Funding you earn now, next payment 23:00 UTC−0.0959%/8h= −105.0% APRpaid last 24h −0.125%
Price spread now: Aster against Hyperliquid−0.169%7-day average +0.031% · 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−$58as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 5 days (all we have)−0.148%−$15 on $10k
+Price spread, last 7 days+0.326%+$33 · spread now −0.169%, 7d avg +0.031%
=Together, before fees+0.178%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$18 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 Aster is 0.200% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.148% in total (about -10.2% 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 | Hyperliquid TAO | 304.03 | 0.1059 | pay 0.0132% / 1h | 31m 12s | $92.3M | $80.4M | 5x |
| Short | Aster TAOUSDT | 303.52 | 0.0100 | get 0.0050% / 4h | 1h 31m | $1.1M | $7.7M | 50x |
Hyperliquid TAO
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$201.38
- Price spread: −0.169% → +0.031%
- −$19.99
- Slippage, 4 orders
- −$20.81
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$259.18
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; Aster: live order book, 3 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, 13 min ago | 1.97 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 2.80 bp | 11.5 bp −$11 | 23.3 bp −$233 | 224.7 bp −$22.5K | 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 | −0.0186% | 1h | 303.81 | −0.072% | $162K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.58 | −0.148% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 303.35 | −0.222% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.76 | −0.089% | $44K | $536K | 20x | as long as short |
| Aster TAOUSDTshort | +0.0100% | 4h | 303.52 | −0.169% | $1.1M | $7.7M | 50x | |
| Binance TAOUSDT | +0.0100% | 4h | 302.96 | −0.351% | $84.7M | $413.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 302.84 | −0.391% | $58.5M | $121.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 302.70 | −0.437% | $24.4M | $95.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.94 | −0.030% | $79K | $643K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.50 | −0.174% | $12.1M | $48.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
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 | 303.62 | −0.135% | $110.6M | $125.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.65 | −0.125% | $18.5M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.09 | −0.309% | $33.8M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.65 | −0.125% | — | $30.3M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.56 | −0.155% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.27 | −0.251% | $39K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 302.58 | −0.476% | $500K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 303.45 | −0.191% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.79 | −0.079% | $74K | $595K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.73 | −0.099% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.18 | −0.280% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.09 | −0.309% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.21 | −0.270% | $121K | $365K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 302.71 | −0.434% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.34 | −0.229% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 303.64 | −0.128% | $3K | $494K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.80 | −0.075% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.92 | −0.036% | $359K | $371K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 303.42 | −0.200% | $433K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0192% | 1h | 303.19 | −0.277% | $21K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.24 | −0.260% | $4.2M | $9.3M | 100x | as long as short |
| Nado TAO-PERP | +0.0341% | 1h | 303.85 | −0.060% | $820K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0360% | 1h | 303.13 | −0.296% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0392% | 1h | 303.93 | −0.033% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0433% | 1h | 303.90 | −0.043% | $378K | $757K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 304.00 | −0.010% | $322K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.63 | −0.130% | $349 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 303.17 | −0.283% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 304.00 | −0.010% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1042% | 1h | 303.14 | −0.292% | $5.7M | $19.7M | 50x | as long as short |
| Hyperliquid TAOlong | +0.1059% | 1h | 304.03 | long leg | $92.3M | $80.4M | 5x | |
| RISEx TAO/USDC | +0.1155% | 1h | 303.92 | −0.036% | $411K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.546% | $22K | $264 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
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
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Nado TAO-PERP
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