Funding you earn now, next payment 23:00 UTC+0.1094%/8h= +119.8% APRnext payment +$1.37 per $10,000 · paid last 24h +0.168%
Price spread now: Hyperliquid against Pacifica+0.379%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.379%, 7d avg +0.073%
=Together, before fees−0.012%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Hyperliquid is 0.306% dearer against Pacifica than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.073%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.296% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.37 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 | Pacifica TAO | 312.33 | 0.0164 | pay 0.0020% / 1h | 0m 06s | $369K | $369K | 10x |
| Short | Hyperliquid TAO | 313.51 | 0.1258 | get 0.0157% / 1h | 0m 06s | $96.9M | $81.8M | 5x |
Pacifica TAO
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $229.74
- Price spread: +0.379% → +0.073%
- $30.56
- Slippage, 4 orders
- −$14.93
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $228.37
- Costs to cover
- 0.319%
- Break-even
- 0.0 days
Slippage from Pacifica: live order book, 18 min ago; Hyperliquid: 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 Pacifica live order book, 18 min ago | 3.43 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.16 bp | 5.9 bp −$6 | 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 | −0.1120% | 1h | 305.94 | −2.045% | $164K | $52K | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.34 | +0.005% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 311.72 | −0.194% | $125K | $88K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.68 | +0.113% | $45K | $541K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.99 | +0.214% | $88.2M | $417.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.06 | +0.235% | $61.3M | $122.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.90 | +0.184% | $25.2M | $98.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 312.63 | +0.097% | $80K | $644K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.60 | +0.088% | $12.5M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.00 | +0.216% | $119.3M | $127.4M | 300x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 312.50 | +0.056% | $19.0M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.79 | +0.149% | $35.0M | $45.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.90 | +0.184% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.27 | −0.979% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.02 | −1.059% | $511K | $950K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.27 | −0.978% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.86 | +0.171% | $77K | $550K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.72 | +0.127% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.39 | +0.020% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.42 | +0.030% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.19 | −0.044% | $125K | $374K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.47 | +0.046% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.80 | +0.472% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.63 | +0.097% | $2K | $523K | 5x | as long as short |
| Variational Omni TAO | +0.0136% | 4h | 310.79 | −0.491% | $3.8M | $6.8M | — | as long as short |
| Pacifica TAOlong | +0.0164% | 1h | 312.33 | long leg | $369K | $369K | 10x | |
| Paradex TAO-USD-PERP | +0.0180% | 8h | 312.22 | −0.033% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0183% | 4h | 312.78 | +0.146% | $1.1M | $7.8M | 50x | as long as short |
| Nado TAO-PERP | +0.0310% | 1h | 312.86 | +0.172% | $858K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.45 | −0.280% | $4.3M | $9.6M | 100x | as long as short |
| Lighter TAO | +0.0384% | 1h | 312.78 | +0.145% | $1.6M | $5.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0415% | 1h | 312.47 | +0.047% | $20K | $1.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0456% | 1h | 313.30 | +0.312% | $3K | $4K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 312.30 | −0.007% | $448K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0498% | 1h | 313.08 | +0.241% | $300K | $800K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 309.20 | −1.001% | $331K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.67 | +0.111% | $360 | — | 20x | as long as short |
| Extended TAO-USD | +0.0736% | 1h | 312.53 | +0.064% | $851K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 312.65 | +0.104% | $1.5M | $5.7M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1010% | 1h | 312.60 | +0.089% | $5.9M | $19.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 312.74 | +0.134% | $429K | $536K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1258% | 1h | 313.51 | +0.379% | $96.9M | $81.8M | 5x | |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | −1.151% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP