Funding you earn now, next payment 00:00 UTC+0.1600%/8h= +175.2% APRpaid last 24h +0.180%
Price spread now: Hyperliquid against edgeX−0.762%66s7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 3 days (all we have)+0.485%+$48 · spread now −0.762%, 7d avg +0.073%
=Together, before fees+0.883%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$88 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.834% cheaper against edgeX than usual: you would sell low and buy high (spread −0.762% now, against its 7-day average of +0.073%). If the spread goes back, that is −$83 on $10k: about 42 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+0.398% in total) that is about 15 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.398% in total (about 20.7% 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 | edgeX TAOUSDC | 313.93 | 0.0100 | pay 0.0050% / 4h | 24m 18s | $41K | $279K | 10x |
| Short | Hyperliquid TAO | 311.54 | 0.1700 | get 0.0213% / 1h | 24m 18s | $97.2M | $83.8M | 5x |
edgeX TAOUSDC
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $336.02
- Price spread: −0.762% → +0.073%
- −$83.44
- Slippage, 4 orders
- −$24.4
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $210.18
- Costs to cover
- 0.424%
- Break-even
- 2.6 days
Slippage from edgeX: live order book, 53 min ago; Hyperliquid: live order book, 10 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 edgeX live order book, 53 min ago | 6.54 bp | 11.0 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.32 bp | 5.4 bp −$5 | 7.2 bp −$72 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.4493% | 1h | 315.57 | +0.522% | $169K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 311.08 | −0.908% | $124K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.88 | −0.971% | $20K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.325% | $23K | $361 | 12x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0047% | 1h | 310.44 | −1.113% | $20K | $1.5M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.12 | −0.895% | $35K | $564K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.50 | −0.774% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.03 | −0.923% | $88.2M | $427.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 310.96 | −0.946% | $61.0M | $125.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.70 | −1.029% | $25.0M | $100.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 310.90 | −0.965% | $12.4M | $50.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.01 | −0.930% | $109.6M | $130.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.08 | −0.908% | $18.4M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.28 | −1.163% | $34.6M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.03 | −0.924% | — | $30.3M | — | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 313.93 | long leg | $41K | $279K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.92 | −0.004% | $521K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.77 | −0.051% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.22 | −0.864% | $76K | $476K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.09 | −0.905% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 310.69 | −1.032% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.68 | −1.036% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.10 | −0.902% | $127K | $408K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 310.69 | −1.032% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.75 | −1.013% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 311.04 | −0.921% | $3K | $555K | 5x | as long as short |
| Aster TAOUSDT | +0.0178% | 4h | 311.07 | −0.913% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 311.76 | −0.692% | $82K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0188% | 8h | 311.45 | −0.791% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0199% | 4h | 312.46 | −0.469% | $4.0M | $7.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.00 | −0.615% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0453% | 1h | 310.44 | −1.113% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0459% | 1h | 311.01 | −0.931% | $818K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0474% / S −0.0175% | 1h | 310.80 | −0.996% | $446K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0519% | 1h | 312.01 | −0.612% | $291K | $804K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 314.20 | +0.086% | $329K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 311.27 | −0.848% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.11 | −0.899% | $358 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 310.43 | −1.114% | $855K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.04 | −0.284% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1224% | 1h | 312.21 | −0.548% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 311.19 | −0.875% | $433K | $567K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1700% | 1h | 311.54 | −0.762% | $97.2M | $83.8M | 5x |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC