Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Binance+0.088%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now +0.088%, 7d avg +0.002%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.087% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	316.63	0.0100	pay 0.0050% / 4h	3h 11m	$90.8M	$450.1M	75x
Short	Polymarket Perps TAO-USD	316.91	0.0272	get 0.0034% / 1h	11m 23s	$93K	$633K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.088%Rate

Funding earned: $36.12
Price spread: +0.088% → +0.002%: $8.66
Slippage, 4 orders: −$14.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $12.73
Costs to cover: 0.321%
Break-even: 4.5 days

Slippage from Binance: live order book, 2 min ago; Polymarket Perps: live order book, 61 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 Binance live order book, 2 min ago	0.16 bp	9.1 bp −$9	18.6 bp −$186	45.7 bp −$4,566	doesn't fit
Sell Polymarket Perps live order book, 61 min ago	2.71 bp	6.7 bp −$7	9.3 bp −$93	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
Bulk TAO-USD	−0.1821%	1h	318.67	+0.644%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.59	−0.329%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.38	−0.077%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.50	−0.041%	$42K	$598K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	316.63	long leg	$90.8M	$450.1M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	−0.009%	$25.8M	$109.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.041%	$12.8M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.67	+0.013%	$99.0M	$136.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.50	−0.041%	$18.0M	$29.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.55	−0.025%	$35.2M	$51.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.13	−0.158%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.170%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.60	−0.009%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.93	−0.221%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.39	−0.076%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.47	−0.051%	$3.4M	$7.8M	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.76	+0.042%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.14	+0.161%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	316.52	−0.035%	$1K	$636K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.38	−0.079%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.05	−0.182%	$374K	$375K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.72	+0.028%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0202%	4h	316.22	−0.129%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	315.90	−0.230%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0247%	1h	316.20	−0.136%	$48K	$267K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0272%	1h	316.91	+0.088%	$93K	$633K	5x
BloFin TAO-USDT	+0.0340%	4h	316.46	−0.054%	$4.5M	$10.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0365%	1h	316.22	−0.129%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0485%	1h	316.26	−0.116%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	−0.009%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.099%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.84	+0.066%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.360%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.70	+0.022%	—	$30.5M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.86	+0.072%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0697%	4h	316.93	+0.095%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0758%	1h	316.43	−0.064%	$876K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0803%	1h	316.24	−0.123%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	316.73	+0.032%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	316.43	−0.064%	$886K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.59	−0.011%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1432%	1h	316.55	−0.026%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1843%	1h	316.91	+0.087%	$101.5M	$91.8M	5x	as long as short