Funding you earn now, next payment 02:00 UTC+0.0876%/8h= +95.9% APRnext payment +$1.09 per $10,000 · paid last 24h −0.406%
Price spread now: Hyperliquid against Injective−0.915%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−3.029%−$303 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
Funding pays, the price is against you. Hyperliquid is 0.915% cheaper against Injective than usual: you would sell low and buy high (spread −0.915% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$92 on $10k: about 3.5 days of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −3.029%, so the current rate has only just turned in your favour. The two prices were read 53 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 | Injective TAO/USDC PERP | 321.23 | 0.0470 | pay 0.0059% / 1h | 2m 17s | $23K | $2K | 12x |
| Short | Hyperliquid TAO | 318.29 | 0.1346 | get 0.0168% / 1h | 2m 17s | $100.2M | $97.2M | 5x |
Injective TAO/USDC PERP
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $183.95
- Price spread: −0.915% → 0.000%
- −$91.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $83.41
- Costs to cover
- 0.090%
- Break-even
- 3.8 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 12 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 12 min ago | 0.79 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
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 42 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 | −0.0185% | 1h | 315.28 | −1.852% | $167K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.09 | −1.288% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.43 | −1.184% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.01 | −1.002% | $44K | $645K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.71 | −1.096% | $91.6M | $466.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.70 | −1.099% | $26.4M | $114.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.60 | −1.130% | $13.0M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.96 | −1.018% | $103.8M | $140.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.93 | −1.027% | $18.0M | $30.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.55 | −1.146% | $35.5M | $53.4M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 316.38 | −1.511% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.80 | −1.068% | $77K | $720K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 317.77 | −1.077% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.57 | −1.139% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.34 | −0.900% | $130K | $471K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.49 | −1.164% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.09 | −0.978% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0115% | 8h | 317.97 | −1.015% | $676 | $728K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0149% | 1h | 316.28 | −1.541% | $47K | $253K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0166% / S +0.0103% | 1h | 317.55 | −1.145% | $432K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0166% | 1h | 317.56 | −1.143% | $5.6M | $20.5M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0192% | 4h | 316.84 | −1.367% | $527K | $957K | 10x | as long as short |
| Bullet TAO-USD | +0.0226% | 1h | 317.82 | −1.062% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 317.51 | −1.157% | $370K | $396K | 10x | as long as short |
| Aster TAOUSDT | +0.0286% | 4h | 317.75 | −1.083% | $1.2M | $9.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 318.09 | −0.977% | $100K | $489K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0359% | 8h | 317.62 | −1.124% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERPlong | +0.0470% | 1h | 321.23 | long leg | $23K | $2K | 12x | |
| Nado TAO-PERP | +0.0531% | 1h | 317.71 | −1.095% | $759K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 317.40 | −1.192% | $333K | $681K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0627% | 1h | 317.85 | −1.053% | $14K | $1.6M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 318.11 | −0.971% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.91 | −1.034% | $366 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0720% | 4h | 317.84 | −1.055% | — | $30.9M | — | as long as short |
| Bybit TAOUSDT | +0.0724% | 4h | 317.93 | −1.027% | $67.4M | $138.1M | 50x | as long as short |
| Variational Omni TAO | +0.0857% | 4h | 316.54 | −1.460% | $6.1M | $9.5M | — | as long as short |
| Extended TAO-USD | +0.0896% | 1h | 317.69 | −1.103% | $905K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0926% | 1h | 317.84 | −1.055% | $321K | $806K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 318.74 | −0.775% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 317.99 | −1.010% | $450K | $626K | 5x | as long as short |
| Hyperliquid TAOshort | +0.1346% | 1h | 318.29 | −0.915% | $100.2M | $97.2M | 5x | |
| Lighter TAO | +0.1376% | 1h | 317.86 | −1.048% | $1.6M | $6.1M | 5x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Pacifica TAO
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO