Funding you earn now, next payment 22:00 UTC+0.1664%/8h= +182.3% APRpaid last 24h +0.150%
Price spread now: Hyperliquid against Gate+0.239%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days+0.330%+$33 on $10k
+Price spread, last 7 days−0.197%−$20 · spread now +0.239%, 7d avg +0.079%
=Together, before fees+0.133%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Hyperliquid is 0.160% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.330% in total (about 17.2% 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 | Gate TAO_USDT | 309.70 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $12.3M | $48.4M | 50x |
| Short | Hyperliquid TAO | 310.44 | 0.1764 | get 0.0221% / 1h | 16m 43s | $96.7M | $77.1M | 5x |
Gate TAO_USDT
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $349.54
- Price spread: +0.239% → +0.079%
- $16.03
- Slippage, 4 orders
- −$19.18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $322.39
- Costs to cover
- 0.432%
- Break-even
- 0.5 days
Slippage from Gate: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Gate live order book, 2 min ago | 3.23 bp | 19.6 bp −$20 | 39.5 bp −$395 | 56.5 bp −$5,653 | 92.6 bp −$46.3K |
| Sell Hyperliquid live order book, 7 min ago | 0.16 bp | 4.7 bp −$5 | 4.7 bp −$47 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 309.10 | −0.194% | $130K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 309.86 | +0.052% | $27K | — | 150x | as long as short |
| Bulk TAO-USD | +0.0052% | 1h | 305.44 | −1.376% | $200K | $57K | 10x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 309.59 | −0.036% | $41K | $529K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 309.27 | −0.139% | $365K | $367K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 309.28 | −0.136% | $86.5M | $404.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 309.13 | −0.184% | $60.0M | $119.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 309.10 | −0.194% | $25.5M | $93.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 309.38 | −0.103% | $138K | $603K | 5x | as long as short |
| Gate TAO_USDTlong | +0.0100% | 4h | 309.70 | long leg | $12.3M | $48.4M | 50x |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Bulk TAO-USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 309.08 | −0.200% | $117.4M | $125.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 309.72 | +0.006% | $18.8M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.59 | −0.358% | $34.6M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.78 | −0.297% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.38 | −0.427% | $3.7M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.91 | −0.577% | $40K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.30 | −0.776% | $539K | $954K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 308.35 | −0.436% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 309.67 | −0.010% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 309.86 | +0.052% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 309.79 | +0.029% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 309.37 | −0.107% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 309.88 | +0.058% | $122K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 309.86 | +0.052% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 309.97 | +0.087% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 309.51 | −0.061% | $885 | $444K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0144% | 1h | 310.02 | +0.103% | $16K | $1.3M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0162% | 8h | 309.03 | −0.216% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0167% | 4h | 309.69 | −0.002% | $1.1M | $7.5M | 50x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 307.60 | −0.678% | $326K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0289% | 1h | 309.46 | −0.078% | $856K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 310.00 | +0.097% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0486% / S −0.0184% | 1h | 309.78 | +0.026% | $454K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0512% | 1h | 310.10 | +0.129% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 309.52 | −0.058% | $356 | — | 20x | as long as short |
| Extended TAO-USD | +0.0712% | 1h | 308.73 | −0.315% | $911K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0880% | 1h | 309.94 | +0.077% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.88 | +0.381% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1017% | 1h | 310.09 | +0.127% | $6.4M | $19.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1019% | 1h | 310.17 | +0.152% | $448K | $716K | 10x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 309.11 | −0.189% | $413K | $540K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1764% | 1h | 310.44 | +0.239% | $96.7M | $77.1M | 5x | |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | −0.313% | $22K | $271 | 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
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
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
Aster TAOUSDT
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Injective TAO/USDC PERP