TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1131%/8h= −123.8% APRnext payment −$1.41 per $10,000 · paid last 24h −0.223%

Price spread now: Bullet against Hyperliquid−0.120%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bullet is 0.120% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TAO	318.68	0.1409	pay 0.0176% / 1h	43m 56s	$100.3M	$98.6M	5x
Short	Bullet TAO-USD	318.30	0.0278	get 0.0035% / 1h	43m 56s	$12K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$237.52
Price spread: −0.120% → 0.000%: −$11.98
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$266.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Bullet: no order-book sample. Net counts fees only.

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, 10 min ago	1.10 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3652%	1h	316.49	−0.687%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.54	−0.357%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.06	−0.195%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.97	−0.223%	$44K	$653K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.44	−0.075%	$92.1M	$470.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	−0.056%	$26.3M	$116.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.10	−0.182%	$13.0M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.35	−0.104%	$105.4M	$138.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.27	−0.129%	$17.9M	$30.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.09	−0.185%	$35.5M	$53.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.40	−0.714%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.01	−0.210%	$76K	$759K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.29	−0.122%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.98	−0.220%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.95	−0.229%	$130K	$477K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.16	−0.163%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.32	−0.113%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.91	−0.242%	$676	$750K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	318.00	−0.214%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0206%	4h	316.82	−0.583%	$523K	$955K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	318.10	−0.182%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USDshort	+0.0278%	1h	318.30	−0.120%	$12K	$18K	20x
Aster TAOUSDT	+0.0296%	4h	318.37	−0.097%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0334%	8h	318.13	−0.173%	$14K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.09	−0.185%	$4.5M	$10.4M	100x	as long as short
Pacifica TAO	+0.0448%	1h	317.87	−0.254%	$375K	$396K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0481%	1h	318.18	−0.158%	$17K	$1.6M	25x	as long as short
Phoenix TAO	+0.0504%	1h	318.30	−0.119%	$334K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	318.16	−0.163%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0542%	1h	318.10	−0.181%	$767K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0676%	4h	318.47	−0.066%	$67.8M	$139.6M	50x	as long as short
BingX TAO-USDT	+0.0684%	4h	318.33	−0.110%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.25	−0.135%	$366	—	20x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	318.28	−0.126%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0885%	4h	316.62	−0.647%	$5.9M	$9.7M	—	as long as short
Extended TAO-USD	+0.0912%	1h	318.19	−0.154%	$900K	$2.3M	25x	as long as short
ApeX Omni TAOUSDT	+0.0923%	1h	316.03	−0.832%	$46K	$253K	50x	as long as short
Backpack TAO_USDC_PERP	+0.0928%	1h	318.60	−0.025%	$438K	$861K	10x	as long as short
Lighter TAO	+0.0984%	1h	318.59	−0.028%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.48	−0.063%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.93	−0.237%	$450K	$626K	5x	as long as short
Hyperliquid TAOlong	+0.1409%	1h	318.68	long leg	$100.3M	$98.6M	5x
Injective TAO/USDC PERP	+0.4172%	1h	319.69	+0.317%	$23K	$2K	12x	as long as short