Funding you earn now, next payment 23:00 UTC+0.1073%/8h= +117.5% APRpaid last 24h +0.125%
Price spread now: Hyperliquid against Aster+0.183%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 5 days (all we have)+0.148%+$15 on $10k
+Price spread, last 7 days−0.340%−$34 · spread now +0.183%, 7d avg −0.031%
=Together, before fees−0.192%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Hyperliquid is 0.214% dearer against Aster than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.031%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.148% in total (about 10.2% 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 | Aster TAOUSDT | 311.61 | 0.0165 | pay 0.0083% / 4h | 1h 00m | $1.1M | $7.8M | 50x |
| Short | Hyperliquid TAO | 312.18 | 0.1238 | get 0.0155% / 1h | 0m 59s | $95.8M | $81.4M | 5x |
Aster TAOUSDT
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aster. 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
- $225.28
- Price spread: +0.183% → −0.031%
- $21.39
- Slippage, 4 orders
- −$19.62
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $210.05
- Costs to cover
- 0.366%
- Break-even
- 0.5 days
Slippage from Aster: live order book, 3 min ago; Hyperliquid: live order book, 13 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 Aster live order book, 3 min ago | 2.75 bp | 12.8 bp −$13 | 29.0 bp −$290 | 226.2 bp −$22.6K | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.16 bp | 6.3 bp −$6 | 7.7 bp −$77 | 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 | −0.0396% | 1h | 305.88 | −1.840% | $163K | $52K | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.03 | −0.187% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 310.46 | −0.370% | $124K | $88K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.78 | −0.266% | $45K | $540K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.72 | +0.035% | $87.8M | $416.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.78 | +0.055% | $61.0M | $122.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.10 | +0.157% | $25.1M | $98.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 310.94 | −0.215% | $81K | $643K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.40 | −0.067% | $12.4M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.56 | −0.016% | $118.6M | $127.1M | 300x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit 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 | 311.70 | +0.029% | $18.9M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.83 | +0.071% | $34.9M | $45.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.49 | −0.039% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.27 | −0.752% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.02 | −0.832% | $511K | $950K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.27 | −0.751% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.36 | −0.080% | $76K | $550K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.43 | −0.058% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 311.11 | −0.160% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.11 | −0.160% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.74 | +0.042% | $124K | $374K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 311.25 | −0.116% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.46 | −0.049% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 310.83 | −0.250% | $2K | $523K | 5x | as long as short |
| Variational Omni TAO | +0.0118% | 4h | 307.52 | −1.311% | $3.7M | $6.7M | — | as long as short |
| Pacifica TAO | +0.0164% | 1h | 310.80 | −0.260% | $367K | $369K | 10x | as long as short |
| Aster TAOUSDTlong | +0.0165% | 4h | 311.61 | long leg | $1.1M | $7.8M | 50x | |
| Paradex TAO-USD-PERP | +0.0173% | 8h | 310.73 | −0.283% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0316% | 1h | 311.38 | −0.075% | $852K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.45 | −0.051% | $4.3M | $9.6M | 100x | as long as short |
| Lighter TAO | +0.0360% | 1h | 311.65 | +0.013% | $1.6M | $5.6M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0399% | 1h | 311.12 | −0.158% | $21K | $1.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0448% | 1h | 311.32 | −0.093% | $3K | $4K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0474% / S −0.0175% | 1h | 310.98 | −0.202% | $446K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0489% | 1h | 311.67 | +0.019% | $299K | $800K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 309.20 | −0.773% | $331K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.46 | −0.047% | $358 | — | 20x | as long as short |
| Extended TAO-USD | +0.0720% | 1h | 312.13 | +0.166% | $846K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 311.51 | −0.032% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1014% | 1h | 311.64 | +0.011% | $5.9M | $19.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 310.83 | −0.249% | $424K | $534K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1238% | 1h | 312.18 | +0.183% | $95.8M | $81.4M | 5x | |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | −0.924% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Aevo TAO-PERP
Katana Perps TAO-USD
Variational Omni TAO
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP