Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against Gate+0.025%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.377%+$38 · spread now +0.025%, 7d avg +0.040%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	314.80	0.0100	pay 0.0050% / 4h	2m 23s	$12.9M	$50.2M	50x
Short	Polymarket Perps TAO-USD	314.88	0.0100	get 0.0013% / 1h	2m 23s	$77K	$862K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.040%: −$1.48
Slippage, 4 orders: −$34.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$58.67
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Polymarket Perps: live order book, 56 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 Gate live order book, 1 min ago	1.59 bp	22.4 bp −$22	46.8 bp −$468	60.8 bp −$6,076	95.7 bp −$47.9K
Sell Polymarket Perps live order book, 56 min ago	3.34 bp	7.3 bp −$7	10.9 bp −$109	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	314.94	+0.045%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.92	+0.037%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.19	+0.125%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.01	+0.067%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.77	−0.010%	$2K	$800K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.05	+0.079%	$91.0M	$495.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.29	+0.156%	$68.0M	$148.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	+0.127%	$26.0M	$120.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.80	0.000%	$167K	$2K	10x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	314.80	long leg	$12.9M	$50.2M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.07	+0.086%	$100.9M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.86	+0.019%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.98	+0.057%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.04	+0.076%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.70	−0.033%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.68	−0.038%	$533K	$969K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.73	−0.022%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	314.88	+0.025%	$77K	$862K	5x
Bullet TAO-USD	+0.0100%	1h	315.16	+0.116%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.73	−0.022%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.90	+0.032%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.18	+0.121%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.26	+0.145%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0128%	4h	315.16	+0.114%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0144% / S +0.0123%	1h	314.91	+0.033%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0150%	8h	315.01	+0.066%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0159%	4h	315.06	+0.083%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0208%	1h	315.12	+0.102%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0213%	1h	314.97	+0.055%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0288%	1h	315.24	+0.140%	$92.7M	$106.6M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.15	+0.111%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.25	+0.143%	$99K	$438K	5x	as long as short
01 Exchange TAOUSD	+0.0352%	1h	315.06	+0.083%	$3K	$4K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.00	+0.065%	$359K	$412K	10x	as long as short
Backpack TAO_USDC_PERP	+0.0365%	1h	315.30	+0.159%	$313K	$913K	10x	as long as short
Lighter TAO	+0.0384%	1h	315.24	+0.139%	$1.5M	$6.5M	5x	as long as short
Variational Omni TAO	+0.0413%	4h	314.58	−0.068%	$5.7M	$9.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0527%	1h	315.29	+0.155%	$22K	$1.7M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.50	−0.095%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.05	+0.080%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.99	+0.060%	$438K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.16	+0.432%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	317.67	+0.912%	$23K	$2K	12x	as long as short