Funding you earn now, next payment 03:00 UTC−0.0919%/8h= −100.6% APRpaid last 24h −0.225%
Price spread now: OKX against Hyperliquid−0.154%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now −0.154%, 7d avg −0.100%
=Together, before fees−0.318%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and OKX is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.430% in total (about -22.4% 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 | Hyperliquid TAO | 317.49 | 0.1019 | pay 0.0127% / 1h | 8m 54s | $96.1M | $104.0M | 5x |
| Short | OKX TAO-USDT-SWAP | 317.00 | 0.0100 | get 0.0100% / 8h | 5h 08m | $26.1M | $120.2M | 50x |
Hyperliquid TAO
OKX TAO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$192.95
- Price spread: −0.154% → −0.100%
- −$5.42
- Slippage, 4 orders
- −$15.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$232.6
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; OKX: 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 | 0.16 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.58 bp | 9.6 bp −$10 | 20.8 bp −$208 | 65.9 bp −$6,586 | 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 | −0.1916% | 1h | 325.17 | +2.419% | $172K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.62 | −0.275% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.09 | −0.127% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.17 | −0.101% | $40K | $687K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.18 | −0.098% | $92.2M | $490.4M | 75x | as long as short |
| OKX TAO-USDT-SWAPshort | +0.0100% | 8h | 317.00 | −0.154% | $26.1M | $120.2M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 317.00 | −0.154% | $13.0M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.31 | −0.057% | $103.3M | $143.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.21 | −0.088% | $17.7M | $31.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.12 | −0.117% | $35.4M | $55.7M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
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 | 316.99 | −0.158% | $36K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.06 | −0.135% | $88K | $796K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.22 | −0.085% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.19 | −0.094% | $128K | $483K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.33 | −0.051% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 316.77 | −0.227% | $673 | $776K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0126% | 4h | 317.13 | −0.113% | $57K | $275K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0157% / S +0.0112% | 1h | 316.99 | −0.157% | $430K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0167% | 4h | 317.35 | −0.044% | $3.4M | $7.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0168% | 1h | 317.17 | −0.101% | $12K | $18K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0192% | 4h | 318.34 | +0.266% | $528K | $952K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0247% | 1h | 317.17 | −0.102% | $5.6M | $20.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0249% | 8h | 317.18 | −0.097% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0284% | 4h | 317.30 | −0.060% | $1.2M | $10.1M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0293% | 1h | 317.35 | −0.046% | $15K | $1.6M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 317.25 | −0.076% | $4.6M | $11.3M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0371% | 1h | 316.95 | −0.170% | $47K | $253K | 50x | as long as short |
| Bybit TAOUSDT | +0.0406% | 4h | 317.24 | −0.079% | $69.5M | $146.2M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.92 | −0.179% | $373K | $413K | 10x | as long as short |
| BingX TAO-USDT | +0.0448% | 4h | 317.06 | −0.135% | — | $30.5M | — | as long as short |
| Phoenix TAO | +0.0504% | 1h | 317.70 | +0.066% | $332K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 317.34 | −0.047% | $100K | $488K | 5x | as long as short |
| Nado TAO-PERP | +0.0598% | 1h | 317.12 | −0.117% | $817K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0648% | 1h | 317.16 | −0.104% | $932K | $2.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0688% | 1h | 317.02 | −0.148% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.06 | −0.134% | $365 | — | 20x | as long as short |
| Lighter TAO | +0.0736% | 1h | 317.67 | +0.056% | $1.6M | $6.4M | 5x | as long as short |
| Variational Omni TAO | +0.0799% | 4h | 316.62 | −0.273% | $5.9M | $9.8M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0869% | 1h | 317.42 | −0.022% | $315K | $927K | 10x | as long as short |
| Hyperliquid TAOlong | +0.1019% | 1h | 317.49 | long leg | $96.1M | $104.0M | 5x | |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.97 | +0.151% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 317.07 | −0.131% | $445K | $657K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 321.62 | +1.301% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Paradex TAO-USD-PERP
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
ApeX Omni TAOUSDT
Bybit TAOUSDT
Pacifica TAO
BingX TAO-USDT
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Extended TAO-USD
01 Exchange TAOUSD
Reya TAORUSDPERP
Lighter TAO
Variational Omni TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP