TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h +0.133%

Price spread now: Hyperliquid against 01 Exchange−0.063%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.063% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	312.17	0.0640	pay 0.0080% / 1h	31m 40s	$3K	$4K	5x
Short	Hyperliquid TAO	311.97	0.1200	get 0.0150% / 1h	31m 40s	$98.3M	$94.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against 01 Exchange. 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 01 ExchangebpFee HyperliquidbpOrdersPrice spread, now −0.063%Rate

Funding earned: $117.54
Price spread: −0.063% → 0.000%: −$6.31
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $95.23
Costs to cover: 0.160%
Break-even: 1.3 days

Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 12 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 12 min ago	0.97 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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 42 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	311.32	−0.272%	$124K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	311.02	−0.368%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.87	−0.096%	$38K	$622K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.78	−0.124%	$89.5M	$462.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.70	−0.151%	$25.6M	$110.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.40	−0.247%	$12.7M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.57	−0.192%	$107.0M	$138.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.52	−0.208%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.39	−0.250%	$34.7M	$53.2M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.62	−1.139%	$34K	$299K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	310.29	−0.604%	$511K	$966K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.66	−1.124%	$46K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	311.51	−0.211%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.29	−0.602%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.11	−0.340%	$128K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.12	−0.336%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	311.76	−0.131%	$1K	$692K	5x	as long as short
Polymarket Perps TAO-USD	+0.0144%	1h	310.73	−0.461%	$82K	$659K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0092%	1h	311.00	−0.373%	$432K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0169%	1h	311.61	−0.179%	$5.5M	$20.4M	50x	as long as short
Phemex TAOUSDT	+0.0174%	4h	311.13	−0.333%	$3.4M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0201%	4h	311.80	−0.118%	$1.3M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0210%	1h	311.40	−0.248%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0285%	1h	311.76	−0.131%	$368K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0302%	8h	311.61	−0.179%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	311.89	−0.090%	$98K	$562K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	+0.035%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0550%	1h	311.01	−0.370%	$761K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	309.20	−0.951%	$323K	$681K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0600%	1h	311.65	−0.168%	$24K	$1.5M	25x	as long as short
01 Exchange TAOUSDlong	+0.0640%	1h	312.17	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	310.94	−0.393%	$358	—	20x	as long as short
BingX TAO-USDT	+0.0708%	4h	311.68	−0.157%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0748%	4h	309.04	−1.004%	$5.3M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0761%	4h	311.99	−0.058%	$64.7M	$136.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0853%	1h	312.28	+0.035%	$316K	$814K	10x	as long as short
Extended TAO-USD	+0.0904%	1h	311.65	−0.167%	$893K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	312.15	−0.006%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	311.70	−0.149%	$445K	$621K	5x	as long as short
Hyperliquid TAOshort	+0.1200%	1h	311.97	−0.063%	$98.3M	$94.3M	5x
Lighter TAO	+0.1416%	1h	311.79	−0.120%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−0.981%	$164K	$40K	10x	as long as short