Funding you earn now, next payment 23:00 UTC+0.0978%/8h= +107.1% APRnext payment +$1.22 per $10,000 · paid last 24h +0.168%
Price spread now: Hyperliquid against Arcus+0.102%7-day average +0.008% · 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−$33as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 3 days (all we have)+0.282%+$28 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.102%, 7d avg +0.008%
=Together, before fees+0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.094% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.008%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.282% in total (about 30.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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 | Arcus TAO-USD | 306.34 | 0.0100 | pay 0.0013% / 1h | 19m 42s | $79K | $643K | 5x |
| Short | Hyperliquid TAO | 306.65 | 0.1078 | get 0.0135% / 1h | 19m 42s | $93.3M | $80.6M | 5x |
Arcus TAO-USD
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Arcus. 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
- $205.42
- Price spread: +0.102% → +0.008%
- $9.39
- Slippage, 4 orders
- −$28.82
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $172.49
- Costs to cover
- 0.423%
- Break-even
- 1.1 days
Slippage from Arcus: live order book, 64 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 Arcus live order book, 64 min ago | 4.70 bp | 15.8 bp −$16 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.47 bp | 8.5 bp −$8 | 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 −0.0007% | 1h | 306.28 | −0.019% | $26K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0016% | 1h | 306.13 | −0.069% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.29 | −0.016% | $44K | $539K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.08 | −0.084% | $85.6M | $414.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.20 | −0.046% | $59.2M | $121.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.90 | −0.144% | $24.6M | $95.5M | 50x | as long as short |
| Arcus TAO-USDlong | +0.0100% | 1h | 306.34 | long leg | $79K | $643K | 5x | |
| Bulk TAO-USD | +0.0100% | 1h | 302.77 | −1.165% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 306.20 | −0.046% | $12.2M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 306.13 | −0.069% | $113.8M | $125.7M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk 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 | 306.21 | −0.042% | $18.3M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.86 | −0.157% | $34.1M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.27 | −0.023% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.93 | −0.787% | $39K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.26 | −0.680% | $503K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.42 | +0.026% | $75K | $567K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.29 | −0.015% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.21 | −0.042% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.17 | −0.055% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.36 | +0.007% | $122K | $367K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 306.15 | −0.062% | $3.2M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0103% | 1h | 303.74 | −0.849% | $46K | $269K | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.41 | +0.023% | $168K | $998 | 3x | as long as short |
| Variational Omni TAO | +0.0105% | 4h | 305.97 | −0.122% | $3.7M | $6.7M | — | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 306.31 | −0.010% | $1K | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0126% | 4h | 306.19 | −0.049% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0157% | 8h | 306.14 | −0.066% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 306.23 | −0.035% | $362K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.24 | −0.033% | $437K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0210% | 1h | 306.30 | −0.012% | $20K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0312% | 1h | 306.28 | −0.020% | $826K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 307.02 | +0.222% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAO | +0.0408% | 1h | 306.23 | −0.035% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 306.46 | +0.039% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0464% | 1h | 306.38 | +0.013% | $295K | $799K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 303.80 | −0.829% | $322K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 306.18 | −0.052% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0792% | 1h | 306.32 | −0.007% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 307.01 | +0.219% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1031% | 1h | 306.26 | −0.025% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAOshort | +0.1078% | 1h | 306.65 | +0.102% | $93.3M | $80.6M | 5x | |
| RISEx TAO/USDC | +0.1155% | 1h | 306.45 | +0.038% | $417K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.780% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
ApeX Omni TAOUSDT
Aevo TAO-PERP
Variational Omni TAO
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
01 Exchange TAOUSD
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