TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.2912%/8h= +318.9% APRnext payment +$3.64 per $10,000 · paid last 24h +0.442%

Price spread now: Injective against Hyperliquid+0.681%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.063%+$306 on $10k

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 for this trade now. Funding pays +$87 a day on $10k at the current rate, and Injective is 0.681% dearer against Hyperliquid than usual: you sell high and buy low: +$68 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TAO	315.51	0.0799	pay 0.0100% / 1h	34m 39s	$92.2M	$108.8M	5x
Short	Injective TAO/USDC PERP	317.66	0.3711	get 0.0464% / 1h	34m 39s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.681%Rate

Funding earned: $611.62
Price spread: +0.681% → 0.000%: $68.14
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $670.75
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: 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, 9 min ago	0.48 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	315.73	+0.069%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0039%	1h	314.72	−0.250%	$125K	$85K	5x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.15	+0.203%	$647	$904K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.80	−0.225%	$90.3M	$507.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.225%	$26.4M	$122.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.32	−0.377%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.098%	$13.9M	$50.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.86	−0.206%	$107.7M	$145.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.76	−0.238%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.03	−0.152%	$35.4M	$57.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	313.69	−0.578%	$41K	$315K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.99	+0.152%	$90K	$919K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.52	+0.003%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.64	+0.041%	$111K	$553K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.98	+0.149%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.05	+0.171%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	316.14	+0.200%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0130% / S +0.0139%	1h	315.69	+0.058%	$423K	—	100x	as long as short
Aster TAOUSDT	+0.0199%	4h	315.24	−0.086%	$1.3M	$10.6M	50x	as long as short
Popdex TAOUSDT	+0.0208%	1h	316.23	+0.228%	$50K	$664K	20x	as long as short
Pacifica TAO	+0.0233%	1h	315.03	−0.154%	$359K	$419K	10x	as long as short
Nado TAO-PERP	+0.0236%	1h	316.06	+0.175%	$780K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	315.10	−0.130%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0301%	1h	316.14	+0.199%	$5.9M	$21.4M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0306%	4h	313.96	−0.491%	$533K	$935K	10x	as long as short
ApeX Omni TAOUSDT	+0.0338%	1h	313.52	−0.631%	$44K	$257K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.94	+0.136%	$4.6M	$11.0M	100x	as long as short
Bullet TAO-USD	+0.0342%	1h	316.13	+0.195%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0426%	4h	315.58	+0.022%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0431%	4h	314.95	−0.179%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0456%	1h	315.50	−0.004%	$904K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0462%	4h	314.89	−0.197%	$68.3M	$152.2M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	316.35	+0.266%	$102K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	−0.479%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0626%	1h	316.08	+0.179%	$10K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	316.24	+0.232%	$364	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	316.66	+0.364%	$3K	$4K	5x	as long as short
Hyperliquid TAOlong	+0.0799%	1h	315.51	long leg	$92.2M	$108.8M	5x
Lighter TAO	+0.0832%	1h	315.20	−0.098%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0840%	1h	315.92	+0.130%	$312K	$889K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	316.93	+0.450%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	316.07	+0.179%	$459K	$651K	5x	as long as short
Injective TAO/USDC PERPshort	+0.3711%	1h	317.66	+0.681%	$23K	$2K	12x