Funding you earn now, next payment 02:00 UTC−0.1102%/8h= −120.7% APRpaid last 24h −0.217%
Price spread now: Bitget against Hyperliquid−0.200%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days+0.228%+$23 · spread now −0.200%, 7d avg −0.075%
=Together, before fees−0.133%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Bitget is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.360% in total (about -18.8% 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 | 310.56 | 0.1202 | pay 0.0150% / 1h | 33m 14s | $97.7M | $93.6M | 5x |
| Short | Bitget TAOUSDT | 309.94 | 0.0100 | get 0.0050% / 4h | 2h 33m | $34.5M | $53.2M | 50x |
Hyperliquid TAO
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$231.5
- Price spread: −0.200% → −0.075%
- −$12.42
- Slippage, 4 orders
- −$15.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$280.22
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Bitget: live order book, 6 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, 11 min ago | 0.97 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 0.98 bp | 12.7 bp −$13 | 18.9 bp −$189 | 51.0 bp −$5,101 | doesn't fit |
TAO on 42 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 | 309.84 | −0.232% | $124K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 310.12 | −0.142% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 310.12 | −0.142% | $37K | $622K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 310.04 | −0.167% | $89.0M | $461.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.40 | −0.052% | $25.4M | $109.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 310.00 | −0.180% | $12.6M | $49.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 310.07 | −0.158% | $104.5M | $138.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.26 | −0.097% | $17.9M | $30.0M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 309.94 | −0.200% | $34.5M | $53.2M | 50x | |
| edgeX TAOUSDC | +0.0100% | 4h | 308.62 | −0.626% | $34K | $299K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.38 | −0.380% | $510K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 308.66 | −0.612% | $46K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 310.35 | −0.068% | $56K | $283K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.09 | −0.151% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 309.62 | −0.303% | $127K | $471K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.09 | −0.151% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0124% | 8h | 310.50 | −0.019% | $1K | $688K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0149% | 1h | 310.22 | −0.109% | $82K | $660K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0092% | 1h | 310.03 | −0.169% | $431K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0170% | 1h | 309.85 | −0.229% | $5.5M | $20.4M | 50x | as long as short |
| Aster TAOUSDT | +0.0197% | 4h | 310.02 | −0.174% | $1.3M | $9.2M | 50x | as long as short |
| Bullet TAO-USD | +0.0210% | 1h | 310.29 | −0.086% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 310.00 | −0.180% | $366K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0293% | 8h | 310.15 | −0.131% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0316% | 4h | 309.83 | −0.235% | $3.3M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 310.18 | −0.122% | $97K | $562K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0467% | 1h | 310.13 | −0.139% | $24K | $1.5M | 25x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | +0.554% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0565% | 1h | 310.42 | −0.046% | $760K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 309.20 | −0.438% | $323K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 310.58 | +0.006% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 310.02 | −0.175% | $357 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0704% | 4h | 310.40 | −0.052% | — | $31.0M | — | as long as short |
| Bybit TAOUSDT | +0.0734% | 4h | 310.20 | −0.116% | $64.2M | $136.7M | 50x | as long as short |
| Variational Omni TAO | +0.0748% | 4h | 309.04 | −0.490% | $5.3M | $8.9M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0842% | 1h | 310.84 | +0.090% | $314K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0912% | 1h | 310.07 | −0.158% | $890K | $2.3M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 310.68 | +0.039% | $1.4M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 310.23 | −0.108% | $443K | $621K | 5x | as long as short |
| Hyperliquid TAOlong | +0.1202% | 1h | 310.56 | long leg | $97.7M | $93.6M | 5x | |
| Lighter TAO | +0.1328% | 1h | 310.36 | −0.065% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.4286% | 1h | 309.11 | −0.468% | $164K | $40K | 10x | as long as short |
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Pacifica TAO
Paradex TAO-USD-PERP
Phemex TAOUSDT
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Bulk TAO-USD