Funding you earn now, next payment 00:00 UTC+0.1902%/8h= +208.3% APRpaid last 24h +0.180%
Price spread now: Hyperliquid against edgeX+0.395%66s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 3 days (all we have)−0.672%−$67 · spread now +0.395%, 7d avg +0.073%
=Together, before fees−0.274%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Hyperliquid is 0.322% dearer against edgeX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.073%. The two prices were read 66 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 7 days it paid 0.398% in total (about 20.7% 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 | edgeX TAOUSDC | 312.83 | 0.0100 | pay 0.0050% / 4h | 42m 26s | $40K | $281K | 10x |
| Short | Hyperliquid TAO | 314.07 | 0.2002 | get 0.0250% / 1h | 42m 26s | $97.8M | $83.3M | 5x |
edgeX TAOUSDC
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $399.4
- Price spread: +0.395% → +0.073%
- $32.22
- Slippage, 4 orders
- −$19.19
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $394.43
- Costs to cover
- 0.372%
- Break-even
- 0.1 days
Slippage from edgeX: live order book, 35 min ago; Hyperliquid: live order book, 11 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 edgeX live order book, 35 min ago | 6.54 bp | 11.0 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.16 bp | 8.8 bp −$9 | 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 | −0.4722% | 1h | 314.01 | +0.376% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.81 | +0.311% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.75 | −0.028% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.497% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.64 | +0.258% | $41K | $551K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.93 | +0.350% | $372K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.64 | +0.258% | $88.7M | $424.7M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.74 | +0.290% | $61.5M | $123.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.50 | +0.213% | $25.2M | $100.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.70 | +0.277% | $12.7M | $49.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 313.40 | +0.181% | $120.6M | $127.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.42 | +0.187% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.21 | +0.120% | $34.9M | $46.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.04 | +0.066% | — | $30.2M | — | as long as short |
| edgeX TAOUSDClong | +0.0100% | 4h | 312.83 | long leg | $40K | $281K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.31 | +0.154% | $528K | $948K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.10 | +0.085% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.56 | +0.232% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.16 | +0.104% | $128K | $395K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.58 | +0.238% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.32 | +0.155% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.47 | +0.203% | $2K | $541K | 5x | as long as short |
| Bullet TAO-USD | +0.0133% | 1h | 313.31 | +0.152% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0152% | 1h | 313.77 | +0.299% | $77K | $521K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 314.10 | +0.405% | $83K | $626K | 5x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.208% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0190% | 8h | 314.03 | +0.381% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0210% | 4h | 313.59 | +0.242% | $1.1M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0226% | 1h | 312.79 | −0.014% | $47K | $270K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0339% | 1h | 313.12 | +0.090% | $19K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0351% | 4h | 312.54 | −0.094% | $4.3M | $10.2M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0448% | 1h | 313.66 | +0.264% | $5.8M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 312.74 | −0.031% | $450K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0513% | 1h | 313.62 | +0.250% | $833K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | −0.075% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0578% | 1h | 314.00 | +0.373% | $301K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.37 | +0.172% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 313.89 | +0.337% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0880% | 1h | 313.67 | +0.266% | $863K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.92 | +0.347% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.84 | +0.321% | $432K | $536K | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 314.29 | +0.465% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAOshort | +0.2002% | 1h | 314.07 | +0.395% | $97.8M | $83.3M | 5x |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Arcus TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO