TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Polymarket Perps against ApeX Omni+0.174%63s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$390.385% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)−0.531%−$53 · spread now +0.174%, 7d avg −0.023%

Together, before fees−0.667%−$67 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 0.197% dearer against ApeX Omni than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 63 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	ApeX Omni TAOUSDT	315.82	0.0101	pay 0.0013% / 1h	52m 05s	$45K	$259K	50x
Short	Polymarket Perps TAO-USD	316.37	0.0100	get 0.0013% / 1h	52m 05s	$87K	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.174%Rate

Funding earned: −$0.29
Price spread: +0.174% → −0.023%: $19.7
Slippage, 4 orders: −$20.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.09
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; Polymarket Perps: live order book, 11 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 ApeX Omni live order book, 45 min ago	4.90 bp	12.2 bp −$12	126.9 bp −$1,269	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	2.52 bp	7.2 bp −$7	9.2 bp −$92	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.63	−0.059%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.82	+0.317%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.63	+0.256%	$1K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.50	+0.215%	$26.3M	$130.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.402%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	+0.089%	$14.8M	$49.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.19	+0.117%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.14	+0.101%	$35.6M	$57.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.18	+0.115%	$541K	$887K	10x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	316.37	+0.174%	$87K	$1.2M	5x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	315.89	+0.022%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.14	+0.101%	$116K	$589K	20x	as long as short
ApeX Omni TAOUSDTlong	+0.0101%	1h	315.82	long leg	$45K	$259K	50x
Aevo TAO-PERP	+0.0120%	1h	316.30	+0.150%	$174K	$998	3x	as long as short
dYdX TAO-USD	+0.0122%	1h	316.17	+0.111%	$127K	$86K	5x	as long as short
MEXC TAO_USDT	+0.0164%	4h	316.16	+0.108%	$103.9M	$151.3M	300x	as long as short
Binance TAOUSDT	+0.0166%	4h	316.48	+0.210%	$92.6M	$531.6M	75x	as long as short
edgeX TAOUSDC	+0.0172%	4h	315.95	+0.040%	$42K	$320K	10x	as long as short
BingX TAO-USDT	+0.0176%	4h	316.23	+0.130%	—	$37.3M	—	as long as short
Orderly PERP_TAO_USDC	+0.0197%	4h	316.26	+0.139%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.31	+0.156%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0293%	1h	316.58	+0.240%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0323%	4h	316.28	+0.147%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.41	+0.188%	$371K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0107%	1h	316.15	+0.105%	$372K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0373%	1h	316.13	+0.097%	$15K	$1.9M	25x	as long as short
Extended TAO-USD	+0.0384%	1h	316.07	+0.079%	$899K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.83	+0.320%	$100K	$377K	5x	as long as short
BloFin TAO-USDT	+0.0405%	4h	316.62	+0.253%	$4.8M	$10.9M	100x	as long as short
Nado TAO-PERP	+0.0564%	1h	316.82	+0.316%	$777K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0573%	1h	316.48	+0.208%	$93.6M	$109.5M	5x	as long as short
Phoenix TAO	+0.0578%	1h	318.30	+0.785%	$320K	$714K	5x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.257%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0648%	1h	316.39	+0.180%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	317.15	+0.421%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.52	+0.222%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0787%	1h	316.21	+0.124%	$5.9M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0823%	1h	316.40	+0.184%	$316K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.76	+0.299%	$449K	$668K	5x	as long as short
Bybit TAOUSDT	+0.0881%	4h	316.46	+0.203%	$69.7M	$156.3M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.34	+0.481%	$1.2M	$7.3M	50x	as long as short
Phemex TAOUSDT	+0.1184%	4h	316.33	+0.161%	$3.2M	$8.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.928%	$23K	$2K	12x	as long as short