TAO

Alert

Funding spread now, next payment 14:00 UTC+0.0232%/8h

next payment, per $10,000+$0.29paid, last 24h−0.068%paid, last 7 days+0.061%to open and close $10k−$41

Long on Kraken Futures Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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	Kraken Futures PF_TAOUSD	285.15	0.0469	pay 0.0059% / 1h	33m 48s	$5.3M	$12.4M	50x
Short	Hyperliquid TAO	286.14	0.0700	get 0.0088% / 1h	33m 48s	$77.0M	$44.7M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersRate

Funding earned: $48.68
Slippage, 4 orders: −$22.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $7.27
Break-even: 6.0 days

Slippage from Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 11 min ago.

Price risk

price view

Price gap now: +0.349%
Avg gap 7d: +0.032%

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 Kraken Futures live order book, 2 min ago	4.19 bp	14.6 bp −$15	25.2 bp −$252	675.2 bp −$67.5K	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.17 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0079%	1h	$150K	$3K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0011%	1h	$17K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0019%	1h	$15K	$859K	25x	as long as short
Gate TAO_USDT	+0.0028%	4h	$11.2M	$43.2M	50x	as long as short
dYdX TAO-USD	+0.0039%	1h	$74K	$54K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$36K	$439K	20x	as long as short
Pacifica TAO	+0.0100%	1h	$344K	$349K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$81.7M	$296.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$51.7M	$76.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.3M	$63.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	$137K	$534K	5x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$114.2M	$88.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$16.9M	$17.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$32.2M	$33.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$27.4M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$286K	$264K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.4M	$4.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$283K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$45K	$264K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$74K	$1.2M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$51K	$145K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$2K	$1.5M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$119K	$289K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$773	$241K	5x	as long as short
Paradex TAO-USD-PERP	+0.0102%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$749K	$1.0M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$158K	—	3x	as long as short
Lighter TAO	+0.0248%	1h	$1.3M	$1.6M	5x	as long as short
01 Exchange TAOUSD	+0.0288%	1h	$5K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$6.8M	100x	as long as short
Nado TAO-PERP	+0.0350%	1h	$1.1M	$1.1M	10x	as long as short
Phoenix TAO	+0.0417%	1h	$318K	$134K	5x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0469%	1h	$5.3M	$12.4M	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0473% / S −0.0193%	1h	$426K	—	100x	as long as short
RISEx TAO/USDC	+0.0523%	1h	$316K	$386K	5x	as long as short
Aster TAOUSDT	+0.0535%	4h	$2.1M	$3.8M	50x	as long as short
Reya TAORUSDPERP	+0.0691%	1h	$328	—	20x	as long as short
Hyperliquid TAOshort	+0.0700%	1h	$77.0M	$44.7M	5x
Coinbase International TAO-PERP-INTX	+0.1008%	1h	$1.4M	$4.2M	50x	as long as short
Injective TAO/USDC PERP	+0.1683%	1h	$21K	$163K	12x	as long as short