Funding you earn now, next payment 22:00 UTC−0.0596%/8h= −65.3% APRnext payment −$0.75 per $10,000 · paid last 24h −0.012%
Price spread now: Polymarket Perps against Extended+0.037%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 3 days (all we have)+0.417%+$42 · spread now +0.037%, 7d avg +0.049%
=Together, before fees+0.248%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 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 | Extended TAO-USD | 305.57 | 0.0696 | pay 0.0087% / 1h | 28m 30s | $901K | $2.0M | 25x |
| Short | Polymarket Perps TAO-USD | 305.68 | 0.0100 | get 0.0013% / 1h | 28m 30s | $86K | $668K | 5x |
Extended TAO-USD
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. 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
- −$125.16
- Price spread: +0.037% → +0.049%
- −$1.22
- Slippage, 4 orders
- −$14.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$153.41
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from Extended: 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 Extended live order book, 5 min ago | 1.46 bp | 6.9 bp −$7 | 10.1 bp −$101 | 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 | +0.076% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 304.87 | −0.228% | $19K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0078% | 1h | 306.38 | +0.267% | $15K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.15 | −0.136% | $41K | $526K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 305.95 | +0.126% | $361K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 305.02 | −0.179% | $85.3M | $403.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 305.20 | −0.120% | $59.0M | $118.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.00 | −0.185% | $24.9M | $92.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.08 | +0.168% | $136K | $595K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | +0.492% | $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 | +0.011% | $12.2M | $48.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 305.01 | −0.182% | $112.7M | $123.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 305.13 | −0.143% | $18.4M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 304.69 | −0.287% | $34.2M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.02 | −0.179% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 307.53 | +0.643% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.34 | +0.580% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.77 | +0.720% | $539K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 307.19 | +0.531% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0100% | 1h | 305.68 | +0.037% | $86K | $668K | 5x | |
| Bullet TAO-USD | +0.0100% | 1h | 305.00 | −0.185% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.31 | +0.243% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.19 | +0.204% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.09 | +0.171% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.83 | +0.086% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.36 | +0.261% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 305.28 | −0.094% | $3K | $434K | 5x | as long as short |
| Aster TAOUSDT | +0.0147% | 4h | 305.78 | +0.071% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 305.79 | +0.073% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.18 | +0.201% | $437K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.30 | +0.895% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0307% | 1h | 305.31 | −0.085% | $834K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.14 | +0.188% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 305.57 | +0.001% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 305.01 | −0.183% | $351 | — | 20x | as long as short |
| Extended TAO-USDlong | +0.0696% | 1h | 305.57 | long leg | $901K | $2.0M | 25x | |
| Lighter TAO | +0.0928% | 1h | 306.17 | +0.198% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 307.34 | +0.580% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1029% | 1h | 306.40 | +0.273% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.60 | +0.012% | $409K | $535K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1262% | 1h | 305.88 | +0.103% | $442K | $712K | 10x | as long as short |
| Hyperliquid TAO | +0.1701% | 1h | 305.62 | +0.018% | $93.4M | $75.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | +0.129% | $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
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP