Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.003%

Price spread now: Polymarket Perps against Bitget+0.196%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.196%, 7d avg +0.041%

Together, before fees−0.111%−$11 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 0.155% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.125%, 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	Bitget TAOUSDT	316.60	0.0100	pay 0.0050% / 4h	3h 16m	$35.2M	$51.2M	50x
Short	Polymarket Perps TAO-USD	317.22	0.0279	get 0.0035% / 1h	16m 42s	$93K	$633K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now +0.196%Rate

Funding earned: $37.67
Price spread: +0.196% → +0.041%: $15.49
Slippage, 4 orders: −$15.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $17.95
Costs to cover: 0.352%
Break-even: 3.7 days

Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 56 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 Bitget live order book, 2 min ago	1.42 bp	9.9 bp −$10	22.8 bp −$228	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 56 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	+0.654%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.69	+0.028%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.73	+0.042%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.82	+0.069%	$43K	$596K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.82	+0.069%	$90.8M	$449.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	+0.063%	$25.8M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	+0.063%	$12.8M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.08	+0.152%	$109.8M	$135.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.76	+0.051%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	316.60	long leg	$35.2M	$51.2M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	318.35	+0.551%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	319.06	+0.776%	$528K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.05	+0.142%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.67	+0.022%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.16	+0.177%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.93	+0.104%	$3.4M	$7.8M	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.92	+0.101%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.75	+0.049%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	316.85	+0.079%	$733	$633K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0094%	1h	316.61	+0.002%	$455K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.98	+0.121%	$376K	$375K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.31	+0.224%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0212%	4h	316.76	+0.052%	$1.2M	$8.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	316.97	+0.117%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0257%	1h	317.00	+0.126%	$17K	$1.5M	25x	as long as short
Polymarket Perps TAO-USDshort	+0.0279%	1h	317.22	+0.196%	$93K	$633K	5x
ApeX Omni TAOUSDT	+0.0292%	1h	318.26	+0.524%	$49K	$267K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.01	+0.130%	$4.4M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.97	+0.116%	$5.7M	$20.3M	50x	as long as short
Variational Omni TAO	+0.0515%	4h	318.38	+0.563%	$5.6M	$8.7M	—	as long as short
Phoenix TAO	+0.0525%	1h	318.00	+0.442%	$333K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0568%	1h	316.93	+0.104%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.370%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0596%	4h	317.00	+0.126%	—	$30.4M	—	as long as short
Bybit TAOUSDT	+0.0629%	4h	317.10	+0.158%	$65.3M	$133.2M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	316.95	+0.112%	$364	—	20x	as long as short
Nado TAO-PERP	+0.0776%	1h	317.21	+0.192%	$882K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0822%	1h	317.10	+0.158%	$320K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.12	+0.480%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1136%	1h	317.09	+0.154%	$912K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.01	+0.129%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1416%	1h	317.41	+0.257%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.1909%	1h	317.21	+0.193%	$101.9M	$91.6M	5x	as long as short