K | $4K | 5x | as long as short |
| RISEx TAO/USDC | +0.0688% | 1h | 313.54 | +0.083% | $411K | $526K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 313.15 | −0.042% | $360 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0699% | 1h | 313.23 | −0.016% | $1.1M | $1.5M | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0936% | 1h | 313.71 | +0.137% | $1.5M | $5.4M | 50x | as long as short |
| Lighter TAOshort | +0.2016% | 1h | 315.14 | +0.594% | $2.0M | $3.5M | 5x | |
| Hyperliquid TAO | +0.2508% | 1h | 315.57 | +0.731% | $96.0M | $66.8M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3384% | 1h | 316.14 | +0.913% | $23K | $137 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Polymarket Perps TAO-USD
Aevo TAO-PERP
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Phoenix TAO
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Extended TAO-USD
01 Exchange TAOUSD
RISEx TAO/USDC
Reya TAORUSDPERP
Nado TAO-PERP
Coinbase International TAO-PERP-INTX
Hyperliquid TAO
Injective TAO/USDC PERP