Funding you earn now, next payment 01:00 UTC+0.1133%/8h= +124.0% APRnext payment +$1.42 per $10,000 · paid last 24h +0.149%
Price spread now: Hyperliquid against Nado+0.001%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 3 days (all we have)+0.256%+$26 on $10k
+Price spread, last 3 days (all we have)−0.185%−$19 · spread now +0.001%, 7d avg +0.081%
=Together, before fees+0.071%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.080% cheaper against Nado than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.081%). If the spread goes back, that is −$8 on $10k: about 6 hours of funding at the current rate (+$34 a day). At the pace of the last 3 days (+0.256% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.256% in total (about 28.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.42 per $10,000. 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 | Nado TAO-PERP | 317.21 | 0.0776 | pay 0.0097% / 1h | 16m 49s | $882K | $2.0M | 10x |
| Short | Hyperliquid TAO | 317.21 | 0.1909 | get 0.0239% / 1h | 16m 49s | $101.9M | $91.6M | 5x |
Nado TAO-PERP
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Nado. 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
- $237.89
- Price spread: +0.001% → +0.081%
- −$8.02
- Slippage, 4 orders
- −$22.69
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $191.18
- Costs to cover
- 0.387%
- Break-even
- 1.4 days
Slippage from Nado: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Nado live order book, 2 min ago | 1.10 bp | 8.6 bp −$9 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.72 bp | 9.0 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1821% | 1h | 318.67 | +0.461% | $169K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.69 | −0.164% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.73 | −0.150% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.82 | −0.122% | $43K | $596K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.82 | −0.122% | $90.8M | $449.4M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.80 | −0.128% | $25.8M | $108.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.80 | −0.128% | $12.8M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.08 | −0.040% | $109.8M | $135.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.76 | −0.141% | $18.0M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.60 | −0.192% | $35.2M | $51.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 318.35 | +0.359% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 319.06 | +0.583% | $528K | $960K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.05 | −0.050% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.67 | −0.169% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.16 | −0.015% | $127K | $423K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.93 | −0.087% | $3.4M | $7.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 316.92 | −0.091% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.75 | −0.143% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 316.85 | −0.113% | $733 | $633K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0094% | 1h | 316.61 | −0.189% | $455K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.98 | −0.071% | $376K | $375K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.31 | +0.032% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0212% | 4h | 316.76 | −0.140% | $1.2M | $8.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 316.97 | −0.075% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0257% | 1h | 317.00 | −0.066% | $17K | $1.5M | 25x | as long as short |
| Polymarket Perps TAO-USD | +0.0279% | 1h | 317.22 | +0.004% | $93K | $633K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0292% | 1h | 318.26 | +0.332% | $49K | $267K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 317.01 | −0.062% | $4.4M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 316.97 | −0.076% | $5.7M | $20.3M | 50x | as long as short |
| Variational Omni TAO | +0.0515% | 4h | 318.38 | +0.370% | $5.6M | $8.7M | — | as long as short |
| Phoenix TAO | +0.0525% | 1h | 318.00 | +0.250% | $333K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0568% | 1h | 316.93 | −0.087% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.177% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0596% | 4h | 317.00 | −0.065% | — | $30.4M | — | as long as short |
| Bybit TAOUSDT | +0.0629% | 4h | 317.10 | −0.034% | $65.3M | $133.2M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 316.95 | −0.080% | $364 | — | 20x | as long as short |
| Nado TAO-PERPlong | +0.0776% | 1h | 317.21 | long leg | $882K | $2.0M | 10x | |
| Backpack TAO_USDC_PERP | +0.0822% | 1h | 317.10 | −0.034% | $320K | $818K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.12 | +0.288% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1136% | 1h | 317.09 | −0.038% | $912K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 317.01 | −0.063% | $420K | $593K | 5x | as long as short |
| Lighter TAO | +0.1416% | 1h | 317.41 | +0.065% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAOshort | +0.1909% | 1h | 317.21 | +0.001% | $101.9M | $91.6M | 5x |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Bullet TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Polymarket Perps TAO-USD
ApeX Omni TAOUSDT
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Bybit TAOUSDT
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO