TAO

Alert

Funding spread now, next payment 18:00 UTC−0.0493%/8h

next payment, per $10,000−$0.62paid, last 24h−0.068%paid, last 7 days−0.208%to open and close $10k−$44

Long on Coinbase International Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.208% in total (about -10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 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	Coinbase International TAO-PERP-INTX	283.60	0.0896	pay 0.0112% / 1h	30m 05s	$1.4M	$3.7M	50x
Short	Hyperliquid TAO	282.79	0.0403	get 0.0050% / 1h	30m 05s	$77.6M	$53.4M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersRate

Funding earned: −$103.55
Slippage, 4 orders: −$24.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$147.07
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Hyperliquid: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.287%
Avg gap 7d: −0.088%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 5 min ago	9.18 bp	14.6 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.24 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TAOUSD	−0.0384%	1h	$5.1M	$13.6M	50x	as long as short
Bulk TAO-USD	−0.0265%	1h	$184K	$36K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	$72K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0015%	1h	$21K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0009%	1h	$33K	$955K	25x	as long as short
Lighter TAO	+0.0096%	1h	$1.3M	$2.1M	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$40K	$455K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$901	$310K	5x	as long as short
Nado TAO-PERP	+0.0100%	1h	$992K	$1.2M	10x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.7M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica TAO	+0.0100%	1h	$327K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$75.8M	$323.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$48.9M	$84.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$22.3M	$66.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$124K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.1M	$43.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$101.3M	$103.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$16.7M	$19.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$31.8M	$35.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.8M	—	as long as short
Variational Omni TAO	+0.0100%	4h	$2.8M	$5.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$37K	$272K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$80K	$589K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$55K	$196K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$2K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$116K	$323K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0102%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$754K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$155K	$998	3x	as long as short
01 Exchange TAOUSD	+0.0296%	1h	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$3.9M	$7.0M	100x	as long as short
Hyperliquid TAOshort	+0.0403%	1h	$77.6M	$53.4M	5x
Phoenix TAO	+0.0456%	1h	$300K	$160K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0457%	1h	$395K	$500K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0199%	1h	$430K	—	100x	as long as short
RISEx TAO/USDC	+0.0633%	1h	$316K	$441K	5x	as long as short
Reya TAORUSDPERP	+0.0693%	1h	$325	—	20x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0896%	1h	$1.4M	$3.7M	50x
Injective TAO/USDC PERP	+0.3836%	1h	$21K	$59K	12x	as long as short