TAO

Alert

Funding spread now, next payment 17:00 UTC−0.0710%/8h

next payment, per $10,000−$0.89paid, last 24h−0.012%paid, last 3 days−0.077%to open and closeno order book

Long on Hyperliquid Short on 01 Exchange

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.077% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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	289.16	0.1270	pay 0.0159% / 1h	57m 29s	$79.7M	$52.8M	5x
Short	01 Exchange TAOUSD	289.17	0.0560	get 0.0070% / 1h	57m 29s	$3K	$6K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee 01 ExchangebpOrdersRate

Funding earned: −$149.16
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$165.16
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.003%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 8 min ago	0.69 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.2448%	1h	$152K	$0	10x	as long as short
dYdX TAO-USD	0.0000%	1h	$73K	$55K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	$9K	—	150x	as long as short
Bitget TAOUSDT	+0.0046%	4h	$32.7M	$36.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0047%	1h	$5.5M	$13.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$48K	$457K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$634	$295K	5x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$334K	$371K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$81.6M	$324.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.2M	$68.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$123K	$570K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.4M	$43.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$100.3M	$102.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$18.0M	$19.2M	75x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$301K	$400K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.4M	$4.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$289K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$75K	$1.1M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$52K	$146K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$2K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$118K	$313K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.4M	50x	as long as short
Extended TAO-USD	+0.0104%	1h	$780K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$159K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0110%	8h	$13K	$376	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0161%	1h	$33K	$900K	25x	as long as short
Bybit TAOUSDT	+0.0242%	4h	$53.8M	$85.3M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.2M	$7.2M	100x	as long as short
Phoenix TAO	+0.0364%	1h	$307K	$145K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0468% / S −0.0189%	1h	$428K	—	100x	as long as short
Lighter TAO	+0.0536%	1h	$1.4M	$1.9M	5x	as long as short
Nado TAO-PERP	+0.0539%	1h	$1.1M	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0553%	1h	$329K	$420K	5x	as long as short
01 Exchange TAOUSDshort	+0.0560%	1h	$3K	$6K	5x
Reya TAORUSDPERP	+0.0692%	1h	$332	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0920%	1h	$1.4M	$4.2M	50x	as long as short
Hyperliquid TAOlong	+0.1270%	1h	$79.7M	$52.8M	5x
Injective TAO/USDC PERP	+0.3912%	1h	$21K	$87K	12x	as long as short