Funding you earn now, next payment 03:00 UTC−0.1061%/8h= −116.2% APRpaid last 24h −0.191%
Price spread now: Aster against Hyperliquid−0.022%7-day average +0.021% · 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−$35as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 5 days (all we have)−0.212%−$21 on $10k
+Price spread, last 7 days+0.182%+$18 · spread now −0.022%, 7d avg +0.021%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Aster is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.212% in total (about -14.3% 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 | Hyperliquid TAO | 320.00 | 0.1389 | pay 0.0174% / 1h | 38m 26s | $100.5M | $98.5M | 5x |
| Short | Aster TAOUSDT | 319.93 | 0.0328 | get 0.0164% / 4h | 1h 38m | $1.2M | $9.3M | 50x |
Hyperliquid TAO
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Hyperliquid. 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
- −$222.85
- Price spread: −0.022% → +0.021%
- −$4.29
- Slippage, 4 orders
- −$14.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$258.32
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Aster: 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 Hyperliquid live order book, 5 min ago | 1.10 bp | 5.6 bp −$6 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 1.41 bp | 8.9 bp −$9 | 17.8 bp −$178 | 142.8 bp −$14.3K | 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 | −0.3652% | 1h | 316.49 | −1.097% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.53 | −0.147% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.67 | −0.103% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.60 | −0.125% | $45K | $657K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.99 | −0.003% | $92.7M | $473.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | −0.062% | $26.3M | $117.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.70 | −0.094% | $13.1M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 320.00 | 0.000% | $107.3M | $139.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.86 | −0.044% | $18.0M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.63 | −0.116% | $35.7M | $54.0M | 50x | as long as short |
Bulk TAO-USD
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 | 319.73 | −0.084% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.82 | −0.056% | $72K | $771K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.25 | −0.234% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.81 | −0.372% | $130K | $479K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.34 | −0.206% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 320.02 | +0.005% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0104% | 4h | 319.98 | −0.006% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 319.80 | −0.062% | $680 | $759K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 319.62 | −0.119% | $434K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.95 | −0.328% | $526K | $955K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0246% | 1h | 319.41 | −0.184% | $5.6M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0306% | 1h | 319.99 | −0.003% | $12K | $18K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0307% | 1h | 319.33 | −0.210% | $17K | $1.6M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0326% | 8h | 320.07 | +0.021% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDTshort | +0.0328% | 4h | 319.93 | −0.022% | $1.2M | $9.3M | 50x | |
| BloFin TAO-USDT | +0.0340% | 4h | 319.17 | −0.259% | $4.5M | $10.7M | 100x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 320.13 | +0.041% | $378K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 318.90 | −0.344% | $333K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 320.42 | +0.131% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0544% | 1h | 319.87 | −0.040% | $775K | $2.1M | 10x | as long as short |
| Bybit TAOUSDT | +0.0626% | 4h | 319.98 | −0.006% | $68.2M | $140.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0642% | 4h | 319.88 | −0.038% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 319.94 | −0.020% | $368 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0784% | 1h | 320.26 | +0.081% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.068% | $5.9M | $9.7M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0883% | 1h | 318.78 | −0.381% | $47K | $253K | 50x | as long as short |
| Lighter TAO | +0.0912% | 1h | 320.40 | +0.126% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 319.74 | −0.080% | $938K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.1002% | 1h | 319.88 | −0.038% | $440K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.48 | −0.162% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 320.01 | +0.005% | $455K | $627K | 5x | as long as short |
| Hyperliquid TAOlong | +0.1389% | 1h | 320.00 | long leg | $100.5M | $98.5M | 5x | |
| Injective TAO/USDC PERP | +0.4172% | 1h | 319.69 | −0.097% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
BloFin TAO-USDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
BingX TAO-USDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
ApeX Omni TAOUSDT
Lighter TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP