TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h +0.134%

Price spread now: Hyperliquid against 01 Exchange+0.116%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.116% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	319.39	0.0624	pay 0.0078% / 1h	5m 36s	$3K	$4K	5x
Short	Hyperliquid TAO	319.76	0.0598	get 0.0075% / 1h	5m 36s	$94.6M	$110.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee HyperliquidbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$5.49
Price spread: +0.116% → 0.000%: $11.58
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.91
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 8 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	0.62 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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 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	−0.0237%	1h	320.94	+0.485%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.28	−0.035%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.41	+0.006%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.23	−0.050%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.10	−0.091%	$26.8M	$129.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.10	−0.091%	$14.4M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.32	−0.022%	$17.8M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.11	−0.088%	$35.9M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.08	−0.097%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.80	+0.128%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.90	+0.160%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.91	−0.150%	$116K	$599K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	319.20	−0.059%	$725	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0113% / S +0.0154%	1h	319.51	+0.039%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.77	+0.119%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	319.59	+0.063%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0186%	4h	319.47	+0.025%	$108.1M	$151.6M	300x	as long as short
Binance TAOUSDT	+0.0186%	4h	319.23	−0.050%	$92.7M	$528.2M	75x	as long as short
edgeX TAOUSDC	+0.0188%	4h	319.19	−0.063%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0243%	8h	319.45	+0.019%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0270%	4h	319.32	−0.022%	$70.1M	$155.8M	50x	as long as short
BingX TAO-USDT	+0.0282%	4h	319.31	−0.025%	—	$35.4M	—	as long as short
Bullet TAO-USD	+0.0307%	1h	319.85	+0.144%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0351%	4h	319.32	−0.022%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	319.22	−0.053%	$908K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0364%	4h	318.37	−0.318%	$540K	$917K	10x	as long as short
BloFin TAO-USDT	+0.0423%	4h	319.99	+0.188%	$4.7M	$11.1M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0487%	1h	319.48	+0.028%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0507%	1h	319.40	+0.004%	$792K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.094%	$5.7M	$10.2M	—	as long as short
Phemex TAOUSDT	+0.0523%	4h	319.75	+0.113%	$3.3M	$8.1M	50x	as long as short
Pacifica TAO	+0.0525%	1h	319.52	+0.039%	$363K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.50	+0.034%	$318K	$709K	5x	as long as short
Lighter TAO	+0.0592%	1h	319.64	+0.078%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAOshort	+0.0598%	1h	319.76	+0.116%	$94.6M	$110.0M	5x
01 Exchange TAOUSDlong	+0.0624%	1h	319.39	long leg	$3K	$4K	5x
Arcus TAO-USD	+0.0641%	1h	319.61	+0.069%	$103K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0680%	1h	319.92	+0.166%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.77	+0.120%	$368	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+0.319%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.22	−0.053%	$440K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1155%	1h	319.72	+0.102%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.293%	$24K	$2K	12x	as long as short