TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0516%/8h= −56.5% APRnext payment −$0.64 per $10,000 · paid last 24h −0.218%

Price spread now: Pacifica against Hyperliquid+0.026%7-day average −0.079% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.376%−$38 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.026%, 7d avg −0.079%

Together, before fees−0.488%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.104% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.079%): +$10 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.376% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TAO	313.68	0.0749	pay 0.0094% / 1h	43m 23s	$91.8M	$108.6M	5x
Short	Pacifica TAO	313.76	0.0233	get 0.0029% / 1h	43m 23s	$357K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PacificabpOrdersPrice spread, now +0.026%Rate

Funding earned: −$108.28
Price spread: +0.026% → −0.079%: $10.4
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$114.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Pacifica: live order book, 5 min ago. Net counts fees only.

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, 10 min ago	0.80 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	2.55 bp	doesn't fit	doesn't fit	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	313.65	−0.011%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.03	−0.207%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.59	−0.029%	$642	$894K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.39	−0.094%	$89.6M	$505.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	−0.089%	$26.1M	$122.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.40	−0.089%	$13.7M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.41	−0.086%	$105.7M	$144.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.46	−0.070%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.19	−0.156%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.67	−0.002%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.34	−0.108%	$81K	$910K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.02	+0.108%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.30	−0.121%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.49	+0.257%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.29	+0.194%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0138%	1h	312.99	−0.220%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.401%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0169%	4h	313.61	−0.022%	$1.3M	$10.5M	50x	as long as short
Phemex TAOUSDT	+0.0219%	4h	314.34	+0.210%	$3.2M	$7.9M	50x	as long as short
Pacifica TAOshort	+0.0233%	1h	313.76	+0.026%	$357K	$419K	10x
Popdex TAOUSDT	+0.0240%	1h	313.63	−0.016%	$48K	$662K	20x	as long as short
Paradex TAO-USD-PERP	+0.0242%	8h	313.65	−0.008%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0271%	1h	313.53	−0.047%	$780K	$2.2M	10x	as long as short
GRVT TAO_USDT_Perp	+0.0296%	4h	314.18	+0.160%	$534K	$935K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.45	+0.245%	$5.7M	$21.2M	50x	as long as short
Bullet TAO-USD	+0.0319%	1h	313.39	−0.093%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.18	+0.159%	$4.5M	$10.9M	100x	as long as short
BingX TAO-USDT	+0.0384%	4h	313.35	−0.105%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	+0.010%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0416%	1h	313.51	−0.055%	$903K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0420%	4h	313.35	−0.105%	$67.9M	$151.5M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.93	+0.080%	$101K	$370K	5x	as long as short
ApeX Omni TAOUSDT	+0.0506%	1h	314.43	+0.239%	$44K	$256K	50x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	+0.102%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0529%	1h	314.34	+0.210%	$11K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.49	−0.062%	$361	—	20x	as long as short
Hyperliquid TAOlong	+0.0749%	1h	313.68	long leg	$91.8M	$108.6M	5x
Backpack TAO_USDC_PERP	+0.0804%	1h	314.45	+0.245%	$310K	$886K	10x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	313.74	+0.019%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0896%	1h	313.89	+0.068%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.00	+0.421%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.64	−0.014%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.762%	$23K	$2K	12x	as long as short