Funding you earn now, next payment 22:00 UTC−0.1664%/8h= −182.3% APRpaid last 24h −0.150%
Price spread now: Gate against Hyperliquid−0.303%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.330%−$33 on $10k
+Price spread, last 7 days+0.260%+$26 · spread now −0.303%, 7d avg −0.079%
=Together, before fees−0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Gate is 0.224% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.330% in total (about -17.2% 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 | 310.64 | 0.1764 | pay 0.0221% / 1h | 16m 54s | $96.8M | $77.1M | 5x |
| Short | Gate TAO_USDT | 309.70 | 0.0100 | get 0.0050% / 4h | 2h 16m | $12.3M | $48.4M | 50x |
Hyperliquid TAO
Gate TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$349.53
- Price spread: −0.303% → −0.079%
- −$22.4
- Slippage, 4 orders
- −$19.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$415.1
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Gate: 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 | 0.16 bp | 5.1 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.23 bp | 13.8 bp −$14 | 37.3 bp −$373 | 95.7 bp −$9,574 | 147.8 bp −$73.9K |
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 | 309.17 | −0.473% | $130K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 309.86 | −0.250% | $27K | — | 150x | as long as short |
| Bulk TAO-USD | +0.0052% | 1h | 305.44 | −1.674% | $200K | $57K | 10x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 309.59 | −0.338% | $41K | $529K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 309.67 | −0.312% | $366K | $367K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 309.83 | −0.260% | $86.6M | $404.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 309.84 | −0.258% | $60.2M | $119.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 309.70 | −0.303% | $25.5M | $93.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 309.92 | −0.232% | $138K | $602K | 5x | as long as short |
| Gate TAO_USDTshort | +0.0100% | 4h | 309.70 | −0.303% | $12.3M | $48.4M | 50x |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Bulk TAO-USD
Popdex 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 309.78 | −0.277% | $117.7M | $125.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 309.65 | −0.319% | $18.7M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 309.66 | −0.315% | $34.7M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 309.76 | −0.283% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.38 | −0.728% | $3.7M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.91 | −0.878% | $40K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.30 | −1.076% | $539K | $954K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 308.35 | −0.737% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 309.67 | −0.312% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 309.86 | −0.251% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 309.79 | −0.274% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 309.37 | −0.409% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 309.88 | −0.245% | $122K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 309.86 | −0.251% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 309.97 | −0.216% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 309.51 | −0.364% | $885 | $444K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0144% | 1h | 310.02 | −0.200% | $16K | $1.3M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 309.66 | −0.315% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0167% | 4h | 309.86 | −0.251% | $1.1M | $7.5M | 50x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 307.60 | −0.979% | $326K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0289% | 1h | 309.46 | −0.381% | $856K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 310.00 | −0.206% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0486% / S −0.0184% | 1h | 309.78 | −0.276% | $454K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0512% | 1h | 310.10 | −0.174% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 309.52 | −0.360% | $356 | — | 20x | as long as short |
| Extended TAO-USD | +0.0712% | 1h | 309.69 | −0.306% | $911K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0888% | 1h | 310.33 | −0.100% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.88 | +0.077% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1017% | 1h | 310.09 | −0.176% | $6.4M | $19.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1019% | 1h | 310.17 | −0.151% | $448K | $716K | 10x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 309.91 | −0.235% | $414K | $539K | 5x | as long as short |
| Hyperliquid TAOlong | +0.1764% | 1h | 310.64 | long leg | $96.8M | $77.1M | 5x | |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | −0.615% | $22K | $271 | 12x | as long as short |
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
Aster TAOUSDT
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Injective TAO/USDC PERP