Funding you earn now, next payment 22:00 UTC+0.1343%/8h= +147.1% APRnext payment +$1.68 per $10,000 · paid last 24h +0.150%
Price spread now: Hyperliquid against ApeX Omni+0.564%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs+$13as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 3 days (all we have)−1.096%−$110 · spread now +0.564%, 7d avg +0.027%
=Together, before fees−0.818%+ Points / potential airdropHyperliquid: Season 2 · farm board−$82 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Hyperliquid is 0.537% dearer against ApeX Omni than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of +0.027%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.68 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 | ApeX Omni TAOUSDT | 305.15 | 0.0100 | pay 0.0013% / 1h | 45m 22s | $46K | $267K | 50x |
| Short | Hyperliquid TAO | 306.87 | 0.1443 | get 0.0180% / 1h | 45m 22s | $92.2M | $74.6M | 5x |
ApeX Omni TAOUSDT
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $282.1
- Price spread: +0.564% → +0.027%
- $53.69
- Slippage, 4 orders
- −$22.12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $294.66
- Costs to cover
- 0.411%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 41 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 ApeX Omni live order book, 41 min ago | 4.65 bp | 14.4 bp −$14 | 125.6 bp −$1,256 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.66 bp | 7.2 bp −$7 | 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 | −0.0973% | 1h | 304.87 | −0.092% | $200K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 305.05 | −0.032% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 305.27 | +0.041% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.17 | +0.334% | $39K | $524K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 305.28 | +0.043% | $361K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 305.48 | +0.107% | $85.6M | $400.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 305.31 | +0.052% | $58.6M | $117.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.20 | +0.016% | $24.9M | $91.4M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.38 | +0.403% | $136K | $591K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.50 | +0.115% | $12.1M | $47.5M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 305.67 | +0.170% | $112.2M | $121.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 305.71 | +0.184% | $18.2M | $26.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 304.94 | −0.069% | $34.2M | $44.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.35 | +0.066% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.69 | −0.152% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.70 | −0.148% | $39K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.56 | −0.192% | $544K | $977K | 10x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 305.15 | long leg | $46K | $267K | 50x | |
| Bullet TAO-USD | +0.0100% | 1h | 305.78 | +0.205% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.23 | +0.026% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.30 | +0.049% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.81 | −0.111% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.77 | −0.125% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.18 | +0.009% | $168K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0107% | 4h | 305.61 | +0.151% | $1.1M | $7.4M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0108% | 1h | 305.20 | +0.017% | $13K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 306.24 | +0.357% | $1K | $416K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0120% | 1h | 306.40 | +0.410% | $84K | $666K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 305.26 | +0.035% | $14K | $992 | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.60 | +0.147% | $437K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0175% | 1h | 306.01 | +0.283% | $747K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 304.80 | −0.115% | $323K | $462K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.62 | −0.174% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0440% | 1h | 306.53 | +0.452% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0632% | 1h | 305.15 | 0.000% | $872K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0664% | 1h | 305.46 | +0.101% | $1.6M | $4.8M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 305.71 | +0.185% | $352 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 305.88 | +0.239% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1034% | 1h | 304.84 | −0.100% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 306.43 | +0.419% | $406K | $532K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1102% | 1h | 305.30 | +0.049% | $467K | $683K | 10x | as long as short |
| Hyperliquid TAOshort | +0.1443% | 1h | 306.87 | +0.564% | $92.2M | $74.6M | 5x | |
| Injective TAO/USDC PERP | +0.4876% | 1h | 307.78 | +0.862% | $22K | $136 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
BloFin TAO-USDT
01 Exchange TAOUSD
Extended TAO-USD
Lighter TAO
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP