Funding you earn now, next payment 00:00 UTC+0.1184%/8h= +129.6% APRnext payment +$1.48 per $10,000 · paid last 24h +0.082%
Price spread now: Hyperliquid against GMX+0.261%7-day average +0.086% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.058%−$6 on $10k
+Price spread, last 3 days (all we have)−0.329%−$33 · spread now +0.261%, 7d avg +0.086%
=Together, before fees−0.387%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Hyperliquid is 0.175% dearer against GMX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.086%. Mind the row above: over the last 3 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.058% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.48 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 | GMX TAO/USD [WBTC.b-USDC] | 312.42 | L +0.0476% / S −0.0175% | pay 0.0059% / 1h | 20m 43s | $448K | — | 100x |
| Short | Hyperliquid TAO | 313.23 | 0.1660 | get 0.0207% / 1h | 20m 43s | $97.6M | $84.2M | 5x |
GMX TAO/USD [WBTC.b-USDC]
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against GMX. 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
- $248.56
- Price spread: +0.261% → +0.086%
- $17.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $245.06
- Costs to cover
- 0.210%
- Break-even
- 0.1 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 0.96 bp | 5.5 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +1.010% | $169K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.35 | −0.022% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.41 | −0.003% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.811% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.87 | +0.145% | $37K | $564K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.76 | +0.110% | $370K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.41 | −0.002% | $88.6M | $427.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.45 | +0.011% | $61.5M | $125.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | −0.037% | $25.1M | $101.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.40 | −0.005% | $12.4M | $50.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 312.54 | +0.040% | $110.2M | $131.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.48 | +0.021% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.59 | +0.056% | $34.9M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.58 | +0.053% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.293% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.50 | +0.028% | $518K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.35 | −0.341% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.94 | +0.168% | $77K | $466K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.74 | +0.104% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.54 | +0.040% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.48 | +0.021% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.58 | +0.053% | $127K | $408K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.61 | +0.062% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.70 | +0.089% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.90 | +0.155% | $3K | $557K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0150% | 1h | 312.51 | +0.029% | $21K | $1.5M | 25x | as long as short |
| Aster TAOUSDT | +0.0181% | 4h | 312.47 | +0.018% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.04 | +0.200% | $83K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0192% | 8h | 312.74 | +0.103% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0218% | 4h | 312.89 | +0.153% | $3.9M | $7.1M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.70 | +0.091% | $4.4M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0446% | 1h | 312.68 | +0.085% | $823K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 312.57 | +0.049% | $5.7M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0476% / S −0.0175% | 1h | 312.42 | long leg | $448K | — | 100x | |
| Backpack TAO_USDC_PERP | +0.0521% | 1h | 312.60 | +0.059% | $292K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.50 | +0.027% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0600% | 1h | 313.16 | +0.238% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.73 | +0.101% | $360 | — | 20x | as long as short |
| Extended TAO-USD | +0.0856% | 1h | 312.52 | +0.034% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.273% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1232% | 1h | 313.33 | +0.292% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.95 | +0.172% | $435K | $567K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1660% | 1h | 313.23 | +0.261% | $97.6M | $84.2M | 5x |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
BloFin TAO-USDT
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC