Funding you earn now, next payment 22:00 UTC+0.0673%/8h= +73.7% APRpaid last 24h +0.150%
Price spread now: Hyperliquid against edgeX−0.079%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 3 days (all we have)−0.638%−$64 · spread now −0.079%, 7d avg +0.071%
=Together, before fees−0.277%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.151% cheaper against edgeX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.071%). If the spread goes back, that is −$15 on $10k: about 18 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.361% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.361% in total (about 18.8% 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 | edgeX TAOUSDC | 303.81 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $39K | $275K | 10x |
| Short | Hyperliquid TAO | 303.57 | 0.0773 | get 0.0097% / 1h | 53m 30s | $90.9M | $73.7M | 5x |
edgeX TAOUSDC
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $141.26
- Price spread: −0.079% → +0.071%
- −$15.09
- Slippage, 4 orders
- −$20.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $88.12
- Costs to cover
- 0.380%
- Break-even
- 2.6 days
Slippage from edgeX: live order book, 34 min ago; Hyperliquid: live order book, 10 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 edgeX live order book, 34 min ago | 6.41 bp | 10.9 bp −$11 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.78 bp | 8.4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.7481% | 1h | 306.26 | +0.806% | $201K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.09 | −0.237% | $127K | $89K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 302.98 | −0.275% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.49 | −0.106% | $38K | $519K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0099% | 1h | 302.93 | −0.291% | $16K | $1.3M | 25x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.04 | −0.254% | $1.2M | $7.4M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 303.27 | −0.178% | $354K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.38 | −0.142% | $84.7M | $399.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.52 | −0.096% | $57.9M | $117.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.50 | −0.102% | $24.8M | $91.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus TAO-USD | +0.0100% | 1h | 303.92 | +0.036% | $135K | $590K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.00 | −0.267% | $11.9M | $47.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 303.31 | −0.165% | $110.5M | $121.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.13 | −0.224% | $18.1M | $26.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.53 | −0.093% | $34.0M | $43.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.61 | −0.066% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.76 | +0.313% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 303.81 | long leg | $39K | $275K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.31 | −0.165% | $531K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.80 | +0.325% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 302.22 | −0.524% | $82K | $658K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.11 | −0.230% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 302.97 | −0.277% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 302.88 | −0.306% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.05 | −0.251% | $120K | $351K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.01 | −0.264% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.02 | −0.259% | $166K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 303.41 | −0.132% | $1K | $414K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.26 | −0.181% | $14K | $992 | 10x | as long as short |
| Nado TAO-PERP | +0.0206% | 1h | 303.77 | −0.013% | $727K | $1.8M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.00 | +0.062% | $4.3M | $9.3M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0360% | 1h | 303.25 | −0.185% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 304.50 | +0.227% | $322K | $462K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0462% / S −0.0175% | 1h | 302.90 | −0.299% | $430K | — | 100x | as long as short |
| Extended TAO-USD | +0.0560% | 1h | 303.72 | −0.029% | $867K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0584% | 1h | 303.52 | −0.095% | $1.6M | $4.7M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0648% | 1h | 303.14 | −0.221% | $432K | $671K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 302.23 | −0.519% | $348 | — | 20x | as long as short |
| Hyperliquid TAOshort | +0.0773% | 1h | 303.57 | −0.079% | $90.9M | $73.7M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 304.17 | +0.118% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1039% | 1h | 303.44 | −0.123% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 303.83 | +0.008% | $400K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +2.666% | $23K | $135 | 12x | as long as short |
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
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
Paradex TAO-USD-PERP
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Phoenix TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Lighter TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP