Funding you earn now, next payment 05:00 UTC+0.0353%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h −0.068%
Price spread now: RISEx against Hyperliquid−0.082%7-day average −0.068% · 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−$25as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 4 days (all we have)+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.082%, 7d avg −0.068%
=Together, before fees+0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.111% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. 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 | 312.67 | 0.0463 | pay 0.0058% / 1h | 19m 27s | $91.9M | $107.7M | 5x |
| Short | RISEx TAO/USDC | 312.41 | 0.0816 | get 0.0102% / 1h | 19m 27s | $443K | $653K | 5x |
Hyperliquid TAO
RISEx TAO/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $74.16
- Price spread: −0.082% → −0.068%
- −$1.42
- Slippage, 4 orders
- −$8.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $48.75
- Costs to cover
- 0.240%
- Break-even
- 2.4 days
Slippage from Hyperliquid: live order book, 4 min ago; RISEx: live order book, 34 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, 4 min ago | 0.16 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 34 min ago | 1.59 bp | 4.6 bp −$5 | 28.0 bp −$280 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0348% | 1h | 312.22 | −0.144% | $5.5M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.10 | −0.182% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0012% | 1h | 311.79 | −0.282% | $124K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.49 | −0.058% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 312.23 | −0.141% | $639 | $842K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.16 | −0.164% | $355K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.41 | −0.083% | $89.5M | $500.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | −0.118% | $26.0M | $120.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.10 | −0.182% | $13.3M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 312.38 | −0.093% | $102.5M | $145.3M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.40 | −0.086% | $17.8M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.09 | −0.185% | $35.0M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.34 | −0.106% | — | $33.8M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.63 | −0.333% | $41K | $314K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.55 | −0.359% | $529K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.69 | −0.313% | $46K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.33 | −0.109% | $79K | $901K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.31 | −0.115% | $11K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.68 | −0.317% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.70 | −0.310% | $110K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.08 | −0.189% | $3.1M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.45 | −0.070% | $172K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0104% | 4h | 312.38 | −0.093% | $1.3M | $10.5M | 50x | as long as short |
| Bybit TAOUSDT | +0.0105% | 4h | 312.52 | −0.048% | $67.3M | $150.4M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0115% | 4h | 312.28 | −0.125% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0137% / S +0.0135% | 1h | 312.03 | −0.203% | $414K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0150% | 8h | 312.18 | −0.157% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 312.60 | −0.022% | $101K | $394K | 5x | as long as short |
| Extended TAO-USD | +0.0304% | 1h | 312.23 | −0.140% | $909K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0308% | 4h | 311.97 | −0.224% | $5.5M | $10.1M | — | as long as short |
| Nado TAO-PERP | +0.0336% | 1h | 312.54 | −0.041% | $789K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.79 | −0.281% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.30 | −0.118% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAOlong | +0.0463% | 1h | 312.67 | long leg | $91.9M | $107.7M | 5x | |
| 01 Exchange TAOUSD | +0.0480% | 1h | 312.67 | 0.000% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0495% | 1h | 312.17 | −0.160% | $310K | $885K | 10x | as long as short |
| Lighter TAO | +0.0576% | 1h | 312.43 | −0.078% | $1.5M | $6.5M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0627% | 1h | 312.37 | −0.097% | $14K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.42 | −0.080% | $359 | — | 20x | as long as short |
| RISEx TAO/USDCshort | +0.0816% | 1h | 312.41 | −0.082% | $443K | $653K | 5x | |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.559% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.08 | −0.189% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +0.822% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Bybit TAOUSDT
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Arcus TAO-USD
Extended TAO-USD
Variational Omni TAO
Nado TAO-PERP
BloFin TAO-USDT
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP