Funding you earn now, next payment 00:00 UTC+0.1232%/8h= +134.9% APRnext payment +$1.54 per $10,000 · paid last 24h +0.263%
Price spread now: Polymarket Perps against Bulk+1.955%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$168as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 3 days (all we have)+0.289%+$29 on $10k
+Price spread, last 3 days (all we have)−1.693%−$169 · spread now +1.955%, 7d avg +0.062%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Polymarket Perps is 1.893% dearer against Bulk than usual: you sell high and buy low: +$189 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.289% in total (about 31.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.54 per $10,000. 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 | Bulk TAO-USD | 305.94 | −0.1120 | get 0.0140% / 1h | 54m 16s | $164K | $52K | 10x |
| Short | Polymarket Perps TAO-USD | 311.92 | 0.0112 | get 0.0014% / 1h | 54m 16s | $76K | $539K | 5x |
Bulk TAO-USD
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bulk. 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
- $258.81
- Price spread: +1.955% → +0.062%
- $189.28
- Slippage, 4 orders
- −$6.6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $426.48
- Costs to cover
- 0.216%
- Break-even
- from the start
Slippage from Bulk: live order book, 25 min ago; Polymarket Perps: live order book, 23 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 Bulk live order book, 25 min ago | 0.17 bp | 4.1 bp −$4 | 7.9 bp −$79 | 26.7 bp −$2,669 | 54.0 bp −$27.0K |
| Sell Polymarket Perps live order book, 23 min ago | 2.78 bp | 6.8 bp −$7 | 9.4 bp −$94 | 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-USDlong | −0.1120% | 1h | 305.94 | long leg | $164K | $52K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 313.05 | +2.324% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 311.74 | +1.897% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 308.73 | +0.912% | $22K | $259 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.77 | +1.906% | $40K | $555K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.43 | +2.448% | $370K | $370K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.09 | +2.010% | $88.4M | $420.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.07 | +2.004% | $60.8M | $123.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.90 | +1.948% | $25.0M | $99.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.70 | +1.883% | $12.5M | $48.5M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.09 | +2.010% | $119.4M | $125.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.96 | +1.968% | $19.0M | $27.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.84 | +1.928% | $34.8M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 311.92 | +1.955% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.12 | +2.672% | $41K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.40 | +2.766% | $520K | $950K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 311.85 | +1.932% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 311.78 | +1.909% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.37 | +3.082% | $127K | $392K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 311.68 | +1.876% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.11 | +2.017% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 311.59 | +1.847% | $824 | $528K | 5x | as long as short |
| Bullet TAO-USD | +0.0112% | 1h | 312.00 | +1.980% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0112% | 1h | 311.92 | +1.955% | $76K | $539K | 5x | |
| Variational Omni TAO | +0.0177% | 4h | 314.40 | +2.766% | $3.9M | $6.9M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0184% | 1h | 311.83 | +1.925% | $19K | $1.4M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0186% | 8h | 313.07 | +2.332% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.22 | +2.053% | $81K | $644K | 5x | as long as short |
| Aster TAOUSDT | +0.0214% | 4h | 311.98 | +1.973% | $1.1M | $7.8M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.05 | +2.651% | $4.3M | $9.8M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0361% | 1h | 314.07 | +2.657% | $47K | $269K | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 311.95 | +1.964% | $5.8M | $19.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0474% / S −0.0175% | 1h | 311.67 | +1.873% | $447K | — | 100x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 313.80 | +2.569% | $328K | $521K | 5x | as long as short |
| Nado TAO-PERP | +0.0619% | 1h | 311.90 | +1.947% | $835K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0644% | 1h | 314.18 | +2.693% | $301K | $798K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.77 | +1.904% | $359 | — | 20x | as long as short |
| Extended TAO-USD | +0.0784% | 1h | 311.95 | +1.966% | $864K | $2.1M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0936% | 1h | 312.29 | +2.076% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 312.45 | +2.128% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 311.89 | +1.945% | $429K | $536K | 5x | as long as short |
| Lighter TAO | +0.1384% | 1h | 312.46 | +2.130% | $1.6M | $5.7M | 5x | as long as short |
| Hyperliquid TAO | +0.2314% | 1h | 312.47 | +2.134% | $97.8M | $82.6M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
Arcus TAO-USD
Aster TAOUSDT
BloFin TAO-USDT
ApeX Omni TAOUSDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Extended TAO-USD
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO