Funding you earn now, next payment 22:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.130%
Price spread now: Hyperliquid against Aevo+0.009%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.009%, 7d avg +0.056%
=Together, before fees+0.286%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.047% cheaper against Aevo than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.056%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.267% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.267% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 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 | Aevo TAO-PERP | 303.35 | 0.0104 | pay 0.0013% / 1h | 55m 28s | $167K | $998 | 3x |
| Short | Hyperliquid TAO | 303.38 | 0.0547 | get 0.0068% / 1h | 55m 28s | $88.6M | $72.0M | 5x |
Aevo TAO-PERP
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aevo. 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
- $93.08
- Price spread: +0.009% → +0.056%
- −$4.71
- Slippage, 4 orders
- −$98.26
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$34.89
- Costs to cover
- 1.233%
- Break-even
- 9.6 days
Slippage from Aevo: live order book, 33 min ago; Hyperliquid: live order book, 8 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 Aevo live order book, 33 min ago | 38.01 bp | 54.0 bp −$54 | 312.1 bp −$3,121 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.78 bp | 8.4 bp −$8 | doesn't fit | 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 | −0.7481% | 1h | 306.26 | +0.958% | $201K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 302.90 | −0.151% | $127K | $92K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 302.77 | −0.194% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.61 | +0.084% | $39K | $519K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0096% | 1h | 303.39 | +0.011% | $16K | $1.3M | 25x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.00 | −0.117% | $1.2M | $7.4M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 303.16 | −0.065% | $354K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.46 | +0.033% | $85.1M | $397.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.57 | +0.071% | $58.0M | $116.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 304.00 | +0.213% | $24.8M | $90.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus TAO-USD | +0.0100% | 1h | 303.59 | +0.078% | $137K | $589K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 302.90 | −0.150% | $11.9M | $47.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 303.03 | −0.107% | $109.1M | $120.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 302.96 | −0.130% | $18.1M | $26.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.07 | −0.094% | $33.9M | $43.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.10 | −0.084% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.76 | +0.465% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.97 | +0.532% | $39K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.71 | +0.447% | $533K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.80 | +0.477% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.76 | +0.134% | $82K | $658K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.30 | −0.018% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.39 | +0.012% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.16 | −0.064% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 302.72 | −0.209% | $120K | $350K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.18 | −0.057% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERPlong | +0.0104% | 1h | 303.35 | long leg | $167K | $998 | 3x | |
| Katana Perps TAO-USD | +0.0114% | 8h | 303.47 | +0.038% | $2K | $414K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.07 | −0.094% | $14K | $992 | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.94 | +0.523% | $4.3M | $9.3M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0360% | 1h | 303.25 | −0.034% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0360% | 1h | 304.03 | +0.224% | $749K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 309.30 | +1.960% | $328K | $322K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0463% / S −0.0175% | 1h | 303.04 | −0.103% | $432K | — | 100x | as long as short |
| Extended TAO-USD | +0.0544% | 1h | 303.26 | −0.030% | $868K | $1.9M | 25x | as long as short |
| Hyperliquid TAOshort | +0.0547% | 1h | 303.38 | +0.009% | $88.6M | $72.0M | 5x | |
| Backpack TAO_USDC_PERP | +0.0581% | 1h | 303.54 | +0.061% | $433K | $671K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 303.51 | +0.052% | $349 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 303.44 | +0.028% | $1.6M | $4.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 304.88 | +0.503% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1039% | 1h | 303.51 | +0.051% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 303.49 | +0.046% | $400K | $531K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +2.821% | $23K | $135 | 12x | as long as short |
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Nado TAO-PERP
Phoenix TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP