data as of
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TAO

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Funding spread now, next payment 15:00 UTC+0.0365%/8h
next payment, per $10,000+$0.46paid, last 24h+0.082%paid, last 7 days+0.263%to open and close $10k−$27
Long on BackpackShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TAO_USDC_PERP285.820.0100pay 0.0013% / 1h57m 20s$285K$274K10x
ShortHyperliquid TAO285.960.0465get 0.0058% / 1h57m 20s$75.9M$46.5M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$76.69
Slippage, 4 orders
−$7.96
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$49.73
Break-even
2.5 days
Slippage from Backpack: live order book, 63 min ago; Hyperliquid: live order book, 8 min ago.

Price risk

price view
Price gap now
+0.049%
Avg gap 7d
+0.040%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 63 min ago2.09 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago0.70 bp5.5 bp −$69.3 bp −$93doesn't fitdoesn't fit

TAO on 41 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX TAO-USD0.0000%1h$73K$54K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0011%1h$17K—150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0072%1h$24K$885K25xas long as short
Popdex TAOUSDT+0.0096%1h$39K$443K20xas long as short
Katana Perps TAO-USD+0.0100%8h$584$257K5xas long as short
Pacifica TAO+0.0100%1h$334K$383K10xas long as short
Binance TAOUSDT+0.0100%4h$80.9M$305.0M75xas long as short
Bybit TAOUSDT+0.0100%4h$52.0M$79.9M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h$23.1M$64.5M50xas long as short
Arcus TAO-USD+0.0100%1h$125K$559K5xas long as short
Show all 41 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD+0.0100%1h$150K$010xas long as short
Gate TAO_USDT+0.0100%4h$11.3M$43.8M50xas long as short
MEXC TAO_USDT+0.0100%4h$109.1M$91.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$17.3M$17.6M75xas long as short
Bitget TAOUSDT+0.0100%4h$32.1M$33.7M50xas long as short
BingX TAO-USDT+0.0100%4h—$27.7M—as long as short
Backpack TAO_USDC_PERPlong+0.0100%1h$285K$274K10x
Variational Omni TAO+0.0100%4h$3.3M$4.4M—as long as short
edgeX TAOUSDC+0.0100%4h$32K$283K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$44K$266K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$73K$1.1M5xas long as short
Bullet TAO-USD+0.0100%1h$10K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$52K$145K10xas long as short
SunX TAO-USDT+0.0100%4h$2K$1.5M20xas long as short
HTX TAO-USDT+0.0100%4h$118K$301K20xas long as short
Phemex TAOUSDT+0.0100%4h$3.0M$7.8M50xas long as short
Extended TAO-USD+0.0104%1h$799K$1.2M25xas long as short
Aevo TAO-PERP+0.0104%1h$157K$9983xas long as short
Paradex TAO-USD-PERP+0.0105%8h$13K$37610xas long as short
Aster TAOUSDT+0.0270%4h$2.1M$4.6M50xas long as short
BloFin TAO-USDT+0.0340%4h$4.1M$6.9M100xas long as short
Nado TAO-PERP+0.0343%1h$1.1M$1.1M10xas long as short
Lighter TAO+0.0368%1h$1.3M$1.8M5xas long as short
Phoenix TAO+0.0417%1h$306K$134K5xas long as short
Kraken Futures PF_TAOUSD+0.0447%1h$5.5M$12.8M50xas long as short
Hyperliquid TAOshort+0.0465%1h$75.9M$46.5M5x
GMX TAO/USD [WBTC.b-USDC]L +0.0472% / S −0.0193%1h$426K—100xas long as short
RISEx TAO/USDC+0.0556%1h$323K$393K5xas long as short
Reya TAORUSDPERP+0.0691%1h$328—20xas long as short
Coinbase International TAO-PERP-INTX+0.1000%1h$1.5M$4.2M50xas long as short
Injective TAO/USDC PERP+0.1765%1h$21K$125K12xas long as short