TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0377%/8h= +41.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.223%

Price spread now: Hyperliquid against ApeX Omni+0.320%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 4 days (all we have)−1.101%−$110 · spread now +0.320%, 7d avg +0.058%

Together, before fees−0.692%+ Points / potential airdropHyperliquid: Season 2 · farm board−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.262% dearer against ApeX Omni than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	312.73	0.0100	pay 0.0013% / 1h	26m 38s	$45K	$255K	50x
Short	Hyperliquid TAO	313.73	0.0477	get 0.0060% / 1h	26m 38s	$91.9M	$109.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now +0.320%Rate

Funding earned: $79.21
Price spread: +0.320% → +0.058%: $26.22
Slippage, 4 orders: −$24.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $61.48
Costs to cover: 0.440%
Break-even: 1.6 days

Slippage from ApeX Omni: live order book, 5 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 ApeX Omni live order book, 5 min ago	5.60 bp	12.7 bp −$13	109.8 bp −$1,098	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.11 bp	9.4 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.11	+0.122%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.72	+0.317%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.71	+0.313%	$68.5M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.60	+0.278%	$26.1M	$128.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	+0.771%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.30	+0.182%	$14.9M	$49.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.61	+0.281%	$17.4M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.25	+0.166%	$35.3M	$56.8M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	−0.073%	$535K	$833K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	312.73	long leg	$45K	$255K	50x

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	313.46	+0.233%	$86K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.66	+0.297%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.36	+0.201%	$115K	$587K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.82	+0.349%	$3.1M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	313.51	+0.249%	$1K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	312.50	−0.073%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0136%	4h	313.67	+0.301%	$105.6M	$152.6M	300x	as long as short
BingX TAO-USDT	+0.0136%	4h	313.51	+0.249%	—	$38.7M	—	as long as short
Binance TAOUSDT	+0.0136%	4h	313.74	+0.324%	$91.6M	$524.5M	75x	as long as short
edgeX TAOUSDC	+0.0140%	4h	312.92	+0.059%	$41K	$322K	10x	as long as short
dYdX TAO-USD	+0.0187%	1h	313.47	+0.237%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0219%	4h	313.82	+0.349%	$53K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	313.69	+0.307%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0253%	1h	313.91	+0.377%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0303%	4h	313.68	+0.304%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	313.66	+0.299%	$362K	$445K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	313.39	+0.210%	$887K	$2.3M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	313.47	+0.238%	$368K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	313.84	+0.355%	$4.8M	$10.7M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	313.80	+0.342%	$99K	$360K	5x	as long as short
Hyperliquid TAOshort	+0.0477%	1h	313.73	+0.320%	$91.9M	$109.4M	5x
Nado TAO-PERP	+0.0489%	1h	313.73	+0.321%	$758K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	313.60	+0.278%	$315K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	314.01	+0.409%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0593%	4h	312.65	−0.024%	$5.5M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0603%	1h	313.78	+0.334%	$11K	$1.9M	25x	as long as short
Lighter TAO	+0.0640%	1h	313.84	+0.354%	$1.6M	$6.7M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0683%	1h	313.93	+0.384%	$309K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	313.69	+0.306%	$361	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0793%	1h	313.88	+0.367%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	313.49	+0.243%	$446K	$688K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	314.22	+0.476%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+1.759%	$23K	$2K	12x	as long as short