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TAO

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Funding spread now, next payment 15:00 UTC+0.0137%/8h
paid, last 24h+0.088%paid, last 7 days+0.802%to open and close $10k−$64
Long on PhemexShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT283.580.0100pay 0.0050% / 4h1h 44m$3.0M$7.7M50x
ShortHyperliquid TAO283.630.0237get 0.0030% / 1h44m 35s$74.9M$47.1M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$28.84
Slippage, 4 orders
−$42.67
Fee Phemex: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$34.83
Break-even
15.5 days
Slippage from Phemex: live order book, 6 min ago; Hyperliquid: live order book, 10 min ago.

Price risk

price view
Price gap now
+0.018%
Avg gap 7d
+0.066%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 6 min ago9.16 bp24.0 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.70 bp7.8 bp −$8doesn't fitdoesn't fitdoesn't fit

TAO on 41 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit TAO_USDC-PERPETUAL0.0000%1h$25K$867K25xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0011%1h$17K—150xas long as short
Popdex TAOUSDT+0.0096%1h$40K$443K20xas long as short
Katana Perps TAO-USD+0.0100%8h$1K$260K5xas long as short
Pacifica TAO+0.0100%1h$330K$386K10xas long as short
Binance TAOUSDT+0.0100%4h$79.4M$307.4M75xas long as short
Bybit TAOUSDT+0.0100%4h$51.4M$80.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h$22.9M$64.1M50xas long as short
Arcus TAO-USD+0.0100%1h$123K$568K5xas long as short
Gate TAO_USDT+0.0100%4h$11.2M$44.3M50xas long as short
Show all 41 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h$111.6M$93.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$17.1M$17.8M75xas long as short
Bitget TAOUSDT+0.0100%4h$32.1M$34.2M50xas long as short
BingX TAO-USDT+0.0100%4h—$28.1M—as long as short
Backpack TAO_USDC_PERP+0.0100%1h$282K$274K10xas long as short
Variational Omni TAO+0.0100%4h$3.3M$4.4M—as long as short
edgeX TAOUSDC+0.0100%4h$32K$286K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$43K$266K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$72K$1.1M5xas long as short
Bullet TAO-USD+0.0100%1h$10K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$51K$146K10xas long as short
SunX TAO-USDT+0.0100%4h$1K$1.5M20xas long as short
HTX TAO-USDT+0.0100%4h$116K$308K20xas long as short
Phemex TAOUSDTlong+0.0100%4h$3.0M$7.7M50x
Paradex TAO-USD-PERP+0.0104%8h$13K$37610xas long as short
Extended TAO-USD+0.0104%1h$787K$1.2M25xas long as short
Aevo TAO-PERP+0.0104%1h$156K$9983xas long as short
Aster TAOUSDT+0.0115%4h$1.8M$4.6M50xas long as short
dYdX TAO-USD+0.0169%1h$72K$55K5xas long as short
Bulk TAO-USD+0.0208%1h$148K$010xas long as short
Hyperliquid TAOshort+0.0237%1h$74.9M$47.1M5x
Lighter TAO+0.0264%1h$1.3M$1.8M5xas long as short
Nado TAO-PERP+0.0307%1h$1.1M$1.1M10xas long as short
BloFin TAO-USDT+0.0340%4h$4.1M$6.9M100xas long as short
Phoenix TAO+0.0363%1h$301K$148K5xas long as short
Kraken Futures PF_TAOUSD+0.0451%1h$5.4M$13.1M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0470% / S −0.0186%1h$431K—100xas long as short
RISEx TAO/USDC+0.0556%1h$319K$396K5xas long as short
Reya TAORUSDPERP+0.0691%1h$326—20xas long as short
Coinbase International TAO-PERP-INTX+0.1000%1h$1.4M$4.2M50xas long as short
Injective TAO/USDC PERP+0.1765%1h$21K$125K12xas long as short