Funding you earn now, next payment 00:00 UTC−0.1588%/8h= −173.9% APRpaid last 24h −0.180%
Price spread now: MEXC against Hyperliquid−0.016%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 7 days−0.004%$0 · spread now −0.016%, 7d avg −0.066%
=Together, before fees−0.402%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.050% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.066%): +$5 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.398% in total) that is about 21 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 -20.8% 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 | 311.30 | 0.1688 | pay 0.0211% / 1h | 23m 32s | $96.9M | $83.9M | 5x |
| Short | MEXC TAO_USDT | 311.25 | 0.0100 | get 0.0050% / 4h | 23m 32s | $109.3M | $130.6M | 300x |
Hyperliquid TAO
MEXC TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$333.52
- Price spread: −0.016% → −0.066%
- $5.01
- Slippage, 4 orders
- −$17.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$355.15
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 6 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, 10 min ago | 0.32 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 1.12 bp | 3.5 bp −$4 | 11.9 bp −$119 | 26.8 bp −$2,677 | 105.0 bp −$52.5K |
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 | +1.372% | $169K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 310.91 | −0.124% | $124K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.88 | −0.134% | $20K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +1.173% | $23K | $361 | 12x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0047% | 1h | 310.44 | −0.277% | $20K | $1.5M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.46 | +0.051% | $35K | $563K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.15 | −0.048% | $368K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.49 | +0.061% | $88.3M | $427.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 311.62 | +0.103% | $61.2M | $125.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.40 | +0.032% | $25.0M | $101.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 311.10 | −0.064% | $12.4M | $50.0M | 50x | as long as short |
| MEXC TAO_USDTshort | +0.0100% | 4h | 311.25 | −0.016% | $109.3M | $130.6M | 300x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.83 | −0.151% | $18.4M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.16 | −0.045% | $34.7M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.46 | +0.051% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.02 | +0.232% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.92 | +0.841% | $521K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.77 | +0.793% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.22 | −0.026% | $76K | $476K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.09 | −0.067% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 310.69 | −0.196% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.68 | −0.199% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.10 | −0.064% | $127K | $408K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 310.69 | −0.196% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.75 | −0.177% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 311.35 | +0.016% | $3K | $555K | 5x | as long as short |
| Aster TAOUSDT | +0.0169% | 4h | 311.16 | −0.046% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 311.61 | +0.100% | $82K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0187% | 8h | 311.36 | +0.019% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0199% | 4h | 312.46 | +0.372% | $4.0M | $7.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.00 | +0.225% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0453% | 1h | 310.44 | −0.277% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0459% | 1h | 311.01 | −0.094% | $818K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0474% / S −0.0175% | 1h | 310.80 | −0.160% | $446K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0515% | 1h | 310.70 | −0.193% | $290K | $804K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 314.20 | +0.932% | $329K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 311.60 | +0.096% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.11 | −0.061% | $358 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 311.43 | +0.040% | $855K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.04 | +0.559% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 311.50 | +0.064% | $433K | $567K | 5x | as long as short |
| Lighter TAO | +0.1240% | 1h | 311.43 | +0.040% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAOlong | +0.1688% | 1h | 311.30 | long leg | $96.9M | $83.9M | 5x |
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
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
RISEx TAO/USDC
Lighter TAO