Funding you earn now, next payment 22:00 UTC−0.1649%/8h= −180.6% APRnext payment −$2.06 per $10,000 · paid last 24h −0.150%
Price spread now: Pacifica against Hyperliquid−0.188%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.188%, 7d avg −0.073%
=Together, before fees−0.158%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and Pacifica is 0.114% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.274% in total (about -14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TAO | 309.30 | 0.1749 | pay 0.0219% / 1h | 21m 46s | $94.7M | $75.7M | 5x |
| Short | Pacifica TAO | 308.72 | 0.0100 | get 0.0013% / 1h | 21m 46s | $365K | $401K | 10x |
Hyperliquid TAO
Pacifica TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$346.26
- Price spread: −0.188% → −0.073%
- −$11.44
- Slippage, 4 orders
- −$15.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$389.83
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Pacifica: live order book, 2 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, 12 min ago | 1.46 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 2 min ago | 1.63 bp | 8.3 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 308.50 | −0.259% | $130K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 307.58 | −0.556% | $26K | — | 150x | as long as short |
| Bulk TAO-USD | +0.0052% | 1h | 305.44 | −1.248% | $200K | $57K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0065% | 1h | 307.79 | −0.490% | $15K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.31 | −0.643% | $41K | $530K | 20x | as long as short |
| Pacifica TAOshort | +0.0100% | 1h | 308.72 | −0.188% | $365K | $401K | 10x | |
| Binance TAOUSDT | +0.0100% | 4h | 308.61 | −0.223% | $86.2M | $404.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.69 | −0.197% | $59.6M | $118.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.70 | −0.194% | $25.4M | $93.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.85 | −0.145% | $137K | $599K | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Bulk TAO-USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 308.40 | −0.291% | $12.3M | $48.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 308.59 | −0.230% | $115.2M | $124.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.67 | −0.204% | $18.6M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.47 | −0.268% | $34.5M | $44.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.54 | −0.246% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.90 | −1.099% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.13 | −1.349% | $39K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.16 | −1.340% | $535K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.90 | −1.423% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.62 | −0.543% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.59 | −0.552% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.72 | −0.511% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.60 | −0.550% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.77 | −0.495% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 307.46 | −0.595% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.87 | −0.464% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 308.50 | −0.259% | $882 | $438K | 5x | as long as short |
| Aster TAOUSDT | +0.0162% | 4h | 308.44 | −0.277% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0164% | 8h | 308.71 | −0.191% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 307.54 | −0.569% | $439K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 307.30 | −0.647% | $325K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0296% | 1h | 307.37 | −0.625% | $843K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 307.69 | −0.521% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 307.64 | −0.537% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.54 | −0.568% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0704% | 1h | 308.47 | −0.268% | $906K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0928% | 1h | 309.00 | −0.097% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 308.55 | −0.242% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1024% | 1h | 307.99 | −0.423% | $6.3M | $19.2M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 308.67 | −0.205% | $413K | $539K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1094% | 1h | 308.20 | −0.356% | $445K | $715K | 10x | as long as short |
| Hyperliquid TAOlong | +0.1749% | 1h | 309.30 | long leg | $94.7M | $75.7M | 5x | |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −1.080% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Injective TAO/USDC PERP