TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Aevo−0.224%52s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1221.221% of the position

Long on Aevo Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.224%, 7d avg −0.035%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.189% cheaper against Aevo than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	306.36	0.0104	pay 0.0013% / 1h	28m 23s	$168K	$998	3x
Short	Polymarket Perps TAO-USD	305.68	0.0100	get 0.0013% / 1h	28m 23s	$86K	$668K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Polymarket PerpsbpOrdersPrice spread, now −0.224%Rate

Funding earned: −$0.84
Price spread: −0.224% → −0.035%: −$18.87
Slippage, 4 orders: −$98.05
Fee Aevo: 8 bp × 2 orders: −$16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$141.76
Costs to cover: 1.221%
Break-even: never at this rate

Slippage from Aevo: live order book, 60 min ago; Polymarket Perps: live order book, 59 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 Aevo live order book, 60 min ago	38.01 bp	54.0 bp −$54	312.1 bp −$3,121	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 59 min ago	3.04 bp	8.0 bp −$8	8.2 bp −$82	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
dYdX TAO-USD	0.0000%	1h	305.80	−0.185%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.87	−0.488%	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0078%	1h	306.38	+0.005%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.15	−0.397%	$41K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.95	−0.135%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.02	−0.439%	$85.3M	$403.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.20	−0.380%	$59.0M	$118.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.00	−0.446%	$24.9M	$92.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.08	−0.093%	$136K	$595K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.230%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	305.60	−0.250%	$12.2M	$48.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.01	−0.442%	$112.7M	$123.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.13	−0.403%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.69	−0.547%	$34.2M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.02	−0.439%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.381%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.318%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.458%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.269%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	305.68	−0.224%	$86K	$668K	5x
Bullet TAO-USD	+0.0100%	1h	305.00	−0.446%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.31	−0.018%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.19	−0.057%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.09	−0.090%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.83	−0.175%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	306.36	long leg	$168K	$998	3x
Katana Perps TAO-USD	+0.0112%	8h	305.28	−0.354%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	305.78	−0.189%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	305.79	−0.188%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.18	−0.061%	$437K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.632%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0307%	1h	305.31	−0.345%	$834K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.14	−0.073%	$4.2M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	305.57	−0.259%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.01	−0.443%	$351	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.57	−0.261%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0928%	1h	306.17	−0.064%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.34	+0.318%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	306.40	+0.012%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.60	−0.248%	$409K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1262%	1h	305.88	−0.158%	$442K	$712K	10x	as long as short
Hyperliquid TAO	+0.1701%	1h	305.62	−0.243%	$93.4M	$75.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.132%	$22K	$171	12x	as long as short