Funding you earn now, next payment 22:00 UTC+0.1491%/8h= +163.3% APRnext payment +$1.86 per $10,000 · paid last 24h +0.120%
Price spread now: Hyperliquid against dYdX+0.715%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)−0.562%−$56 · spread now +0.715%, 7d avg +0.118%
=Together, before fees−0.359%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Hyperliquid is 0.597% dearer against dYdX than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of +0.118%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.86 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 | dYdX TAO-USD | 304.63 | 0 | get 0.0000% / 1h | 44m 27s | $128K | $88K | 5x |
| Short | Hyperliquid TAO | 306.81 | 0.1491 | get 0.0186% / 1h | 44m 27s | $92.9M | $75.1M | 5x |
dYdX TAO-USD
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $313.11
- Price spread: +0.715% → +0.118%
- $59.74
- Slippage, 4 orders
- −$95.09
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $258.76
- Costs to cover
- 1.141%
- Break-even
- 1.2 days
Slippage from dYdX: live order book, 44 min ago; Hyperliquid: live order book, 9 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 dYdX live order book, 44 min ago | 45.10 bp | 50.1 bp −$50 | 76.6 bp −$766 | 166.4 bp −$16.6K | 377.2 bp −$188.6K |
| Sell Hyperliquid live order book, 9 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 | +0.079% | $200K | $57K | 10x | as long as short |
| dYdX TAO-USDlong | 0.0000% | 1h | 304.63 | long leg | $128K | $88K | 5x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 305.92 | +0.422% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.66 | +0.338% | $39K | $524K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 304.97 | +0.111% | $361K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.22 | +0.521% | $85.8M | $400.7M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.46 | +0.600% | $58.8M | $117.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.10 | +0.482% | $24.8M | $91.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 305.99 | +0.446% | $137K | $592K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 304.70 | +0.023% | $12.0M | $47.5M | 50x | as long as short |
Bulk 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 | 306.19 | +0.512% | $112.3M | $121.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.10 | +0.482% | $18.3M | $26.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.95 | +0.433% | $34.3M | $44.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.21 | +0.518% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.69 | +0.018% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.70 | +0.022% | $39K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.56 | −0.022% | $544K | $977K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.15 | +0.170% | $46K | $267K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.20 | +0.515% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.23 | +0.197% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.30 | +0.220% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 305.11 | +0.157% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.71 | +0.026% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.18 | +0.180% | $168K | $998 | 3x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0108% | 1h | 305.20 | +0.188% | $13K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 305.63 | +0.328% | $873 | $416K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0114% | 1h | 306.18 | +0.509% | $84K | $668K | 5x | as long as short |
| Aster TAOUSDT | +0.0115% | 4h | 305.25 | +0.205% | $1.1M | $7.4M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 304.98 | +0.113% | $14K | $992 | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.97 | +0.438% | $436K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0178% | 1h | 306.06 | +0.470% | $748K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 304.80 | +0.056% | $323K | $462K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.81 | +0.059% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0448% | 1h | 305.94 | +0.430% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0632% | 1h | 305.15 | +0.169% | $873K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 306.16 | +0.503% | $352 | — | 20x | as long as short |
| Lighter TAO | +0.0728% | 1h | 305.13 | +0.164% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 305.88 | +0.410% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1034% | 1h | 304.84 | +0.070% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.91 | +0.421% | $406K | $532K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1130% | 1h | 305.19 | +0.184% | $467K | $683K | 10x | as long as short |
| Hyperliquid TAOshort | +0.1491% | 1h | 306.81 | +0.715% | $92.9M | $75.1M | 5x | |
| Injective TAO/USDC PERP | +0.4876% | 1h | 307.78 | +1.034% | $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
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
BloFin TAO-USDT
01 Exchange TAOUSD
Extended TAO-USD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP