Funding you earn now, next payment 06:00 UTC+0.0708%/8h= +77.5% APRnext payment +$0.89 per $10,000 · paid last 24h +0.127%
Price spread now: Lighter against Polymarket Perps+0.666%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs+$34as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days+0.317%+$32 on $10k
+Price spread, last 4 days (all we have)−0.882%−$88 · spread now +0.666%, 7d avg +0.072%
=Together, before fees−0.565%+ Points / potential airdropLighter: Season 3 · farm board−$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.594% dearer against Polymarket Perps than usual: you sell high and buy low: +$59 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 7 days it paid 0.317% in total (about 16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 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 | Polymarket Perps TAO-USD | 322.32 | 0.0100 | pay 0.0013% / 1h | 5m 57s | $79K | $958K | 5x |
| Short | Lighter TAO | 324.47 | 0.0808 | get 0.0101% / 1h | 5m 57s | $1.5M | $6.6M | 5x |
Polymarket Perps TAO-USD
Lighter TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $148.68
- Price spread: +0.666% → +0.072%
- $59.37
- Slippage, 4 orders
- −$17.05
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $183
- Costs to cover
- 0.251%
- Break-even
- from the start
Slippage from Polymarket Perps: live order book, 42 min ago; Lighter: live order book, 7 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 Polymarket Perps live order book, 42 min ago | 2.71 bp | 6.7 bp −$7 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.68 bp | 6.4 bp −$6 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1195% | 1h | 319.01 | −1.026% | $169K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.12 | +0.248% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0029% | 1h | 321.54 | −0.241% | $128K | $85K | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.40 | +0.645% | $27.0M | $128.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 324.00 | +0.521% | $14.2M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.33 | +0.313% | $17.8M | $31.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.17 | +0.574% | $36.6M | $57.6M | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 322.32 | long leg | $79K | $958K | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 322.27 | −0.016% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.55 | +0.382% | $118K | $565K | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 323.94 | +0.503% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 321.98 | −0.105% | $659 | $952K | 5x | as long as short |
| edgeX TAOUSDC | +0.0110% | 4h | 319.26 | −0.950% | $42K | $315K | 10x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 323.55 | +0.382% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 323.57 | +0.388% | $53K | $291K | 10x | as long as short |
| Popdex TAOUSDT | +0.0120% | 1h | 322.18 | −0.043% | $49K | $679K | 20x | as long as short |
| MEXC TAO_USDT | +0.0124% | 4h | 324.41 | +0.648% | $103.9M | $148.9M | 300x | as long as short |
| Binance TAOUSDT | +0.0124% | 4h | 324.44 | +0.657% | $93.8M | $516.3M | 75x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0126% / S +0.0142% | 1h | 322.79 | +0.147% | $432K | — | 100x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 322.02 | −0.093% | $366K | $421K | 10x | as long as short |
| Aster TAOUSDT | +0.0283% | 4h | 324.20 | +0.583% | $1.3M | $10.8M | 50x | as long as short |
| Nado TAO-PERP | +0.0291% | 1h | 322.50 | +0.057% | $816K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0294% | 1h | 323.62 | +0.403% | $6.1M | $21.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0295% | 8h | 322.06 | −0.080% | $15K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0325% | 1h | 322.65 | +0.102% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0364% | 4h | 321.98 | −0.105% | $4.6M | $11.1M | 100x | as long as short |
| BingX TAO-USDT | +0.0394% | 4h | 324.26 | +0.602% | — | $33.9M | — | as long as short |
| GRVT TAO_USDT_Perp | +0.0440% | 4h | 319.60 | −0.845% | $545K | $948K | 10x | as long as short |
| Bybit TAOUSDT | +0.0460% | 4h | 324.61 | +0.710% | $71.2M | $154.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 322.26 | −0.019% | $110K | $364K | 5x | as long as short |
| Variational Omni TAO | +0.0485% | 4h | 319.46 | −0.888% | $5.6M | $10.1M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0487% | 1h | 319.47 | −0.884% | $47K | $257K | 50x | as long as short |
| Extended TAO-USD | +0.0504% | 1h | 324.34 | +0.626% | $920K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 320.60 | −0.534% | $319K | $713K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 322.47 | +0.048% | $371 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0709% | 1h | 323.61 | +0.399% | $14K | $1.8M | 25x | as long as short |
| Lighter TAOshort | +0.0808% | 1h | 324.47 | +0.666% | $1.5M | $6.6M | 5x | |
| 01 Exchange TAOUSD | +0.0808% | 1h | 322.75 | +0.133% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0825% | 1h | 324.59 | +0.704% | $95.6M | $109.4M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0847% | 1h | 324.63 | +0.717% | $322K | $894K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 324.00 | +0.521% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 322.05 | −0.083% | $463K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 323.62 | +0.403% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
edgeX TAOUSDC
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Popdex TAOUSDT
MEXC TAO_USDT
Binance TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Paradex TAO-USD-PERP
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
Bybit TAOUSDT
Arcus TAO-USD
Variational Omni TAO
ApeX Omni TAOUSDT
Extended TAO-USD
Phoenix TAO
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP