Funding you earn now, next payment 06:00 UTC+0.0697%/8h= +76.3% APRpaid last 24h +0.230%
Price spread now: Hyperliquid against KuCoin+0.025%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.025%, 7d avg +0.059%
=Together, before fees+0.390%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.059%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.419% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.419% in total (about 21.9% a year). A funding rate is set anew for every payment. 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 | KuCoin TAOUSDTM | 323.26 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $17.7M | $31.7M | 75x |
| Short | Hyperliquid TAO | 323.34 | 0.0797 | get 0.0100% / 1h | 1m 04s | $95.6M | $109.8M | 5x |
KuCoin TAOUSDTM
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $146.33
- Price spread: +0.025% → +0.059%
- −$3.45
- Slippage, 4 orders
- −$36.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $84.99
- Costs to cover
- 0.579%
- Break-even
- 2.9 days
Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: live order book, 13 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 KuCoin live order book, 8 min ago | 1.40 bp | 20.5 bp −$20 | 31.1 bp −$311 | 94.2 bp −$9,418 | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.31 bp | 8.2 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1440% | 1h | 322.10 | −0.360% | $171K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.07 | −0.058% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0026% | 1h | 323.84 | +0.179% | $129K | $85K | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.10 | −0.049% | $26.9M | $129.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.90 | −0.111% | $14.2M | $52.3M | 50x | as long as short |
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 323.26 | long leg | $17.7M | $31.7M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 323.12 | −0.043% | $36.4M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.47 | +0.065% | $83K | $974K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.01 | −0.077% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.59 | +0.102% | $121K | $576K | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 322.99 | −0.084% | $3.3M | $8.1M | 50x | as long as short |
| Popdex TAOUSDT | +0.0104% | 1h | 323.72 | +0.142% | $42K | $687K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 323.89 | +0.195% | $669 | $964K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 323.58 | +0.097% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 323.34 | +0.025% | $53K | $292K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0125% / S +0.0142% | 1h | 323.04 | −0.067% | $434K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0144% | 4h | 323.49 | +0.071% | $43K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0148% | 4h | 323.08 | −0.056% | $103.8M | $149.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0156% | 4h | 323.17 | −0.027% | $94.1M | $519.0M | 75x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 324.01 | +0.231% | $369K | $421K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0288% | 8h | 324.07 | +0.252% | $15K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0295% | 1h | 323.41 | +0.047% | $6.1M | $21.6M | 50x | as long as short |
| Nado TAO-PERP | +0.0300% | 1h | 323.72 | +0.142% | $820K | $2.2M | 10x | as long as short |
| Aster TAOUSDT | +0.0311% | 4h | 323.38 | +0.037% | $1.3M | $10.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0318% | 1h | 323.48 | +0.068% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0342% | 1h | 323.29 | +0.008% | $22K | $1.9M | 25x | as long as short |
| BloFin TAO-USDT | +0.0396% | 4h | 323.57 | +0.096% | $4.6M | $11.2M | 100x | as long as short |
| Bybit TAOUSDT | +0.0413% | 4h | 323.24 | −0.006% | $70.8M | $154.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0424% | 4h | 323.11 | −0.046% | — | $34.2M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 324.30 | +0.322% | $111K | $377K | 5x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 323.24 | −0.005% | $921K | $2.4M | 25x | as long as short |
| GRVT TAO_USDT_Perp | +0.0490% | 4h | 324.22 | +0.298% | $553K | $948K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0495% | 1h | 323.55 | +0.090% | $47K | $257K | 50x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 325.20 | +0.600% | $324K | $713K | 5x | as long as short |
| Variational Omni TAO | +0.0516% | 4h | 323.58 | +0.098% | $5.7M | $10.1M | — | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 323.44 | +0.057% | $372 | — | 20x | as long as short |
| Lighter TAO | +0.0792% | 1h | 323.61 | +0.109% | $1.5M | $6.6M | 5x | as long as short |
| Hyperliquid TAOshort | +0.0797% | 1h | 323.34 | +0.025% | $95.6M | $109.8M | 5x | |
| 01 Exchange TAOUSD | +0.0816% | 1h | 323.92 | +0.204% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0848% | 1h | 323.18 | −0.025% | $320K | $894K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 324.66 | +0.433% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 323.89 | +0.196% | $465K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 323.62 | +0.111% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Popdex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Nado TAO-PERP
Aster TAOUSDT
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Bybit TAOUSDT
BingX TAO-USDT
Arcus TAO-USD
Extended TAO-USD
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Phoenix TAO
Variational Omni TAO
Reya TAORUSDPERP
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP