TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h −0.230%

Price spread now: Aevo against Hyperliquid+0.076%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1291.287% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.388%−$39 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.076%, 7d avg −0.048%

Together, before fees−0.506%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.123% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.048%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TAO	315.51	0.0248	pay 0.0031% / 1h	30m 21s	$92.8M	$106.1M	5x
Short	Aevo TAO-PERP	315.75	0.0104	get 0.0013% / 1h	30m 21s	$173K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee AevobpOrdersPrice spread, now +0.076%Rate

Funding earned: −$30.18
Price spread: +0.076% → −0.048%: $12.31
Slippage, 4 orders: −$103.75
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$146.62
Costs to cover: 1.287%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Aevo: live order book, 28 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 Hyperliquid live order book, 3 min ago	1.11 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 28 min ago	37.19 bp	62.6 bp −$63	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
dYdX TAO-USD	0.0000%	1h	315.16	−0.110%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.59	+0.024%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.94	+0.136%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.15	−0.114%	$43K	$690K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.92	−0.187%	$998	$794K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.61	+0.032%	$91.0M	$493.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.88	+0.117%	$68.8M	$147.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	+0.155%	$25.9M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.40	−0.035%	$13.0M	$49.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.67	+0.051%	$110.5M	$143.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.38	−0.041%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.76	+0.079%	$35.2M	$56.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.44	−0.022%	—	$30.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.27	−0.392%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.13	−0.438%	$520K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.44	−0.339%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.29	−0.070%	$76K	$857K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.71	+0.063%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.90	+0.124%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.14	−0.434%	$110K	$533K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.61	−0.285%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	315.75	+0.076%	$173K	$998	3x
Orderly PERP_TAO_USDC	+0.0130%	4h	315.86	+0.111%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0149% / S +0.0124%	1h	315.49	−0.007%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0174%	8h	315.43	−0.026%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0185%	1h	315.49	−0.006%	$804K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0203%	4h	315.47	−0.012%	$1.2M	$10.3M	50x	as long as short
Hyperliquid TAOlong	+0.0248%	1h	315.51	long leg	$92.8M	$106.1M	5x
Extended TAO-USD	+0.0248%	1h	315.90	+0.123%	$922K	$2.4M	25x	as long as short
Bulk TAO-USD	+0.0285%	1h	315.07	−0.139%	$167K	$2K	10x	as long as short
01 Exchange TAOUSD	+0.0288%	1h	315.27	−0.076%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.61	−0.285%	$4.5M	$10.8M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.46	−0.017%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.54	+0.010%	$99K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0350%	1h	314.79	−0.228%	$315K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.24	−0.085%	$360K	$411K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0445%	1h	316.05	+0.171%	$13K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0541%	4h	314.92	−0.187%	$5.7M	$10.0M	—	as long as short
Phoenix TAO	+0.0581%	1h	314.90	−0.193%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.54	+0.008%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.22	−0.092%	$436K	$654K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.91	+0.127%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.398%	$23K	$2K	12x	as long as short