Funding you earn now, next payment 02:00 UTC−0.0609%/8h= −66.7% APRpaid last 24h +0.002%
Price spread now: Polymarket Perps against BingX−0.079%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)+1.254%+$125 · spread now −0.079%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Polymarket Perps is 0.089% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% 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 | BingX TAO-USDT | 314.69 | 0.0760 | pay 0.0380% / 4h | 2h 26m | — | $31.0M | — |
| Short | Polymarket Perps TAO-USD | 314.44 | 0.0151 | get 0.0019% / 1h | 26m 45s | $82K | $679K | 5x |
BingX TAO-USDT
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BingX. 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
- −$127.95
- Price spread: −0.079% → +0.009%
- −$8.88
- Slippage, 4 orders
- −$12.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$166.98
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Polymarket Perps: live order book, 41 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 BingX live order book, 7 min ago | 1.45 bp | 7.0 bp −$7 | 12.5 bp −$125 | 29.7 bp −$2,966 | 85.7 bp −$42.9K |
| Sell Polymarket Perps live order book, 41 min ago | 2.84 bp | 8.7 bp −$9 | 9.5 bp −$95 | doesn't fit | doesn't fit |
TAO on 42 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 | 315.19 | +0.158% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 314.22 | −0.150% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.00 | −0.219% | $39K | $626K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.34 | +0.207% | $90.4M | $464.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.50 | +0.257% | $25.9M | $112.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.40 | −0.092% | $12.8M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.33 | +0.203% | $109.3M | $138.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.03 | +0.108% | $18.1M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.75 | +0.019% | $35.1M | $53.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.67 | −0.641% | $35K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.06 | −0.518% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 314.54 | −0.048% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.35 | −0.108% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.34 | −0.111% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.26 | −0.137% | $3.4M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.86 | +0.055% | $173K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0116% | 4h | 313.32 | −0.437% | $516K | $966K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 314.17 | −0.165% | $1K | $700K | 5x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0151% | 1h | 314.44 | −0.079% | $82K | $679K | 5x | |
| Kraken Futures PF_TAOUSD | +0.0168% | 1h | 314.46 | −0.072% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0091% | 1h | 314.13 | −0.178% | $439K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0224% | 1h | 314.52 | −0.054% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0238% | 4h | 314.78 | +0.030% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 315.50 | +0.258% | $371K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0332% | 8h | 315.42 | +0.232% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 314.27 | −0.133% | $99K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | −0.766% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0515% | 1h | 314.38 | −0.100% | $779K | $2.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0574% | 1h | 314.52 | −0.054% | $24K | $1.5M | 25x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | −0.759% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 314.34 | −0.111% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.43 | −0.084% | $362 | — | 20x | as long as short |
| BingX TAO-USDTlong | +0.0760% | 4h | 314.69 | long leg | — | $31.0M | — | |
| Variational Omni TAO | +0.0774% | 4h | 311.95 | −0.872% | $5.4M | $8.8M | — | as long as short |
| Bybit TAOUSDT | +0.0832% | 4h | 315.62 | +0.296% | $66.1M | $137.6M | 50x | as long as short |
| Extended TAO-USD | +0.0896% | 1h | 314.48 | −0.065% | $898K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0897% | 1h | 314.73 | +0.013% | $318K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 315.37 | +0.216% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 314.19 | −0.159% | $449K | $630K | 5x | as long as short |
| Hyperliquid TAO | +0.1234% | 1h | 315.50 | +0.257% | $99.7M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 315.82 | +0.361% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.4286% | 1h | 309.11 | −1.774% | $164K | $40K | 10x | as long as short |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Katana Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Injective TAO/USDC PERP
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Variational Omni TAO
Bybit TAOUSDT
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD