TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.039%

Price spread now: Lighter against 01 Exchange−0.069%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.069% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	322.98	0.0672	pay 0.0084% / 1h	19m 58s	$3K	$4K	5x
Short	Lighter TAO	322.76	0.0768	get 0.0096% / 1h	19m 58s	$1.6M	$6.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now −0.069%Rate

Funding earned: $20.16
Price spread: −0.069% → 0.000%: −$6.9
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.26
Costs to cover: 0.070%
Break-even: 4.8 days

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 8 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	2.89 bp	5.5 bp −$6	20.3 bp −$203	doesn't fit	doesn't fit

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 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	−0.2264%	1h	322.24	−0.228%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.48	−0.155%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	−0.141%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.80	−0.056%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.30	−0.211%	$26.9M	$130.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.00	−0.303%	$14.5M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.12	−0.266%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.82	−0.359%	$36.2M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.85	−0.040%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.64	−0.105%	$86K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	322.30	−0.211%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.25	−0.226%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.66	−0.099%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0116% / S +0.0151%	1h	322.29	−0.214%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	322.58	−0.124%	$54K	$293K	10x	as long as short
Aevo TAO-PERP	+0.0136%	1h	322.67	−0.096%	$177K	$998	3x	as long as short
edgeX TAOUSDC	+0.0198%	4h	322.77	−0.065%	$43K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0206%	4h	322.17	−0.251%	$107.7M	$151.0M	300x	as long as short
Binance TAOUSDT	+0.0208%	4h	322.23	−0.231%	$93.6M	$528.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0284%	8h	322.57	−0.128%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0290%	4h	322.65	−0.102%	$3.3M	$8.1M	50x	as long as short
Bybit TAOUSDT	+0.0331%	4h	322.31	−0.207%	$70.8M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0346%	4h	322.18	−0.248%	—	$34.6M	—	as long as short
Aster TAOUSDT	+0.0373%	4h	322.30	−0.211%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0381%	1h	322.61	−0.115%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0436%	4h	322.51	−0.147%	$547K	$937K	10x	as long as short
BloFin TAO-USDT	+0.0448%	4h	323.00	+0.006%	$4.7M	$11.2M	100x	as long as short
Extended TAO-USD	+0.0456%	1h	322.05	−0.289%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0513%	1h	322.53	−0.140%	$801K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.52	−0.142%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	−0.035%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.520%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0597%	1h	322.52	−0.141%	$26K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	323.02	+0.012%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0662%	1h	322.54	−0.136%	$95.4M	$110.0M	5x	as long as short
01 Exchange TAOUSDlong	+0.0672%	1h	322.98	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0698%	1h	322.56	−0.131%	$371	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0739%	1h	322.38	−0.186%	$300K	$905K	10x	as long as short
Lighter TAOshort	+0.0768%	1h	322.76	−0.069%	$1.6M	$6.8M	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	323.40	+0.130%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.52	−0.142%	$461K	$667K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.73	−0.078%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.142%	$24K	$2K	12x	as long as short