TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0077%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h −0.007%

Price spread now: Polymarket Perps against dYdX+0.173%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now +0.173%, 7d avg +0.043%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.130% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.204%, 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	dYdX TAO-USD	310.54	0.0023	pay 0.0003% / 1h	0m 51s	$124K	$85K	5x
Short	Polymarket Perps TAO-USD	311.08	0.0100	get 0.0013% / 1h	0m 51s	$81K	$905K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against dYdX. 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 dYdXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.173%Rate

Funding earned: $16.25
Price spread: +0.173% → +0.043%: $13
Slippage, 4 orders: −$71.11
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$59.86
Costs to cover: 0.891%
Break-even: 32.8 days

Slippage from dYdX: live order book, 53 min ago; Polymarket Perps: live order book, 52 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 dYdX live order book, 53 min ago	31.65 bp	42.5 bp −$42	67.6 bp −$676	147.8 bp −$14.8K	533.8 bp −$266.9K
Sell Polymarket Perps live order book, 52 min ago	0.96 bp	5.0 bp −$5	5.4 bp −$54	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	311.27	+0.233%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.92	+0.122%	$20K	—	150x	as long as short
dYdX TAO-USDlong	+0.0023%	1h	310.54	long leg	$124K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	311.24	+0.225%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.16	+0.199%	$3K	$867K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.78	+0.075%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.14	+0.193%	$88.8M	$503.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.10	+0.180%	$26.0M	$120.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.90	+0.115%	$13.4M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.29	+0.241%	$103.1M	$145.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	311.14	+0.193%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.84	+0.096%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.26	+0.231%	$41K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.05	+0.164%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	311.08	+0.173%	$81K	$905K	5x
Bullet TAO-USD	+0.0100%	1h	311.24	+0.225%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.00	+0.147%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.54	−0.001%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.22	+0.217%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.97	+0.138%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.438%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.19	+0.209%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.87	+0.107%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.67	+0.040%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0228%	4h	311.40	+0.276%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.30	+0.244%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.434%	$166K	$333	10x	as long as short
Bybit TAOUSDT	+0.0282%	4h	311.21	+0.215%	$67.3M	$151.0M	50x	as long as short
BingX TAO-USDT	+0.0304%	4h	311.14	+0.193%	—	$33.8M	—	as long as short
Nado TAO-PERP	+0.0307%	1h	311.28	+0.237%	$774K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.19	+0.210%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.24	+0.225%	$4.5M	$10.7M	100x	as long as short
Variational Omni TAO	+0.0350%	4h	311.27	+0.235%	$5.5M	$10.1M	—	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.598%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0465%	1h	311.24	+0.225%	$91.2M	$108.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0481%	1h	311.56	+0.328%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0504%	1h	311.45	+0.292%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	311.31	+0.249%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.59	+0.338%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.23	+0.220%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.14	+0.192%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.02	+0.476%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.671%	$23K	$2K	12x	as long as short