Funding you earn now, next payment 01:00 UTC+0.3631%/8h= +397.6% APRnext payment +$4.54 per $10,000 · paid last 24h +0.503%
Price spread now: Hyperliquid against Bulk−0.659%50s7-day average +0.193% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.273% of the position
Funding, last 3 days (all we have)+0.659%+$66 on $10k
+Price spread, last 4 days (all we have)+0.882%+$88 · spread now −0.659%, 7d avg +0.193%
=Together, before fees+1.541%+ Points / potential airdropHyperliquid: Season 2 · farm board+$154 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.852% cheaper against Bulk than usual: you would sell low and buy high (spread −0.659% now, against its 7-day average of +0.193%). If the spread goes back, that is −$85 on $10k: about 19 hours of funding at the current rate (+$109 a day). At the pace of the last 3 days (+0.659% in total) that is about 4.5 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.659% in total (about 69.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.54 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 | Bulk TAO-USD | 318.67 | −0.1821 | get 0.0228% / 1h | 8m 40s | $169K | $40K | 10x |
| Short | Hyperliquid TAO | 316.57 | 0.1810 | get 0.0226% / 1h | 8m 40s | $101.3M | $91.5M | 5x |
Bulk TAO-USD
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bulk. 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
- $762.43
- Price spread: −0.659% → +0.193%
- −$85.15
- Slippage, 4 orders
- −$11.33
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $649.95
- Costs to cover
- 0.273%
- Break-even
- 1.0 days
Slippage from Bulk: live order book, 65 min ago; Hyperliquid: live order book, 5 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 Bulk live order book, 65 min ago | 0.16 bp | 6.2 bp −$6 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.05 bp | 8.1 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-USDlong | −0.1821% | 1h | 318.67 | long leg | $169K | $40K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 315.92 | −0.863% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.83 | −0.891% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.37 | −0.721% | $42K | $598K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.17 | −0.784% | $90.7M | $450.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.40 | −0.712% | $25.7M | $108.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.90 | −0.869% | $12.8M | $51.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.09 | −0.809% | $99.0M | $136.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.98 | −0.844% | $17.9M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.21 | −0.772% | $35.2M | $51.4M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 316.43 | −0.704% | $40K | $293K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.09 | −0.808% | $524K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.92 | −0.863% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.66 | −0.944% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.28 | −0.750% | $126K | $422K | 20x | as long as short |
| Bullet TAO-USD | +0.0102% | 1h | 316.22 | −0.767% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.17 | −0.784% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 316.36 | −0.725% | $1K | $643K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0101% | 1h | 315.81 | −0.896% | $448K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.06 | −0.819% | $374K | $376K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0185% | 1h | 316.14 | −0.794% | $48K | $267K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0194% | 1h | 315.79 | −0.903% | $17K | $1.5M | 25x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 316.71 | −0.615% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0204% | 4h | 316.09 | −0.809% | $1.2M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 316.34 | −0.731% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0272% | 1h | 316.47 | −0.690% | $93K | $633K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.05 | −0.822% | $4.4M | $10.7M | 100x | as long as short |
| Phemex TAOUSDT | +0.0347% | 4h | 316.22 | −0.769% | $3.4M | $7.8M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0486% | 1h | 315.69 | −0.936% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 316.60 | −0.649% | $331K | $624K | 5x | as long as short |
| Variational Omni TAO | +0.0546% | 4h | 316.94 | −0.542% | $5.5M | $8.7M | — | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 316.46 | −0.693% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | −0.282% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0628% | 4h | 316.45 | −0.696% | — | $30.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.16 | −0.788% | $364 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0734% | 4h | 316.24 | −0.762% | $65.1M | $133.4M | 50x | as long as short |
| Nado TAO-PERP | +0.0759% | 1h | 316.33 | −0.733% | $876K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0804% | 1h | 315.97 | −0.847% | $319K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.15 | −0.477% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1120% | 1h | 316.12 | −0.799% | $886K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.56 | −0.662% | $420K | $593K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 316.68 | −0.623% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAOshort | +0.1810% | 1h | 316.57 | −0.659% | $101.3M | $91.5M | 5x |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Bullet TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Kraken Futures PF_TAOUSD
Phoenix TAO
Variational Omni TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Reya TAORUSDPERP
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO