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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Bybit+0.254%7-day average −0.022% · 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−$9as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Long on BybitShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.115%−$12 on $10k
Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.254%, 7d avg −0.022%
Together, before fees+0.024%+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.276% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TAOUSDT306.890.0100pay 0.0050% / 4h2h 25m$59.3M$118.3M50x
ShortPolymarket Perps TAO-USD307.670.0100get 0.0013% / 1h25m 30s$78K$675K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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

Funding earned
$0
Price spread: +0.254% → −0.022%
$27.65
Slippage, 4 orders
−$17.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$9.09
Costs to cover
0.367%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.16 bp10.0 bp −$1018.2 bp −$18245.3 bp −$4,526doesn't fit
Sell Polymarket Perps live order book, 62 min ago3.04 bp8.0 bp −$88.2 bp −$82doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h307.19+0.097%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h306.97+0.025%$23K—150xas long as short
Popdex TAOUSDT+0.0096%1h307.52+0.205%$42K$523K20xas long as short
Pacifica TAO+0.0100%1h307.57+0.222%$363K$401K10xas long as short
Binance TAOUSDT+0.0100%4h307.07+0.060%$85.8M$403.5M75xas long as short
Bybit TAOUSDTlong+0.0100%4h306.89long leg$59.3M$118.3M50x
OKX TAO-USDT-SWAP+0.0100%8h306.90+0.003%$25.3M$93.1M50xas long as short
Arcus TAO-USD+0.0100%1h307.67+0.254%$138K$597K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.059%$201K$57K10xas long as short
Gate TAO_USDT+0.0100%4h307.10+0.068%$12.2M$48.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h307.20+0.101%$114.1M$123.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h307.37+0.156%$18.6M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h307.16+0.088%$34.4M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h307.20+0.101%—$30.5M—as long as short
Variational Omni TAO+0.0100%4h307.53+0.209%$3.6M$6.5M—as long as short
edgeX TAOUSDC+0.0100%4h305.13−0.575%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.16−0.565%$535K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h304.90−0.648%$46K$267K50xas long as short
Polymarket Perps TAO-USDshort+0.0100%1h307.67+0.254%$78K$675K5x
Bullet TAO-USD+0.0100%1h307.23+0.111%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.81−0.026%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.75−0.371%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h305.72−0.381%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.94−0.310%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.77−0.366%$168K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h307.70+0.264%$1K$437K5xas long as short
Aster TAOUSDT+0.0149%4h307.12+0.076%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0164%8h307.52+0.207%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0174%1h305.88−0.330%$15K$1.3M25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.98+0.029%$439K—100xas long as short
Phoenix TAO+0.0234%1h305.60−0.420%$324K$462K5xas long as short
Nado TAO-PERP+0.0290%1h307.32+0.141%$840K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h305.11−0.580%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h307.93+0.339%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h307.23+0.110%$353—20xas long as short
Extended TAO-USD+0.0696%1h307.50+0.198%$902K$2.0M25xas long as short
Lighter TAO+0.0912%1h307.77+0.288%$1.7M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.79−0.033%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.29−0.197%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h307.67+0.253%$411K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1171%1h306.68−0.068%$443K$715K10xas long as short
Hyperliquid TAO+0.1726%1h307.81+0.300%$94.1M$76.2M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96−0.303%$22K$17112xas long as short