TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against Bullet+0.136%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Polymarket Perps is 0.136% dearer against Bullet than usual: you sell high and buy low (spread +0.136% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	320.58	0.0303	pay 0.0038% / 1h	36m 19s	$12K	$18K	20x
Short	Polymarket Perps TAO-USD	321.02	0.0100	get 0.0013% / 1h	36m 19s	$88K	$789K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bullet. 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 BulletbpFee Polymarket PerpsbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$42.73
Price spread: +0.136% → 0.000%: $13.59
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$45.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Polymarket Perps: live order book, 27 min ago. Net counts fees only.

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 Bullet no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 27 min ago	1.42 bp	5.4 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3652%	1h	316.49	−1.277%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.84	+0.079%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.05	−0.166%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.77	+0.058%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.47	−0.036%	$93.4M	$474.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.10	−0.151%	$26.4M	$117.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	−0.026%	$13.1M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.46	−0.039%	$109.7M	$140.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.49	−0.029%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.27	−0.098%	$35.8M	$54.1M	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	319.73	−0.266%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	321.02	+0.136%	$88K	$789K	5x
SunX TAO-USDT	+0.0100%	4h	320.32	−0.082%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.67	+0.027%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.44	−0.045%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.69	+0.031%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0107%	4h	320.46	−0.039%	$58K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.84	+0.080%	$682	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0106%	1h	320.08	−0.158%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.386%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	320.47	−0.037%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USDlong	+0.0303%	1h	320.58	long leg	$12K	$18K	20x
Paradex TAO-USD-PERP	+0.0320%	8h	321.19	+0.189%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.38	+0.248%	$4.5M	$10.7M	100x	as long as short
Aster TAOUSDT	+0.0342%	4h	320.53	−0.016%	$1.2M	$9.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0376%	1h	320.33	−0.081%	$17K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	321.17	+0.183%	$379K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.026%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	321.45	+0.270%	$101K	$490K	5x	as long as short
Nado TAO-PERP	+0.0539%	1h	320.54	−0.015%	$777K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0591%	4h	320.40	−0.058%	$68.5M	$140.6M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	320.37	−0.067%	—	$30.3M	—	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.432%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.58	−0.001%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	321.39	+0.251%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.114%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	320.66	+0.022%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0904%	1h	320.35	−0.072%	$939K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1015%	1h	321.59	+0.314%	$442K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	321.63	+0.326%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	321.21	+0.195%	$457K	$627K	5x	as long as short
Hyperliquid TAO	+0.1355%	1h	320.95	+0.114%	$100.9M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.869%	$24K	$2K	12x	as long as short