Funding you earn now, next payment 05:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.018%
Price spread now: Coinbase International against Hyperliquid−0.143%7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.143%, 7d avg +0.097%
=Together, before fees+0.478%+ Points / potential airdropHyperliquid: Season 2 · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.240% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of +0.097%). If the spread goes back, that is −$24 on $10k: about 4.6 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.169% in total) that is about 10.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TAO | 314.35 | 0.0752 | pay 0.0094% / 1h | 41m 37s | $91.9M | $108.6M | 5x |
| Short | Coinbase International TAO-PERP-INTX | 313.90 | 0.0928 | get 0.0116% / 1h | 41m 37s | $1.5M | $6.8M | 50x |
Hyperliquid TAO
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $36.92
- Price spread: −0.143% → +0.097%
- −$24.03
- Slippage, 4 orders
- −$25.58
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$31.69
- Costs to cover
- 0.446%
- Break-even
- 13.0 days
Slippage from Hyperliquid: live order book, 12 min ago; Coinbase International: 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, 12 min ago | 0.80 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 8.60 bp | 14.5 bp −$15 | 16.0 bp −$160 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 313.66 | −0.221% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 313.33 | −0.323% | $22K | — | 150x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 313.94 | −0.130% | $643 | $894K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.34 | −0.002% | $89.9M | $505.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | −0.016% | $26.1M | $122.6M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 314.32 | −0.010% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.90 | −0.143% | $13.8M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.41 | +0.019% | $106.1M | $145.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.05 | −0.095% | $17.4M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.94 | −0.130% | $35.3M | $57.0M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Katana Perps TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
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 | 313.67 | −0.215% | $41K | $315K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.97 | −0.439% | $82K | $912K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.42 | −0.296% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.02 | −0.423% | $111K | $545K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.64 | −0.224% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 313.64 | −0.226% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0131% / S +0.0138% | 1h | 313.30 | −0.333% | $420K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0167% | 4h | 314.18 | −0.055% | $1.3M | $10.5M | 50x | as long as short |
| Popdex TAOUSDT | +0.0224% | 1h | 314.11 | −0.076% | $50K | $664K | 20x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 314.34 | −0.004% | $358K | $419K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0244% | 8h | 314.39 | +0.013% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0265% | 1h | 313.23 | −0.357% | $778K | $2.2M | 10x | as long as short |
| Phemex TAOUSDT | +0.0271% | 4h | 313.46 | −0.283% | $3.2M | $8.0M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0296% | 4h | 314.18 | −0.053% | $534K | $935K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0304% | 1h | 313.79 | −0.178% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0316% | 1h | 313.67 | −0.217% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.50 | −0.270% | $4.5M | $10.9M | 100x | as long as short |
| Variational Omni TAO | +0.0390% | 4h | 313.71 | −0.204% | $5.5M | $10.1M | — | as long as short |
| BingX TAO-USDT | +0.0402% | 4h | 314.16 | −0.060% | — | $33.7M | — | as long as short |
| Extended TAO-USD | +0.0416% | 1h | 314.12 | −0.074% | $902K | $2.4M | 25x | as long as short |
| Bybit TAOUSDT | +0.0436% | 4h | 314.44 | +0.029% | $68.1M | $151.7M | 50x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 314.45 | +0.032% | $101K | $370K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0506% | 1h | 314.43 | +0.025% | $44K | $256K | 50x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 314.00 | −0.111% | $312K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0535% | 1h | 313.63 | −0.230% | $9K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.18 | −0.371% | $360 | — | 20x | as long as short |
| Hyperliquid TAOlong | +0.0752% | 1h | 314.35 | long leg | $91.9M | $108.6M | 5x | |
| Backpack TAO_USDC_PERP | +0.0775% | 1h | 313.84 | −0.162% | $310K | $886K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 314.36 | +0.003% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0840% | 1h | 314.32 | −0.008% | $1.5M | $6.5M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0928% | 1h | 313.90 | −0.143% | $1.5M | $6.8M | 50x | |
| RISEx TAO/USDC | +0.0948% | 1h | 314.19 | −0.052% | $452K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 316.07 | +0.547% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Popdex TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
Phemex TAOUSDT
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
Variational Omni TAO
BingX TAO-USDT
Extended TAO-USD
Bybit TAOUSDT
Arcus TAO-USD
ApeX Omni TAOUSDT
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Lighter TAO
RISEx TAO/USDC
Injective TAO/USDC PERP