Funding you earn now, next payment 23:00 UTC+0.0968%/8h= +106.0% APRpaid last 24h +0.168%
Price spread now: Hyperliquid against Gate+0.221%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 7 days−0.198%−$20 · spread now +0.221%, 7d avg +0.079%
=Together, before fees+0.154%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.142% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.352% in total (about 18.4% 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 | Gate TAO_USDT | 303.20 | 0.0100 | pay 0.0050% / 4h | 1h 33m | $12.1M | $48.7M | 50x |
| Short | Hyperliquid TAO | 303.87 | 0.1068 | get 0.0134% / 1h | 33m 46s | $92.2M | $80.4M | 5x |
Gate TAO_USDT
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $203.28
- Price spread: +0.221% → +0.079%
- $14.23
- Slippage, 4 orders
- −$26.18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $167.32
- Costs to cover
- 0.502%
- Break-even
- 1.2 days
Slippage from Gate: live order book, 5 min ago; Hyperliquid: live order book, 10 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 Gate live order book, 5 min ago | 3.30 bp | 18.0 bp −$18 | 41.4 bp −$414 | 59.7 bp −$5,970 | 98.2 bp −$49.1K |
| Sell Hyperliquid live order book, 10 min ago | 1.97 bp | 9.5 bp −$10 | 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 | −0.0186% | 1h | 303.81 | +0.201% | $162K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.13 | −0.023% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 302.59 | −0.202% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 302.53 | −0.221% | $44K | $536K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 303.25 | +0.016% | $1.1M | $7.7M | 50x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.27 | +0.023% | $84.8M | $412.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.40 | +0.066% | $58.6M | $121.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.60 | +0.132% | $24.4M | $95.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 302.98 | −0.073% | $79K | $642K | 5x | as long as short |
| Gate TAO_USDTlong | +0.0100% | 4h | 303.20 | long leg | $12.1M | $48.7M | 50x |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 303.44 | +0.079% | $110.2M | $124.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.15 | −0.016% | $18.5M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.37 | +0.056% | $33.9M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.56 | +0.119% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 303.56 | +0.119% | $3.7M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.35 | +0.050% | $39K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.49 | +0.096% | $502K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 303.30 | +0.033% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 302.73 | −0.155% | $74K | $604K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 302.57 | −0.208% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 302.88 | −0.106% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 302.87 | −0.109% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.16 | −0.013% | $121K | $363K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.25 | +0.016% | $3.2M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 302.97 | −0.076% | $166K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 302.48 | −0.237% | $619 | $491K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0154% | 8h | 302.96 | −0.080% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 302.95 | −0.081% | $358K | $371K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 302.52 | −0.225% | $432K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0251% | 1h | 302.98 | −0.073% | $21K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 302.76 | −0.145% | $4.2M | $9.3M | 100x | as long as short |
| Lighter TAO | +0.0344% | 1h | 303.51 | +0.102% | $1.6M | $5.3M | 5x | as long as short |
| Nado TAO-PERP | +0.0360% | 1h | 302.54 | −0.219% | $816K | $1.9M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0400% | 1h | 302.57 | −0.208% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0426% | 1h | 303.30 | +0.033% | $377K | $757K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 302.70 | −0.165% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 302.50 | −0.232% | $348 | — | 20x | as long as short |
| Extended TAO-USD | +0.0840% | 1h | 303.52 | +0.105% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 303.64 | +0.145% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1041% | 1h | 303.33 | +0.043% | $5.7M | $19.6M | 50x | as long as short |
| Hyperliquid TAOshort | +0.1068% | 1h | 303.87 | +0.221% | $92.2M | $80.4M | 5x | |
| RISEx TAO/USDC | +0.1155% | 1h | 302.81 | −0.130% | $410K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.824% | $22K | $264 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Lighter TAO
Nado TAO-PERP
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP