Funding you earn now, next payment 23:00 UTC−0.0978%/8h= −107.1% APRnext payment −$1.22 per $10,000 · paid last 24h −0.168%
Price spread now: Arcus against Hyperliquid−0.101%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 3 days (all we have)−0.282%−$28 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.101%, 7d avg −0.008%
=Together, before fees−0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Arcus is 0.094% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.282% in total (about -30.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.22 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 | Hyperliquid TAO | 306.65 | 0.1078 | pay 0.0135% / 1h | 19m 34s | $93.3M | $80.6M | 5x |
| Short | Arcus TAO-USD | 306.34 | 0.0100 | get 0.0013% / 1h | 19m 34s | $79K | $643K | 5x |
Hyperliquid TAO
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Hyperliquid. 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
- −$205.42
- Price spread: −0.101% → −0.008%
- −$9.38
- Slippage, 4 orders
- −$28.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$257.12
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Arcus: live order book, 64 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 Hyperliquid live order book, 4 min ago | 1.47 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 64 min ago | 4.70 bp | 9.7 bp −$10 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 306.28 | −0.121% | $26K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0016% | 1h | 306.13 | −0.170% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.15 | −0.163% | $44K | $539K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.05 | −0.196% | $85.6M | $414.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.22 | −0.141% | $59.2M | $121.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.10 | −0.180% | $24.6M | $95.6M | 50x | as long as short |
| Arcus TAO-USDshort | +0.0100% | 1h | 306.34 | −0.101% | $79K | $643K | 5x | |
| Bulk TAO-USD | +0.0100% | 1h | 302.77 | −1.266% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 306.00 | −0.212% | $12.2M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 306.13 | −0.170% | $113.8M | $125.7M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.21 | −0.144% | $18.3M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.00 | −0.212% | $34.2M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.04 | −0.199% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.18 | −0.154% | $40K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 306.70 | +0.017% | $507K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.22 | −0.141% | $75K | $566K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.29 | −0.116% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.21 | −0.144% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.17 | −0.157% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.36 | −0.095% | $122K | $367K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 306.15 | −0.163% | $3.2M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0102% | 1h | 306.21 | −0.144% | $46K | $270K | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.41 | −0.079% | $168K | $998 | 3x | as long as short |
| Variational Omni TAO | +0.0105% | 4h | 305.97 | −0.223% | $3.7M | $6.7M | — | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 306.09 | −0.183% | $1K | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0126% | 4h | 306.14 | −0.167% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0157% | 8h | 306.14 | −0.168% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 306.23 | −0.136% | $362K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.24 | −0.134% | $437K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0210% | 1h | 306.30 | −0.114% | $20K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0315% | 1h | 306.10 | −0.180% | $826K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 307.02 | +0.120% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAO | +0.0408% | 1h | 306.23 | −0.136% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 306.31 | −0.111% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0464% | 1h | 306.38 | −0.088% | $295K | $799K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 306.60 | −0.017% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 306.04 | −0.198% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0792% | 1h | 305.95 | −0.229% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 307.01 | +0.117% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1031% | 1h | 306.26 | −0.127% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAOlong | +0.1078% | 1h | 306.65 | long leg | $93.3M | $80.6M | 5x | |
| RISEx TAO/USDC | +0.1155% | 1h | 306.23 | −0.139% | $417K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.678% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
ApeX Omni TAOUSDT
Aevo TAO-PERP
Variational Omni TAO
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BloFin TAO-USDT
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