Funding you earn now, next payment 05:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.544%
Price spread now: Hyperliquid against Bulk−0.043%50s7-day average +0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.288% of the position
Funding, last 4 days (all we have)+0.737%+$74 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.043%, 7d avg +0.182%
=Together, before fees+1.019%+ Points / potential airdropHyperliquid: Season 2 · farm board+$102 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.225% cheaper against Bulk than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.182%). If the spread goes back, that is −$23 on $10k: about 5.2 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.737% in total) that is about 26 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk TAO-USD | 312.41 | 0.0264 | pay 0.0033% / 1h | 32m 41s | $166K | $333 | 10x |
| Short | Hyperliquid TAO | 312.28 | 0.0407 | get 0.0051% / 1h | 32m 41s | $91.8M | $107.6M | 5x |
Bulk TAO-USD
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bulk. 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
- $30.05
- Price spread: −0.043% → +0.182%
- −$22.5
- Slippage, 4 orders
- −$12.77
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.22
- Costs to cover
- 0.288%
- Break-even
- 11.9 days
Slippage from Bulk: live order book, 21 min ago; Hyperliquid: live order book, 11 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 Bulk live order book, 21 min ago | 2.39 bp | 6.1 bp −$6 | 14.0 bp −$140 | 32.8 bp −$3,278 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.80 bp | 8.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 311.92 | −0.156% | $5.5M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.71 | −0.222% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 311.66 | −0.239% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.19 | −0.070% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 311.96 | −0.144% | $639 | $830K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.06 | −0.114% | $355K | $414K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.98 | −0.138% | $89.4M | $500.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.05 | −0.115% | $67.1M | $150.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.90 | −0.163% | $25.9M | $120.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.80 | −0.195% | $13.2M | $50.0M | 50x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 311.97 | −0.141% | $102.3M | $144.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.86 | −0.176% | $17.8M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.80 | −0.195% | $34.9M | $56.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.00 | −0.131% | — | $33.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.46 | +0.016% | $41K | $313K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 312.01 | −0.128% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.96 | −0.144% | $78K | $897K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.97 | −0.141% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.96 | −0.144% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.78 | −0.202% | $109K | $539K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.09 | −0.101% | $171K | $998 | 3x | as long as short |
| Phemex TAOUSDT | +0.0110% | 4h | 312.03 | −0.122% | $3.2M | $8.0M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0112% | 4h | 312.14 | −0.087% | $530K | $956K | 10x | as long as short |
| Aster TAOUSDT | +0.0115% | 4h | 311.87 | −0.173% | $1.3M | $10.4M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0117% | 4h | 311.72 | −0.221% | $51K | $291K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0139% / S +0.0133% | 1h | 311.67 | −0.237% | $414K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0164% | 8h | 312.12 | −0.093% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.42 | +0.003% | $101K | $397K | 5x | as long as short |
| Extended TAO-USD | +0.0256% | 1h | 311.90 | −0.163% | $909K | $2.4M | 25x | as long as short |
| Bulk TAO-USDlong | +0.0264% | 1h | 312.41 | long leg | $166K | $333 | 10x | |
| Variational Omni TAO | +0.0312% | 4h | 312.33 | −0.025% | $5.6M | $10.0M | — | as long as short |
| Nado TAO-PERP | +0.0323% | 1h | 312.26 | −0.047% | $791K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.01 | −0.128% | $4.5M | $10.8M | 100x | as long as short |
| Hyperliquid TAOshort | +0.0407% | 1h | 312.28 | −0.043% | $91.8M | $107.6M | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0451% | 1h | 311.96 | −0.145% | $17K | $1.8M | 25x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.30 | −0.035% | $311K | $711K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0480% | 1h | 312.28 | −0.042% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0481% | 1h | 311.99 | −0.134% | $310K | $886K | 10x | as long as short |
| Lighter TAO | +0.0544% | 1h | 312.26 | −0.047% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.06 | −0.113% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 312.23 | −0.058% | $444K | $658K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.52 | +0.035% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 314.53 | +0.679% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Phemex TAOUSDT
GRVT TAO_USDT_Perp
Aster TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
Extended TAO-USD
Variational Omni TAO
Nado TAO-PERP
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP