TAO

Alert

Funding spread now, next payment 17:00 UTC+0.0844%/8h

next payment, per $10,000+$1.06paid, last 24h+0.107%paid, last 7 days+0.460%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.460% in total (about 24.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 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	Deribit TAO_USDC-PERPETUAL	286.45	0.0110	pay 0.0014% / 1h	18m 38s	$49K	$919K	25x
Short	Hyperliquid TAO	287.20	0.0954	get 0.0119% / 1h	18m 38s	$79.8M	$52.4M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee HyperliquidbpOrdersRate

Funding earned: $177.25
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $161.25
Break-even: 0.6 days

Slippage unknown: Deribit: live order book, 27 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.263%
Avg gap 7d: +0.057%

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 Deribit live order book, 27 min ago	11.67 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.73 bp	11.6 bp −$12	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
Bulk TAO-USD	−0.1622%	1h	$151K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	$9K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0047%	1h	$5.2M	$13.8M	50x	as long as short
Bitget TAOUSDT	+0.0076%	4h	$32.3M	$36.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$50K	$449K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$2K	$323K	5x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$5.0M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$331K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$79.9M	$325.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$51.8M	$85.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.1M	$67.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$123K	$569K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.3M	$44.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$104.1M	$105.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$18.1M	$19.8M	75x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$27.9M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$328K	$435K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.4M	$4.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$38K	$293K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$265K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$76K	$1.0M	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	$52K	$173K	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	$117K	$318K	20x	as long as short
Extended TAO-USD	+0.0104%	1h	$774K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$157K	$998	3x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0110%	1h	$49K	$919K	25x
Paradex TAO-USD-PERP	+0.0118%	8h	$13K	$376	10x	as long as short
dYdX TAO-USD	+0.0168%	1h	$73K	$43K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0112%	1h	$451K	—	100x	as long as short
Phoenix TAO	+0.0332%	1h	$308K	$157K	5x	as long as short
Nado TAO-PERP	+0.0335%	1h	$1.1M	$1.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$6.8M	100x	as long as short
Phemex TAOUSDT	+0.0418%	4h	$3.0M	$7.3M	50x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	$3K	$4K	5x	as long as short
RISEx TAO/USDC	+0.0553%	1h	$332K	$421K	5x	as long as short
Lighter TAO	+0.0592%	1h	$1.4M	$1.9M	5x	as long as short
Reya TAORUSDPERP	+0.0692%	1h	$329	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0920%	1h	$1.4M	$4.0M	50x	as long as short
Hyperliquid TAOshort	+0.0954%	1h	$79.8M	$52.4M	5x
Injective TAO/USDC PERP	+0.3912%	1h	$21K	$87K	12x	as long as short