Funding you earn now, next payment 01:00 UTC−0.1562%/8h= −171.0% APRpaid last 24h −0.125%
Price spread now: BloFin against Hyperliquid−0.006%47s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.006%, 7d avg −0.062%
=Together, before fees+0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.055% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.062%): +$6 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 3 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% 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 | 317.03 | 0.1902 | pay 0.0238% / 1h | 16m 29s | $101.8M | $91.6M | 5x |
| Short | BloFin TAO-USDT | 317.01 | 0.0340 | get 0.0170% / 4h | 3h 16m | $4.4M | $10.8M | 100x |
Hyperliquid TAO
BloFin TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$327.95
- Price spread: −0.006% → −0.062%
- $5.53
- Slippage, 4 orders
- −$23.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$366.47
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; BloFin: live order book, 2 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, 7 min ago | 1.72 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.52 bp | 8.5 bp −$9 | 15.9 bp −$159 | 31.3 bp −$3,128 | 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 | −0.1821% | 1h | 318.67 | +0.517% | $169K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.69 | −0.108% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.39 | −0.202% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.48 | −0.173% | $43K | $597K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.62 | −0.129% | $90.8M | $449.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.50 | −0.167% | $25.8M | $108.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.40 | −0.199% | $12.8M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.63 | −0.126% | $109.7M | $135.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.50 | −0.167% | $18.0M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.38 | −0.205% | $35.2M | $51.2M | 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 | 318.35 | +0.415% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 319.06 | +0.639% | $528K | $960K | 10x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 316.67 | −0.113% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.47 | −0.177% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.67 | −0.114% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.16 | +0.041% | $127K | $423K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.93 | −0.032% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.69 | −0.106% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 316.75 | −0.088% | $2K | $633K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0094% | 1h | 316.37 | −0.209% | $455K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.98 | −0.015% | $376K | $375K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.04 | +0.003% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0212% | 4h | 316.67 | −0.112% | $1.2M | $8.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 316.79 | −0.077% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0257% | 1h | 317.00 | −0.010% | $17K | $1.5M | 25x | as long as short |
| Polymarket Perps TAO-USD | +0.0275% | 1h | 316.78 | −0.079% | $93K | $633K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0292% | 1h | 318.26 | +0.388% | $49K | $267K | 50x | as long as short |
| BloFin TAO-USDTshort | +0.0340% | 4h | 317.01 | −0.006% | $4.4M | $10.8M | 100x | |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 316.97 | −0.020% | $5.7M | $20.3M | 50x | as long as short |
| Variational Omni TAO | +0.0515% | 4h | 318.38 | +0.427% | $5.6M | $8.7M | — | as long as short |
| Phoenix TAO | +0.0525% | 1h | 318.00 | +0.306% | $333K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0568% | 1h | 316.96 | −0.022% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.233% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0596% | 4h | 316.69 | −0.107% | — | $30.4M | — | as long as short |
| Bybit TAOUSDT | +0.0629% | 4h | 316.81 | −0.069% | $65.3M | $133.2M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 316.49 | −0.169% | $364 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0778% | 1h | 316.44 | −0.185% | $879K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0822% | 1h | 317.10 | +0.022% | $320K | $818K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.12 | +0.344% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1136% | 1h | 316.73 | −0.096% | $912K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.84 | −0.060% | $419K | $593K | 5x | as long as short |
| Lighter TAO | +0.1416% | 1h | 317.41 | +0.121% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAOlong | +0.1902% | 1h | 317.03 | long leg | $101.8M | $91.6M | 5x |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bullet 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]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Polymarket Perps TAO-USD
ApeX Omni TAOUSDT
Kraken Futures PF_TAOUSD
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Bybit TAOUSDT
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO