TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0997%/8h= −109.2% APRnext payment −$1.25 per $10,000 · paid last 24h −0.168%

Price spread now: Bullet against Hyperliquid−0.222%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Bullet is 0.222% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TAO	306.52	0.1097	pay 0.0137% / 1h	13m 08s	$93.4M	$80.7M	5x
Short	Bullet TAO-USD	305.84	0.0100	get 0.0013% / 1h	13m 08s	$11K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BulletbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$209.36
Price spread: −0.222% → 0.000%: −$22.18
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$248.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Bullet: no order-book sample. 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 Hyperliquid live order book, 11 min ago	1.47 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.61	−0.296%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	305.66	−0.281%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.64	−0.287%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.98	−0.177%	$85.6M	$414.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.10	−0.137%	$59.2M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.00	−0.170%	$24.6M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.85	−0.219%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.223%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.80	−0.235%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.98	−0.176%	$113.8M	$125.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	305.97	−0.179%	$18.2M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.77	−0.245%	$34.1M	$45.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.97	−0.179%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.246%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.94	−0.190%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.70	−0.267%	$505K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.91	−0.199%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.70	−0.268%	$75K	$555K	5x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	305.84	−0.222%	$11K	$18K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	305.83	−0.225%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.51	−0.330%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.86	−0.215%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.88	−0.209%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.87	−0.213%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.69	−0.271%	$625	$505K	5x	as long as short
Aster TAOUSDT	+0.0117%	4h	305.79	−0.237%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	305.56	−0.314%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.74	−0.254%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.60	−0.302%	$436K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0321%	1h	305.91	−0.198%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0326%	1h	305.60	−0.301%	$825K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.71	−0.264%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	306.15	−0.119%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	305.79	−0.238%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0450%	1h	306.07	−0.147%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	−0.072%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.84	−0.222%	$352	—	20x	as long as short
Extended TAO-USD	+0.0720%	1h	305.94	−0.190%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.14	−0.124%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.97	−0.178%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAOlong	+0.1097%	1h	306.52	long leg	$93.4M	$80.7M	5x
RISEx TAO/USDC	+0.1155%	1h	305.80	−0.236%	$416K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.721%	$22K	$264	12x	as long as short