Funding you earn now, next payment 03:00 UTC−0.1125%/8h= −123.2% APRpaid last 24h −0.191%
Price spread now: Aster against Hyperliquid−0.032%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 5 days (all we have)−0.212%−$21 on $10k
+Price spread, last 7 days+0.191%+$19 · spread now −0.032%, 7d avg +0.021%
=Together, before fees−0.021%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Aster is 0.053% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.212% in total (about -14.3% 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 | Hyperliquid TAO | 316.41 | 0.1421 | pay 0.0178% / 1h | 45m 57s | $99.7M | $98.5M | 5x |
| Short | Aster TAOUSDT | 316.31 | 0.0296 | get 0.0148% / 4h | 1h 45m | $1.2M | $9.3M | 50x |
Hyperliquid TAO
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Hyperliquid. 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
- −$236.26
- Price spread: −0.032% → +0.021%
- −$5.27
- Slippage, 4 orders
- −$15.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$274.48
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Aster: live order book, 3 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, 8 min ago | 1.10 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 0.95 bp | 9.0 bp −$9 | 16.2 bp −$162 | 131.7 bp −$13.2K | 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 | −0.2257% | 1h | 317.17 | +0.240% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.54 | +0.040% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.33 | −0.024% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.84 | +0.136% | $44K | $651K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.69 | +0.089% | $91.5M | $469.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.80 | +0.123% | $26.2M | $115.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.40 | −0.003% | $12.9M | $49.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.75 | +0.107% | $105.5M | $138.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.43 | +0.006% | $18.1M | $30.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.66 | +0.079% | $35.4M | $53.7M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 315.81 | −0.190% | $36K | $301K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.54 | +0.041% | $75K | $758K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.60 | +0.060% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.24 | −0.054% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.05 | −0.114% | $129K | $477K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.09 | −0.101% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.77 | +0.115% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 316.81 | +0.126% | $1K | $746K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0164% / S +0.0105% | 1h | 316.39 | −0.006% | $430K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0212% | 4h | 317.35 | +0.297% | $528K | $946K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0248% | 1h | 316.29 | −0.039% | $5.6M | $20.5M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0281% | 1h | 316.62 | +0.065% | $20K | $1.6M | 25x | as long as short |
| Bullet TAO-USD | +0.0282% | 1h | 316.77 | +0.115% | $12K | $18K | 20x | as long as short |
| Aster TAOUSDTshort | +0.0296% | 4h | 316.31 | −0.032% | $1.2M | $9.3M | 50x | |
| Paradex TAO-USD-PERP | +0.0338% | 8h | 316.70 | +0.091% | $14K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.00 | −0.130% | — | $10.3M | 100x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.83 | +0.133% | $374K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 316.70 | +0.092% | $332K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 317.14 | +0.231% | $100K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0558% | 1h | 316.58 | +0.055% | $757K | $2.1M | 10x | as long as short |
| BingX TAO-USDT | +0.0684% | 4h | 316.63 | +0.070% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.36 | −0.017% | $364 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0704% | 4h | 316.85 | +0.139% | $67.4M | $139.5M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0728% | 1h | 317.00 | +0.186% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0872% | 1h | 316.32 | −0.028% | $320K | $802K | 10x | as long as short |
| Variational Omni TAO | +0.0885% | 4h | 316.62 | +0.066% | $5.9M | $9.7M | — | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 316.53 | +0.039% | $896K | $2.3M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0923% | 1h | 316.03 | −0.120% | $46K | $253K | 50x | as long as short |
| Lighter TAO | +0.0984% | 1h | 316.59 | +0.057% | $1.5M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.62 | +0.382% | $1.5M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 316.75 | +0.106% | $448K | $626K | 5x | as long as short |
| Hyperliquid TAOlong | +0.1421% | 1h | 316.41 | long leg | $99.7M | $98.5M | 5x | |
| Injective TAO/USDC PERP | +0.4172% | 1h | 319.69 | +1.037% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Deribit TAO_USDC-PERPETUAL
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
BingX TAO-USDT
Reya TAORUSDPERP
Bybit TAOUSDT
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Variational Omni TAO
Extended TAO-USD
ApeX Omni TAOUSDT
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP