Funding you earn now, next payment 21:00 UTC−0.0856%/8h= −93.7% APRnext payment −$1.07 per $10,000 · paid last 24h −0.200%
Price spread now: Polymarket Perps against Coinbase International−0.169%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days−0.607%−$61 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.169%, 7d avg −0.191%
=The price spread pays, funding is against you. Polymarket Perps is 0.022% dearer against Coinbase International than usual: you sell high and buy low (spread −0.169% now, against its 7-day average of −0.191%): +$2 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.607% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TAO-PERP-INTX | 307.34 | 0.0960 | pay 0.0120% / 1h | 28m 35s | $1.5M | $5.3M | 50x |
| Short | Polymarket Perps TAO-USD | 306.82 | 0.0104 | get 0.0013% / 1h | 28m 35s | $86K | $669K | 5x |
Coinbase International TAO-PERP-INTX
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$179.76
- Price spread: −0.169% → −0.191%
- $2.16
- Slippage, 4 orders
- −$26.04
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$221.64
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 59 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 Coinbase International live order book, 5 min ago | 7.79 bp | 14.4 bp −$14 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 59 min ago | 3.04 bp | 8.0 bp −$8 | 8.2 bp −$82 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 305.80 | −0.502% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 306.27 | −0.348% | $19K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0078% | 1h | 306.38 | −0.312% | $15K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.15 | −0.713% | $41K | $526K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 305.95 | −0.452% | $361K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 305.74 | −0.521% | $85.5M | $403.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 305.80 | −0.501% | $59.1M | $118.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.70 | −0.534% | $25.0M | $92.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.08 | −0.410% | $136K | $595K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | −0.088% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 305.60 | −0.566% | $12.2M | $48.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 305.69 | −0.537% | $113.7M | $123.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 305.76 | −0.514% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.47 | −0.608% | $34.2M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.66 | −0.547% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 307.53 | +0.062% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.34 | −0.001% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.77 | +0.139% | $539K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 307.19 | −0.049% | $46K | $267K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.33 | −0.330% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.31 | −0.335% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.19 | −0.374% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.09 | −0.407% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.83 | −0.491% | $3.2M | $7.9M | 50x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0104% | 1h | 306.82 | −0.169% | $86K | $669K | 5x | |
| Aevo TAO-PERP | +0.0104% | 1h | 306.36 | −0.317% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 305.28 | −0.670% | $3K | $434K | 5x | as long as short |
| Aster TAOUSDT | +0.0147% | 4h | 305.82 | −0.495% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 305.79 | −0.504% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.18 | −0.378% | $437K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.30 | +0.312% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0298% | 1h | 306.58 | −0.246% | $840K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.14 | −0.390% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 305.57 | −0.576% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 306.32 | −0.333% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0696% | 1h | 305.57 | −0.577% | $901K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0928% | 1h | 306.17 | −0.381% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.0960% | 1h | 307.34 | long leg | $1.5M | $5.3M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1029% | 1h | 306.40 | −0.305% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.60 | −0.565% | $409K | $535K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1262% | 1h | 305.88 | −0.475% | $442K | $712K | 10x | as long as short |
| Hyperliquid TAO | +0.1709% | 1h | 306.51 | −0.270% | $93.7M | $75.8M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −0.449% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP