Funding you earn now, next payment 00:00 UTC−0.1501%/8h= −164.4% APRpaid last 24h −0.180%
Price spread now: KuCoin against Hyperliquid+0.151%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days−0.363%−$36 on $10k
+Price spread, last 7 days−0.158%−$16 · spread now +0.151%, 7d avg −0.054%
=Together, before fees−0.521%+ Points / potential airdropHyperliquid: Season 2 · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.205% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.054%): +$20 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.363% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.363% in total (about -18.9% 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 | 318.78 | 0.1601 | pay 0.0200% / 1h | 59m 49s | $101.7M | $85.8M | 5x |
| Short | KuCoin TAOUSDTM | 319.26 | 0.0100 | get 0.0050% / 4h | 3h 59m | $19.0M | $28.0M | 75x |
Hyperliquid TAO
KuCoin TAOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$315.27
- Price spread: +0.151% → −0.054%
- $20.46
- Slippage, 4 orders
- −$33.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$349.61
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago | 2.68 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 2.40 bp | 20.7 bp −$21 | 35.4 bp −$354 | 85.0 bp −$8,500 | 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 | −0.2086% | 1h | 311.96 | −2.139% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.45 | −0.416% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.25 | −0.479% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 315.12 | −1.148% | $23K | $374 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.36 | −0.445% | $39K | $569K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 317.87 | −0.285% | $376K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.48 | +0.219% | $90.6M | $433.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 320.01 | +0.386% | $65.7M | $129.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | +0.320% | $25.7M | $105.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.60 | +0.257% | $12.8M | $50.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 319.47 | +0.216% | $114.1M | $133.4M | 300x | as long as short |
| KuCoin TAOUSDTMshort | +0.0100% | 4h | 319.26 | +0.151% | $19.0M | $28.0M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 319.45 | +0.210% | $35.7M | $48.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 319.64 | +0.270% | — | $30.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 316.07 | −0.850% | $41K | $282K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.90 | −1.845% | $524K | $952K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 316.22 | −0.803% | $47K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 317.83 | −0.298% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.86 | −0.289% | $61K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.96 | −0.257% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.76 | −0.320% | $127K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.87 | −0.285% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.31 | −0.149% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 317.54 | −0.389% | $2K | $577K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0122% | 1h | 317.67 | −0.348% | $77K | $450K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0071% | 1h | 317.46 | −0.413% | $453K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0182% | 4h | 318.93 | +0.047% | $1.1M | $8.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 318.05 | −0.229% | $84K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0204% | 8h | 317.78 | −0.314% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0233% | 4h | 316.35 | −0.762% | $5.4M | $8.5M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0305% | 1h | 318.04 | −0.232% | $30K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 317.54 | −0.389% | $4.4M | $10.7M | 100x | as long as short |
| Nado TAO-PERP | +0.0417% | 1h | 317.33 | −0.456% | $861K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0442% | 1h | 318.08 | −0.219% | $5.8M | $19.9M | 50x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 316.20 | −0.809% | $331K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0562% | 1h | 318.31 | −0.147% | $317K | $816K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0592% | 1h | 317.98 | −0.251% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 317.42 | −0.427% | $365 | — | 20x | as long as short |
| Extended TAO-USD | +0.0912% | 1h | 319.62 | +0.262% | $922K | $2.2M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 318.22 | −0.176% | $1.5M | $5.9M | 50x | as long as short |
| Lighter TAO | +0.1208% | 1h | 318.52 | −0.080% | $1.7M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 317.81 | −0.303% | $421K | $584K | 5x | as long as short |
| Hyperliquid TAOlong | +0.1601% | 1h | 318.78 | long leg | $101.7M | $85.8M | 5x |
MEXC TAO_USDT
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Phoenix TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC