Funding you earn now, next payment 11:00 UTC−0.0340%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.244%
Price spread now: GMX against Hyperliquid−0.077%56s7-day average −0.105% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.304%−$30 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.077%, 7d avg −0.105%
=Together, before fees−0.135%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.028% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.077% now, against its 7-day average of −0.105%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 56 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 | 317.46 | 0.0447 | pay 0.0056% / 1h | 54m 16s | $95.6M | $107.0M | 5x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 317.22 | L +0.0360% / S −0.0107% | get 0.0013% / 1h | 54m 16s | $373K | — | 100x |
Hyperliquid TAO
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$71.33
- Price spread: −0.077% → −0.105%
- $2.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$89.54
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 13 min ago; GMX: 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, 13 min ago | 0.79 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 exchanges
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 −0.0003% | 1h | 316.99 | −0.147% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.34 | −0.038% | $50K | $630K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.30 | −0.050% | $26.9M | $128.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.10 | −0.113% | $15.8M | $47.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.12 | −0.107% | $17.6M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.04 | −0.132% | $35.9M | $56.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.54 | +0.655% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.01 | −0.142% | $81K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.14 | −0.101% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.28 | −0.057% | $113K | $563K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 317.28 | −0.057% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0104% | 8h | 317.22 | −0.076% | $895 | $1.3M | 5x | as long as short |
| Bybit TAOUSDT | +0.0106% | 4h | 317.37 | −0.028% | $69.5M | $155.5M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 317.35 | −0.033% | $174K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0146% | 4h | 317.32 | −0.044% | $103.6M | $146.9M | 300x | as long as short |
| Binance TAOUSDT | +0.0146% | 4h | 317.43 | −0.009% | $93.3M | $511.6M | 75x | as long as short |
| BingX TAO-USDT | +0.0152% | 4h | 317.31 | −0.047% | — | $38.0M | — | as long as short |
| edgeX TAOUSDC | +0.0153% | 4h | 318.61 | +0.362% | $42K | $322K | 10x | as long as short |
| Lighter TAO | +0.0208% | 1h | 317.38 | −0.025% | $1.6M | $6.6M | 5x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 317.20 | −0.081% | $953K | $2.1M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0208% | 8h | 317.18 | −0.087% | $14K | $876 | 10x | as long as short |
| Bullet TAO-USD | +0.0215% | 1h | 317.45 | −0.004% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 317.24 | −0.068% | $376K | $456K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0256% | 4h | 317.25 | −0.066% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0286% | 4h | 318.50 | +0.328% | $543K | $805K | 10x | as long as short |
| Aster TAOUSDT | +0.0314% | 4h | 317.31 | −0.047% | $1.2M | $11.2M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0360% / S −0.0107% | 1h | 317.22 | −0.077% | $373K | — | 100x | |
| Nado TAO-PERP | +0.0363% | 1h | 317.23 | −0.072% | $699K | $2.0M | 10x | as long as short |
| BloFin TAO-USDT | +0.0390% | 4h | 317.48 | +0.006% | $4.8M | $10.4M | 100x | as long as short |
| Variational Omni TAO | +0.0445% | 4h | 318.15 | +0.219% | $5.7M | $9.8M | — | as long as short |
| Hyperliquid TAOlong | +0.0447% | 1h | 317.46 | long leg | $95.6M | $107.0M | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0461% | 1h | 317.27 | −0.061% | $15K | $1.9M | 25x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.60 | +0.674% | $321K | $710K | 5x | as long as short |
| dYdX TAO-USD | +0.0568% | 1h | 316.92 | −0.170% | $267K | $230K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0595% | 1h | 317.57 | +0.035% | $298K | $1.1M | 10x | as long as short |
| Arcus TAO-USD | +0.0610% | 1h | 317.68 | +0.069% | $100K | $311K | 5x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 317.29 | −0.053% | $431K | $683K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 317.47 | +0.003% | $1.1M | $7.6M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0696% | 1h | 317.54 | +0.025% | $3K | $2K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 317.36 | −0.030% | $365 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0807% | 1h | 318.75 | +0.406% | $169K | $0 | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0928% | 1h | 317.41 | −0.016% | $6.2M | $19.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4405% | 1h | 322.67 | +1.641% | $23K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Bybit TAOUSDT
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
Lighter TAO
Extended TAO-USD
Paradex TAO-USD-PERP
Bullet TAO-USD
Pacifica TAO
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Aster TAOUSDT
Nado TAO-PERP
BloFin TAO-USDT
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
dYdX TAO-USD
Backpack TAO_USDC_PERP
Arcus TAO-USD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Reya TAORUSDPERP
Bulk TAO-USD
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP