data as of
Settings8H · net · $10k
Funding arb /

TAO

all TAO markets
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Funding spread now, next payment 14:00 UTC−0.0546%/8h
paid, last 24h−0.082%paid, last 7 days−0.224%to open and close $10k−$34
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TAO286.980.0646pay 0.0081% / 1h37m 54s$77.1M$44.4M5x
ShortBybit TAOUSDT286.760.0100get 0.0050% / 4h2h 37m$52.0M$76.5M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$114.75
Slippage, 4 orders
−$13.5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$148.26
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.076%
Avg gap 7d
−0.048%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 7 min ago0.17 bp8.4 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.17 bp8.3 bp −$815.9 bp −$15936.2 bp −$3,621doesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.0311%1h$150K$3K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0011%1h$17K150xas long as short
Gate TAO_USDT+0.0020%4h$11.3M$43.0M50xas long as short
dYdX TAO-USD+0.0047%1h$74K$54K5xas long as short
Popdex TAOUSDT+0.0096%1h$36K$438K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0098%1h$15K$859K25xas long as short
Pacifica TAO+0.0100%1h$345K$349K10xas long as short
Binance TAOUSDT+0.0100%4h$81.9M$295.7M75xas long as short
Bybit TAOUSDTshort+0.0100%4h$52.0M$76.5M50x
OKX TAO-USDT-SWAP+0.0100%8h$23.3M$63.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Arcus TAO-USD+0.0100%1h$137K$534K5xas long as short
MEXC TAO_USDT+0.0100%4h$114.6M$88.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$17.1M$17.0M75xas long as short
Bitget TAOUSDT+0.0100%4h$32.3M$33.1M50xas long as short
BingX TAO-USDT+0.0100%4h$27.3Mas long as short
Backpack TAO_USDC_PERP+0.0100%1h$290K$262K10xas long as short
Variational Omni TAO+0.0100%4h$3.4M$4.2Mas long as short
edgeX TAOUSDC+0.0100%4h$32K$282K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$45K$264K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$74K$1.2M5xas long as short
Bullet TAO-USD+0.0100%1h$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$52K$145K10xas long as short
SunX TAO-USDT+0.0100%4h$2K$1.5M20xas long as short
HTX TAO-USDT+0.0100%4h$119K$289K20xas long as short
Phemex TAOUSDT+0.0100%4h$3.0M$7.7M50xas long as short
Katana Perps TAO-USD+0.0100%8h$1K$241K5xas long as short
Paradex TAO-USD-PERP+0.0102%8h$13K$37610xas long as short
Extended TAO-USD+0.0104%1h$747K$1.0M25xas long as short
Aevo TAO-PERP+0.0104%1h$158K3xas long as short
Lighter TAO+0.0184%1h$1.3M$1.6M5xas long as short
01 Exchange TAOUSD+0.0280%1h$5K$4K5xas long as short
BloFin TAO-USDT+0.0340%4h$4.1M$6.7M100xas long as short
Nado TAO-PERP+0.0342%1h$1.1M$1.1M10xas long as short
Phoenix TAO+0.0417%1h$318K$134K5xas long as short
Kraken Futures PF_TAOUSD+0.0466%1h$5.4M$12.3M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0490% / S −0.0204%1h$440K100xas long as short
RISEx TAO/USDC+0.0523%1h$316K$385K5xas long as short
Aster TAOUSDT+0.0575%4h$2.1M$3.7M50xas long as short
Hyperliquid TAOlong+0.0646%1h$77.1M$44.4M5x
Reya TAORUSDPERP+0.0691%1h$32920xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h$1.5M$4.2M50xas long as short
Injective TAO/USDC PERP+0.1683%1h$21K$163K12xas long as short