Funding you earn now, next payment 22:00 UTC+0.0833%/8h= +91.3% APRpaid last 24h +0.150%
Price spread now: Hyperliquid against Orderly+0.418%7-day average +0.076% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.420%+$42 on $10k
+Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.418%, 7d avg +0.076%
=Together, before fees+0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.343% dearer against Orderly than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.076%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.420% in total (about 21.9% 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 | Orderly PERP_TAO_USDC | 303.49 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $58K | $276K | 10x |
| Short | Hyperliquid TAO | 304.76 | 0.0933 | get 0.0117% / 1h | 52m 30s | $91.2M | $73.9M | 5x |
Orderly PERP_TAO_USDC
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $175.01
- Price spread: +0.418% → +0.076%
- $34.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $194.26
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 11 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 11 min ago | 1.78 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.7481% | 1h | 306.26 | +0.913% | $201K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.90 | +0.136% | $128K | $89K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 303.48 | −0.005% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.75 | +0.086% | $38K | $520K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.95 | +0.151% | $1.2M | $7.4M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 304.29 | +0.263% | $356K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.74 | +0.082% | $84.8M | $399.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.85 | +0.119% | $58.0M | $117.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.80 | +0.102% | $24.8M | $91.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 304.13 | +0.211% | $135K | $591K | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 303.90 | +0.135% | $12.0M | $47.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 304.12 | +0.208% | $110.8M | $121.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 304.11 | +0.204% | $18.1M | $26.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.73 | +0.079% | $34.0M | $43.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 304.03 | +0.178% | — | $30.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.76 | +0.420% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.81 | +0.106% | $39K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.31 | −0.059% | $531K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.80 | +0.432% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.80 | +0.102% | $82K | $658K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.69 | +0.066% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 303.49 | long leg | $58K | $276K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 303.53 | +0.013% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.12 | −0.122% | $120K | $351K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.66 | +0.056% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.25 | −0.080% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 303.77 | +0.092% | $1K | $416K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0158% | 8h | 304.20 | +0.234% | $14K | $992 | 10x | as long as short |
| Nado TAO-PERP | +0.0160% | 1h | 303.75 | +0.085% | $729K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 303.50 | +0.003% | $321K | $462K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0274% | 1h | 303.68 | +0.062% | $16K | $1.3M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0320% | 1h | 304.14 | +0.214% | $3K | $4K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.24 | −0.082% | $4.3M | $9.3M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0464% / S −0.0175% | 1h | 303.42 | −0.022% | $432K | — | 100x | as long as short |
| Extended TAO-USD | +0.0568% | 1h | 303.93 | +0.144% | $867K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0616% | 1h | 304.50 | +0.332% | $1.6M | $4.7M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 303.70 | +0.070% | $349 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0771% | 1h | 304.21 | +0.237% | $465K | $689K | 10x | as long as short |
| Hyperliquid TAOshort | +0.0933% | 1h | 304.76 | +0.418% | $91.2M | $73.9M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 304.58 | +0.359% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1037% | 1h | 303.92 | +0.140% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 304.08 | +0.196% | $400K | $530K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +2.774% | $23K | $135 | 12x | as long as short |
Gate TAO_USDT
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
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Lighter TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP