Funding you earn now, next payment 00:00 UTC+0.1415%/8h= +155.0% APRnext payment +$1.77 per $10,000 · paid last 24h +0.082%
Price spread now: Hyperliquid against GMX+0.294%7-day average +0.086% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.058%−$6 on $10k
+Price spread, last 3 days (all we have)−0.362%−$36 · spread now +0.294%, 7d avg +0.086%
=Together, before fees−0.421%+ Points / potential airdropHyperliquid: Season 2 · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Hyperliquid is 0.209% dearer against GMX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.086%. Mind the row above: over the last 3 days funding on this pair cost −0.058%, 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 3 days it paid -0.058% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.77 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 | GMX TAO/USD [WBTC.b-USDC] | 312.59 | L +0.0174% / S +0.0071% | pay 0.0022% / 1h | 8m 02s | $446K | — | 100x |
| Short | Hyperliquid TAO | 313.51 | 0.1589 | get 0.0199% / 1h | 8m 02s | $98.3M | $84.6M | 5x |
GMX TAO/USD [WBTC.b-USDC]
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against GMX. 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
- $297.2
- Price spread: +0.294% → +0.086%
- $20.86
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $297.06
- Costs to cover
- 0.210%
- Break-even
- 0.0 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.16 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2086% | 1h | 311.96 | −0.202% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.79 | +0.064% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.65 | +0.018% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 312.08 | −0.163% | $23K | $362 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.10 | +0.163% | $37K | $565K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.06 | +0.151% | $370K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.84 | +0.080% | $88.8M | $428.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.01 | +0.134% | $61.6M | $125.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.80 | +0.067% | $25.1M | $101.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.80 | +0.067% | $12.5M | $50.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
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 | 312.68 | +0.029% | $110.9M | $131.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.72 | +0.041% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.60 | +0.003% | $35.0M | $47.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.97 | +0.121% | — | $30.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.46 | −0.362% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.82 | +0.072% | $523K | $952K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.38 | −0.387% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.03 | +0.141% | $77K | $450K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.90 | +0.099% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.78 | +0.061% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.70 | +0.035% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.02 | +0.137% | $128K | $417K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.76 | +0.054% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.08 | +0.158% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 313.11 | +0.166% | $1K | $565K | 5x | as long as short |
| Aster TAOUSDT | +0.0167% | 4h | 312.85 | +0.083% | $1.1M | $7.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0174% / S +0.0071% | 1h | 312.59 | long leg | $446K | — | 100x | |
| Arcus TAO-USD | +0.0186% | 1h | 313.20 | +0.195% | $83K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0194% | 8h | 312.83 | +0.077% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0216% | 4h | 312.58 | −0.003% | $3.9M | $7.1M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0305% | 1h | 312.84 | +0.080% | $20K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.13 | +0.173% | $4.3M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0431% | 1h | 312.97 | +0.122% | $822K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 312.89 | +0.095% | $5.7M | $19.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0526% | 1h | 313.08 | +0.157% | $292K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.50 | −0.029% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0584% | 1h | 313.26 | +0.214% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.79 | +0.062% | $360 | — | 20x | as long as short |
| Extended TAO-USD | +0.0840% | 1h | 312.74 | +0.047% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.32 | +0.233% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1208% | 1h | 313.42 | +0.265% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.01 | +0.134% | $414K | $585K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1589% | 1h | 313.51 | +0.294% | $98.3M | $84.6M | 5x |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC