Funding you earn now, next payment 00:00 UTC−0.1636%/8h= −179.1% APRpaid last 24h −0.180%
Price spread now: edgeX against Hyperliquid−0.035%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 3 days (all we have)+0.312%+$31 · spread now −0.035%, 7d avg −0.073%
=Together, before fees−0.086%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.038% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.073%): +$4 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.398% in total) that is about 16 hours.
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 | Hyperliquid TAO | 314.04 | 0.1736 | pay 0.0217% / 1h | 26m 58s | $98.0M | $83.9M | 5x |
| Short | edgeX TAOUSDC | 313.93 | 0.0100 | get 0.0050% / 4h | 26m 58s | $41K | $279K | 10x |
Hyperliquid TAO
edgeX TAOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$343.53
- Price spread: −0.035% → −0.073%
- $3.8
- Slippage, 4 orders
- −$24.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$382.13
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; edgeX: live order book, 51 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, 7 min ago | 0.32 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 51 min ago | 6.54 bp | 11.1 bp −$11 | 26.0 bp −$260 | 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 | −0.4493% | 1h | 315.57 | +0.487% | $169K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.75 | −0.411% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.20 | −0.267% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.290% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.10 | −0.299% | $35K | $571K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.10 | −0.299% | $371K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.63 | −0.130% | $88.9M | $426.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.88 | −0.051% | $61.6M | $125.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.60 | −0.140% | $25.2M | $101.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.30 | −0.236% | $12.5M | $49.9M | 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 | 313.28 | −0.242% | $110.5M | $130.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.27 | −0.245% | $18.8M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.39 | −0.207% | $34.9M | $46.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.36 | −0.217% | — | $30.2M | — | as long as short |
| edgeX TAOUSDCshort | +0.0100% | 4h | 313.93 | −0.035% | $41K | $279K | 10x | |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.05 | −0.316% | $519K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.77 | −0.086% | $47K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 313.42 | −0.197% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.33 | −0.226% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.14 | −0.287% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.59 | −0.143% | $127K | $402K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.26 | −0.248% | $3.3M | $7.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0102% | 1h | 313.58 | −0.146% | $77K | $489K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.49 | −0.175% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.10 | −0.299% | $1K | $552K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.23 | −0.258% | $83K | $586K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0191% | 8h | 312.91 | −0.360% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0196% | 4h | 313.24 | −0.255% | $1.1M | $7.9M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0196% | 1h | 313.29 | −0.240% | $21K | $1.5M | 25x | as long as short |
| Variational Omni TAO | +0.0200% | 4h | 313.88 | −0.051% | $4.0M | $7.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.32 | −0.229% | $4.4M | $10.5M | 100x | as long as short |
| Nado TAO-PERP | +0.0441% | 1h | 313.20 | −0.268% | $827K | $2.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 313.19 | −0.270% | $5.7M | $19.9M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 313.18 | −0.275% | $449K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0524% | 1h | 313.66 | −0.121% | $293K | $804K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 314.20 | +0.051% | $329K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 313.23 | −0.258% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.44 | −0.192% | $360 | — | 20x | as long as short |
| Extended TAO-USD | +0.0856% | 1h | 313.49 | −0.175% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | −0.245% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1232% | 1h | 313.73 | −0.100% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.15 | −0.283% | $436K | $567K | 5x | as long as short |
| Hyperliquid TAOlong | +0.1736% | 1h | 314.04 | long leg | $98.0M | $83.9M | 5x |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Polymarket Perps TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
Arcus TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
BloFin TAO-USDT
Nado TAO-PERP
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC