Funding you earn now, next payment 23:00 UTC+0.0955%/8h= +104.5% APRpaid last 24h +0.171%
Price spread now: Hyperliquid against Bitget+0.066%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 7 days−0.100%−$10 · spread now +0.066%, 7d avg +0.071%
=Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.306% in total (about 15.9% a year). A funding rate is set anew for every payment. 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 | Bitget TAOUSDT | 303.22 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $33.8M | $46.0M | 50x |
| Short | Hyperliquid TAO | 303.42 | 0.1055 | get 0.0132% / 1h | 30m 16s | $92.1M | $80.5M | 5x |
Bitget TAOUSDT
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $200.5
- Price spread: +0.066% → +0.071%
- −$0.51
- Slippage, 4 orders
- −$15.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $163.59
- Costs to cover
- 0.364%
- Break-even
- 1.3 days
Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.99 bp | 10.7 bp −$11 | 21.4 bp −$214 | 55.4 bp −$5,544 | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.49 bp | 6.9 bp −$7 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 302.58 | −0.210% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 302.95 | −0.089% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.04 | −0.059% | $45K | $537K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.29 | +0.023% | $1.1M | $7.7M | 50x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.33 | +0.037% | $84.8M | $413.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.53 | +0.102% | $58.7M | $121.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.50 | +0.092% | $24.4M | $95.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.29 | +0.023% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 303.38 | +0.051% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.00 | −0.073% | $12.1M | $48.8M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 303.45 | +0.076% | $110.9M | $125.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.02 | −0.066% | $18.4M | $27.2M | 75x | as long as short |
| Bitget TAOUSDTlong | +0.0100% | 4h | 303.22 | long leg | $33.8M | $46.0M | 50x | |
| BingX TAO-USDT | +0.0100% | 4h | 303.43 | +0.069% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.79 | +0.187% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.27 | +0.016% | $39K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 302.58 | −0.210% | $500K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 303.45 | +0.076% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.30 | +0.026% | $74K | $595K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.27 | +0.016% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.01 | −0.069% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 302.98 | −0.079% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.25 | +0.010% | $122K | $364K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.06 | −0.053% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.22 | −0.002% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 302.95 | −0.089% | $620 | $496K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0154% | 8h | 303.02 | −0.065% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.01 | −0.069% | $358K | $371K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 302.95 | −0.088% | $433K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0276% | 1h | 303.05 | −0.055% | $21K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.24 | +0.007% | $4.2M | $9.3M | 100x | as long as short |
| Nado TAO-PERP | +0.0344% | 1h | 302.91 | −0.101% | $817K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0376% | 1h | 303.37 | +0.049% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0392% | 1h | 303.21 | −0.003% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0435% | 1h | 303.53 | +0.102% | $378K | $756K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 304.00 | +0.257% | $322K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.07 | −0.050% | $349 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 303.05 | −0.055% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 303.21 | −0.003% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1042% | 1h | 303.09 | −0.044% | $5.7M | $19.7M | 50x | as long as short |
| Hyperliquid TAOshort | +0.1055% | 1h | 303.42 | +0.066% | $92.1M | $80.5M | 5x | |
| RISEx TAO/USDC | +0.1155% | 1h | 303.28 | +0.021% | $410K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.817% | $22K | $264 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
BingX TAO-USDT
Variational Omni TAO
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
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Nado TAO-PERP
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