Funding you earn now, next payment 22:00 UTC−0.1559%/8h= −170.7% APRpaid last 24h −0.150%
Price spread now: OKX against Hyperliquid−0.163%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.163%, 7d avg −0.097%
=Together, before fees−0.239%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and OKX is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.097%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.338% in total (about -17.6% 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 | 307.00 | 0.1659 | pay 0.0207% / 1h | 35m 17s | $93.3M | $75.5M | 5x |
| Short | OKX TAO-USDT-SWAP | 306.50 | 0.0100 | get 0.0100% / 8h | 2h 35m | $25.0M | $92.4M | 50x |
Hyperliquid TAO
OKX TAO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$327.41
- Price spread: −0.163% → −0.097%
- −$6.6
- Slippage, 4 orders
- −$15.41
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$368.42
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; OKX: live order book, 4 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, 9 min ago | 0.98 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.63 bp | 10.5 bp −$10 | 20.9 bp −$209 | 126.5 bp −$12.7K | 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 | 306.36 | −0.209% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 306.17 | −0.272% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.52 | −0.156% | $41K | $524K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 306.50 | −0.163% | $362K | $400K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.38 | −0.202% | $85.9M | $401.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.54 | −0.150% | $59.0M | $117.4M | 50x | as long as short |
| OKX TAO-USDT-SWAPshort | +0.0100% | 8h | 306.50 | −0.163% | $25.0M | $92.4M | 50x | |
| Arcus TAO-USD | +0.0100% | 1h | 306.77 | −0.075% | $137K | $593K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 306.20 | −0.261% | $12.1M | $47.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 306.36 | −0.208% | $112.8M | $122.5M | 300x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.37 | −0.205% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.29 | −0.231% | $34.3M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.39 | −0.199% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.77 | −0.401% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.09 | −0.624% | $39K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.96 | −0.340% | $536K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.64 | −0.443% | $46K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.28 | −0.235% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.37 | −0.205% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.34 | −0.215% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.21 | −0.257% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.79 | −0.394% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.42 | −0.190% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 306.54 | −0.150% | $876 | $428K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0123% | 1h | 306.64 | −0.117% | $85K | $668K | 5x | as long as short |
| Aster TAOUSDT | +0.0140% | 4h | 306.34 | −0.215% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0166% | 8h | 306.55 | −0.147% | $14K | $992 | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.17 | −0.270% | $437K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0206% | 1h | 306.49 | −0.165% | $14K | $1.3M | 25x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 306.20 | −0.261% | $324K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0253% | 1h | 306.46 | −0.174% | $849K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.41 | −0.192% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0512% | 1h | 306.95 | −0.016% | $3K | $4K | 5x | as long as short |
| Bulk TAO-USD | +0.0668% | 1h | 304.81 | −0.713% | $200K | $57K | 10x | as long as short |
| Extended TAO-USD | +0.0688% | 1h | 306.54 | −0.151% | $872K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 306.34 | −0.215% | $352 | — | 20x | as long as short |
| Lighter TAO | +0.0872% | 1h | 306.88 | −0.038% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 306.23 | −0.251% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1028% | 1h | 306.75 | −0.081% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 306.68 | −0.104% | $411K | $537K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1268% | 1h | 306.34 | −0.215% | $469K | $683K | 10x | as long as short |
| Hyperliquid TAOlong | +0.1659% | 1h | 307.00 | long leg | $93.3M | $75.5M | 5x | |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.62 | +0.528% | $22K | $138 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
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
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Bulk TAO-USD
Extended TAO-USD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP