Funding you earn now, next payment 23:00 UTC−0.1772%/8h= −194.1% APRpaid last 24h −0.150%
Price spread now: BingX against Hyperliquid−0.231%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 7 days+0.197%+$20 · spread now −0.231%, 7d avg −0.069%
=Together, before fees−0.073%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and BingX is 0.162% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.270% in total (about -14.1% 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 | 307.66 | 0.1872 | pay 0.0234% / 1h | 55m 23s | $96.1M | $78.1M | 5x |
| Short | BingX TAO-USDT | 306.95 | 0.0100 | get 0.0050% / 4h | 1h 55m | — | $30.4M | — |
Hyperliquid TAO
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$372.22
- Price spread: −0.231% → −0.069%
- −$16.19
- Slippage, 4 orders
- −$17.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$424.72
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BingX: live order book, 13 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 | 1.45 bp | 10.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 2.41 bp | 9.7 bp −$10 | 16.5 bp −$165 | 27.1 bp −$2,707 | 71.3 bp −$35.6K |
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 | −0.0306% | 1h | 307.82 | +0.052% | $202K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 307.01 | −0.212% | $126K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 306.81 | −0.275% | $26K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0026% | 1h | 306.90 | −0.249% | $15K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.85 | −0.263% | $42K | $532K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.99 | −0.219% | $86.3M | $407.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.07 | −0.192% | $59.8M | $119.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.00 | −0.215% | $24.8M | $94.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.14 | −0.169% | $137K | $584K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 306.90 | −0.247% | $12.2M | $48.0M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 306.97 | −0.224% | $120.1M | $123.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.79 | −0.283% | $18.9M | $26.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.78 | −0.286% | $34.4M | $45.6M | 50x | as long as short |
| BingX TAO-USDTshort | +0.0100% | 4h | 306.95 | −0.231% | — | $30.4M | — | |
| Variational Omni TAO | +0.0100% | 4h | 308.27 | +0.198% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.32 | −0.109% | $40K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.04 | +0.123% | $548K | $937K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.21 | −0.146% | $78K | $630K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.98 | −0.219% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.96 | −0.228% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.87 | −0.257% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.87 | −0.257% | $121K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 306.78 | −0.286% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.19 | −0.154% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 306.91 | −0.244% | $1K | $480K | 5x | as long as short |
| Aster TAOUSDT | +0.0154% | 4h | 306.96 | −0.228% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0161% | 8h | 306.75 | −0.294% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 307.05 | −0.198% | $363K | $369K | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.50 | +0.273% | $327K | $491K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.92 | −0.241% | $4.3M | $9.4M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0428% | 1h | 308.15 | +0.159% | $46K | $268K | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0459% | 1h | 307.63 | −0.010% | $383K | $754K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0484% / S −0.0184% | 1h | 306.79 | −0.281% | $450K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0519% | 1h | 306.95 | −0.231% | $846K | $1.9M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0544% | 1h | 307.06 | −0.195% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0688% | 1h | 306.91 | −0.242% | $1.7M | $4.9M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.03 | −0.206% | $353 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 306.78 | −0.287% | $894K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 308.91 | +0.406% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1029% | 1h | 306.89 | −0.251% | $6.3M | $19.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 306.98 | −0.220% | $414K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.348% | $22K | $264 | 12x | as long as short |
| Hyperliquid TAOlong | +0.1872% | 1h | 307.66 | long leg | $96.1M | $78.1M | 5x |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
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
Paradex TAO-USD-PERP
Pacifica TAO
Phoenix TAO
BloFin TAO-USDT
ApeX Omni TAOUSDT
Backpack TAO_USDC_PERP
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP