Funding you earn now, next payment 06:00 UTC−0.0714%/8h= −78.2% APRpaid last 24h −0.232%
Price spread now: Bitget against Hyperliquid−0.047%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days−0.400%−$40 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.047%, 7d avg −0.081%
=Together, before fees−0.357%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.034% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.081%): +$3 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.400% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.400% in total (about -20.9% 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 | 318.37 | 0.0814 | pay 0.0102% / 1h | 17m 44s | $93.5M | $109.2M | 5x |
| Short | Bitget TAOUSDT | 318.22 | 0.0100 | get 0.0050% / 4h | 2h 17m | $35.9M | $57.4M | 50x |
Hyperliquid TAO
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$150
- Price spread: −0.047% → −0.081%
- $3.44
- Slippage, 4 orders
- −$19.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$186.69
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago | 1.59 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.72 bp | 11.6 bp −$12 | 25.0 bp −$250 | 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 | −0.0038% | 1h | 313.74 | −1.454% | $167K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.80 | +0.136% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0036% | 1h | 317.84 | −0.168% | $127K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 318.24 | −0.041% | $91.3M | $512.2M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.30 | −0.022% | $26.7M | $125.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.10 | −0.085% | $14.2M | $51.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 318.68 | +0.097% | $100.7M | $147.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.37 | 0.000% | $17.5M | $31.5M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 318.22 | −0.047% | $35.9M | $57.4M | 50x | |
| edgeX TAOUSDC | +0.0100% | 4h | 318.55 | +0.057% | $42K | $316K | 10x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.99 | +0.195% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.75 | +0.119% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.64 | +0.085% | $116K | $564K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.83 | +0.144% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.35 | +0.309% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 318.67 | +0.094% | $2K | $940K | 5x | as long as short |
| Popdex TAOUSDT | +0.0112% | 1h | 318.68 | +0.097% | $53K | $670K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 319.05 | +0.214% | $53K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0127% / S +0.0141% | 1h | 318.76 | +0.124% | $426K | — | 100x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 318.27 | −0.032% | $363K | $420K | 10x | as long as short |
| Aster TAOUSDT | +0.0263% | 4h | 318.52 | +0.046% | $1.3M | $10.7M | 50x | as long as short |
| Nado TAO-PERP | +0.0267% | 1h | 319.07 | +0.220% | $802K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0275% | 8h | 318.59 | +0.069% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0298% | 1h | 319.33 | +0.303% | $6.0M | $21.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0332% | 1h | 319.09 | +0.226% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.93 | +0.176% | $4.6M | $11.0M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0374% | 4h | 315.91 | −0.771% | $537K | $923K | 10x | as long as short |
| Bybit TAOUSDT | +0.0390% | 4h | 318.60 | +0.072% | $69.5M | $153.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0402% | 4h | 318.24 | −0.041% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0459% | 4h | 318.52 | +0.047% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 318.83 | +0.144% | $103K | $345K | 5x | as long as short |
| Extended TAO-USD | +0.0504% | 1h | 318.30 | −0.023% | $906K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 316.70 | −0.525% | $315K | $713K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0574% | 1h | 315.18 | −1.002% | $45K | $256K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0596% | 1h | 319.11 | +0.232% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 319.15 | +0.245% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 319.19 | +0.258% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAOlong | +0.0814% | 1h | 318.37 | long leg | $93.5M | $109.2M | 5x | |
| Lighter TAO | +0.0816% | 1h | 318.34 | −0.008% | $1.5M | $6.6M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0845% | 1h | 319.02 | +0.204% | $316K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 319.49 | +0.352% | $1.5M | $7.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 318.56 | +0.061% | $460K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +0.349% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Popdex TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Bybit TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Arcus TAO-USD
Extended TAO-USD
Phoenix TAO
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP