Funding you earn now, next payment 06:00 UTC+0.0226%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.018%
Price spread now: Coinbase International against Hyperliquid+0.429%49s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.429%, 7d avg +0.097%
=Together, before fees−0.094%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.332% dearer against Hyperliquid than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.097%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TAO | 323.84 | 0.0718 | pay 0.0090% / 1h | 56m 28s | $95.8M | $110.0M | 5x |
| Short | Coinbase International TAO-PERP-INTX | 325.23 | 0.0944 | get 0.0118% / 1h | 56m 28s | $1.5M | $6.9M | 50x |
Hyperliquid TAO
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $47.48
- Price spread: +0.429% → +0.097%
- $33.21
- Slippage, 4 orders
- −$27.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $34.43
- Costs to cover
- 0.463%
- Break-even
- 1.9 days
Slippage from Hyperliquid: live order book, 7 min ago; Coinbase International: 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, 7 min ago | 1.08 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 10.14 bp | 15.1 bp −$15 | 18.7 bp −$187 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1440% | 1h | 322.10 | −0.539% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.64 | −0.063% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 324.11 | +0.082% | $21K | — | 150x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.50 | −0.105% | $26.9M | $129.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.60 | −0.074% | $14.3M | $51.1M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.77 | −0.022% | $17.7M | $31.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.28 | −0.173% | $36.4M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.46 | −0.117% | $76K | $991K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 324.16 | +0.099% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.88 | +0.012% | $118K | $582K | 20x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 323.88 | +0.012% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 323.66 | −0.056% | $3K | $969K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 324.16 | +0.099% | $54K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 324.41 | +0.178% | $178K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0124% / S +0.0144% | 1h | 324.13 | +0.091% | $433K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0156% | 4h | 324.58 | +0.230% | $43K | $315K | 10x | as long as short |
| MEXC TAO_USDT | +0.0156% | 4h | 323.37 | −0.145% | $105.3M | $148.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 323.71 | −0.040% | $94.2M | $520.9M | 75x | as long as short |
| Popdex TAOUSDT | +0.0200% | 1h | 323.70 | −0.043% | $42K | $688K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0274% | 8h | 323.79 | −0.014% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0313% | 4h | 323.79 | −0.015% | $1.4M | $10.8M | 50x | as long as short |
| Bybit TAOUSDT | +0.0366% | 4h | 323.72 | −0.037% | $70.8M | $155.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0382% | 4h | 323.86 | +0.006% | — | $34.2M | — | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 324.59 | +0.232% | $4.7M | $11.3M | 100x | as long as short |
| Bullet TAO-USD | +0.0412% | 1h | 324.64 | +0.248% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0476% | 4h | 323.22 | −0.190% | $551K | $948K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 323.75 | −0.028% | $922K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0509% | 4h | 323.35 | −0.153% | $5.7M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0513% | 1h | 324.40 | +0.173% | $323K | $709K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0520% | 1h | 323.91 | +0.022% | $47K | $258K | 50x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 323.89 | +0.015% | $368K | $422K | 10x | as long as short |
| Nado TAO-PERP | +0.0550% | 1h | 323.55 | −0.089% | $819K | $2.2M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0590% | 1h | 324.22 | +0.117% | $18K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 324.07 | +0.071% | $104K | $384K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 323.46 | −0.116% | $372 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0700% | 1h | 324.27 | +0.133% | $323K | $897K | 10x | as long as short |
| Hyperliquid TAOlong | +0.0718% | 1h | 323.84 | long leg | $95.8M | $110.0M | 5x | |
| 01 Exchange TAOUSD | +0.0752% | 1h | 323.85 | +0.003% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0944% | 1h | 325.23 | +0.429% | $1.5M | $6.9M | 50x | |
| RISEx TAO/USDC | +0.1077% | 1h | 323.77 | −0.023% | $464K | $652K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1138% | 1h | 324.32 | +0.147% | $6.1M | $21.6M | 50x | as long as short |
| Lighter TAO | +0.1160% | 1h | 324.18 | +0.106% | $1.6M | $6.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.62 | −0.068% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Popdex TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
BloFin TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Phoenix TAO
ApeX Omni TAOUSDT
Pacifica TAO
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Lighter TAO
Injective TAO/USDC PERP