Funding you earn now, next payment 05:00 UTC−0.0672%/8h= −73.6% APRnext payment −$0.84 per $10,000 · paid last 24h +0.068%
Price spread now: Hyperliquid against RISEx+0.094%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$250.245% of the position
Funding, last 4 days (all we have)−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.094%, 7d avg +0.068%
=Together, before fees−0.269%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.027% dearer against RISEx than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.068%): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 4 days (−0.111% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.111% in total (about -11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 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 | RISEx TAO/USDC | 312.33 | 0.0816 | pay 0.0102% / 1h | 48m 07s | $433K | $650K | 5x |
| Short | Hyperliquid TAO | 312.63 | 0.0144 | get 0.0018% / 1h | 48m 07s | $91.7M | $107.0M | 5x |
RISEx TAO/USDC
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against RISEx. 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
- −$141.06
- Price spread: +0.094% → +0.068%
- $2.67
- Slippage, 4 orders
- −$9.53
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$162.91
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 5 min ago; Hyperliquid: live order book, 6 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 RISEx live order book, 5 min ago | 1.59 bp | 4.6 bp −$5 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.48 bp | 8.3 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 312.38 | +0.015% | $5.5M | $20.6M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.04 | −0.094% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.66 | −0.215% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.31 | −0.008% | $45K | $655K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 312.08 | −0.082% | $2K | $811K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.41 | +0.024% | $356K | $413K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.42 | +0.027% | $89.7M | $497.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.57 | +0.075% | $67.4M | $149.7M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.40 | +0.021% | $25.8M | $120.3M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.10 | +0.885% | $167K | $2K | 10x | as long as short |
Kraken Futures PF_TAOUSD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 312.20 | −0.043% | $13.0M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.39 | +0.018% | $101.1M | $144.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.39 | +0.018% | $17.7M | $31.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.20 | −0.043% | $34.9M | $56.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.40 | +0.021% | — | $33.0M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.18 | +0.590% | $42K | $312K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.25 | +0.613% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.13 | −0.066% | $81K | $867K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.96 | −0.120% | $11K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.70 | −0.203% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.20 | −0.363% | $108K | $536K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.33 | −0.002% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 311.97 | −0.117% | $171K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0112% | 4h | 314.50 | +0.694% | $533K | $955K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0118% | 4h | 311.79 | −0.174% | $52K | $270K | 10x | as long as short |
| Aster TAOUSDT | +0.0122% | 4h | 312.16 | −0.055% | $1.2M | $10.4M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0142% / S +0.0130% | 1h | 311.65 | −0.220% | $416K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0142% | 8h | 312.53 | +0.061% | $14K | $1K | 10x | as long as short |
| Hyperliquid TAOshort | +0.0144% | 1h | 312.63 | +0.094% | $91.7M | $107.0M | 5x | |
| Extended TAO-USD | +0.0184% | 1h | 312.48 | +0.047% | $913K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.60 | +0.085% | $101K | $391K | 5x | as long as short |
| Nado TAO-PERP | +0.0245% | 1h | 312.42 | +0.026% | $786K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.09 | −0.078% | $4.5M | $10.8M | 100x | as long as short |
| Variational Omni TAO | +0.0346% | 4h | 312.61 | +0.088% | $5.6M | $10.0M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0377% | 1h | 311.91 | −0.135% | $21K | $1.7M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0390% | 1h | 312.58 | +0.078% | $310K | $912K | 10x | as long as short |
| Lighter TAO | +0.0408% | 1h | 312.73 | +0.127% | $1.5M | $6.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0408% | 1h | 312.30 | −0.011% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 313.90 | +0.501% | $312K | $711K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.24 | −0.030% | $359 | — | 20x | as long as short |
| RISEx TAO/USDClong | +0.0816% | 1h | 312.33 | long leg | $433K | $650K | 5x | |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.33 | −0.002% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 317.38 | +1.615% | $23K | $2K | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Extended TAO-USD
Arcus TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Lighter TAO
01 Exchange TAOUSD
Phoenix TAO
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP