Funding you earn now, next payment 22:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h −0.040%
Price spread now: Hyperliquid against Coinbase International−0.085%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now −0.085%, 7d avg −0.099%
=Together, before fees−0.290%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.187%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.187% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 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 | Coinbase International TAO-PERP-INTX | 305.39 | 0.1008 | pay 0.0126% / 1h | 51m 00s | $1.5M | $5.6M | 50x |
| Short | Hyperliquid TAO | 305.13 | 0.1544 | get 0.0193% / 1h | 51m 00s | $94.3M | $78.2M | 5x |
Coinbase International TAO-PERP-INTX
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $112.58
- Price spread: −0.085% → −0.099%
- $1.35
- Slippage, 4 orders
- −$27.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $67.01
- Costs to cover
- 0.469%
- Break-even
- 2.8 days
Slippage from Coinbase International: 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 Coinbase International live order book, 3 min ago | 10.09 bp | 15.1 bp −$15 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 1.45 bp | 6.3 bp −$6 | 6.3 bp −$63 | 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 | −0.0466% | 1h | 307.38 | +0.652% | $202K | $17K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 304.71 | −0.222% | $125K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 304.65 | −0.243% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 304.89 | −0.164% | $42K | $532K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 304.80 | −0.193% | $85.6M | $409.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 304.75 | −0.210% | $59.2M | $120.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 304.70 | −0.226% | $24.6M | $94.4M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 305.19 | −0.065% | $136K | $584K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 304.60 | −0.259% | $12.1M | $48.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 304.80 | −0.193% | $119.9M | $123.5M | 300x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) 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 | 304.65 | −0.242% | $18.3M | $26.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 304.61 | −0.255% | $34.1M | $45.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 304.80 | −0.193% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.27 | +0.943% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.44 | +0.342% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 306.54 | +0.378% | $545K | $937K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 306.50 | +0.363% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 305.02 | −0.121% | $78K | $608K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 304.75 | −0.210% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 304.61 | −0.255% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 304.66 | −0.239% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.72 | −0.219% | $120K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.68 | −0.232% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 304.74 | −0.213% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 304.95 | −0.144% | $2K | $485K | 5x | as long as short |
| Aster TAOUSDT | +0.0137% | 4h | 304.78 | −0.201% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0158% | 8h | 304.87 | −0.171% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 305.07 | −0.105% | $361K | $369K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 304.60 | −0.259% | $435K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0301% | 1h | 304.71 | −0.221% | $24K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.89 | −0.164% | $4.3M | $9.4M | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0380% | 1h | 304.91 | −0.157% | $377K | $756K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0448% | 1h | 305.01 | −0.124% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 307.40 | +0.658% | $326K | $491K | 5x | as long as short |
| Nado TAO-PERP | +0.0544% | 1h | 304.80 | −0.194% | $836K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0656% | 1h | 305.06 | −0.107% | $1.7M | $5.1M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 304.86 | −0.175% | $351 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 304.62 | −0.253% | $889K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.1008% | 1h | 305.39 | long leg | $1.5M | $5.6M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1037% | 1h | 304.70 | −0.226% | $5.9M | $19.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 305.14 | −0.081% | $411K | $545K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1544% | 1h | 305.13 | −0.085% | $94.3M | $78.2M | 5x | |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.094% | $22K | $264 | 12x | as long as short |
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
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Phoenix TAO
Nado TAO-PERP
Lighter TAO
Reya TAORUSDPERP
Extended TAO-USD
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP