Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.124%
Price spread now: Extended against Hyperliquid+0.164%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 7 days−0.186%−$19 · spread now +0.164%, 7d avg −0.097%
=Together, before fees−0.414%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$41 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.261% dearer against Hyperliquid than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TAO | 303.71 | 0.0538 | pay 0.0067% / 1h | 56m 24s | $88.8M | $71.9M | 5x |
| Short | Extended TAO-USD | 304.21 | 0.0536 | get 0.0067% / 1h | 56m 24s | $879K | $1.9M | 25x |
Hyperliquid TAO
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$0.4
- Price spread: +0.164% → −0.097%
- $26.09
- Slippage, 4 orders
- −$14.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$3.01
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Extended: 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 | 1.78 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 3.58 bp | 6.1 bp −$6 | 7.9 bp −$79 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.7481% | 1h | 306.26 | +0.840% | $201K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 304.52 | +0.267% | $128K | $92K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 302.77 | −0.311% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.61 | −0.033% | $38K | $521K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 304.40 | +0.228% | $1.2M | $7.4M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 304.63 | +0.302% | $356K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.75 | +0.013% | $85.2M | $398.7M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.82 | +0.036% | $58.1M | $116.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.60 | −0.036% | $24.9M | $90.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 304.41 | +0.230% | $137K | $591K | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 304.20 | +0.161% | $12.0M | $47.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 303.53 | −0.059% | $109.1M | $120.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.45 | −0.086% | $18.1M | $26.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.39 | −0.105% | $34.0M | $43.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 304.30 | +0.194% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.35 | +1.528% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.98 | +1.075% | $40K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 306.09 | +0.782% | $535K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 306.65 | +0.968% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.76 | +0.016% | $82K | $658K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.30 | −0.135% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 304.71 | +0.329% | $58K | $277K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 304.93 | +0.402% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.92 | +0.398% | $121K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.60 | +0.293% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 304.96 | +0.412% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 303.58 | −0.043% | $2K | $414K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0149% | 1h | 304.82 | +0.364% | $16K | $1.3M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0156% | 8h | 304.37 | +0.218% | $14K | $992 | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.94 | +0.405% | $4.3M | $9.3M | 100x | as long as short |
| Nado TAO-PERP | +0.0350% | 1h | 303.53 | −0.060% | $848K | $1.7M | 10x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 309.30 | +1.841% | $328K | $322K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0368% | 1h | 303.98 | +0.089% | $3K | $4K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0465% / S −0.0175% | 1h | 304.77 | +0.349% | $434K | — | 100x | as long as short |
| Extended TAO-USDshort | +0.0536% | 1h | 304.21 | +0.164% | $879K | $1.9M | 25x | |
| Hyperliquid TAOlong | +0.0538% | 1h | 303.71 | long leg | $88.8M | $71.9M | 5x | |
| Backpack TAO_USDC_PERP | +0.0561% | 1h | 304.77 | +0.349% | $435K | $674K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 303.51 | −0.065% | $349 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 305.06 | +0.443% | $1.7M | $4.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 305.83 | +0.698% | $1.5M | $5.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1034% | 1h | 305.01 | +0.429% | $6.2M | $19.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 303.94 | +0.076% | $400K | $530K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +2.700% | $23K | $135 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
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
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
BloFin TAO-USDT
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP