Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.022%

Price spread now: Polymarket Perps against GRVT+0.408%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.743%−$74 · spread now +0.408%, 7d avg −0.006%

Together, before fees−0.822%+ Points / potential airdropGRVT: Active · farm board−$82 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 0.414% dearer against GRVT than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	314.59	0.0136	pay 0.0068% / 4h	2h 25m	$518K	$966K	10x
Short	Polymarket Perps TAO-USD	315.87	0.0143	get 0.0018% / 1h	25m 18s	$82K	$679K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GRVT. 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 GRVTbpFee Polymarket PerpsbpOrdersPrice spread, now +0.408%Rate

Funding earned: $1.48
Price spread: +0.408% → −0.006%: $41.43
Slippage, 4 orders: −$21.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $4.45
Costs to cover: 0.385%
Break-even: from the start

Slippage from GRVT: live order book, 43 min ago; Polymarket Perps: live order book, 42 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 GRVT live order book, 43 min ago	1.42 bp	11.4 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 42 min ago	2.84 bp	8.7 bp −$9	9.5 bp −$95	doesn't fit	doesn't fit

TAO on 42 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	314.17	−0.132%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.33	+0.237%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.67	+0.345%	$39K	$626K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.73	+0.364%	$90.5M	$464.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.60	+0.323%	$26.1M	$112.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.50	+0.291%	$12.8M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.01	+0.453%	$109.6M	$138.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.85	+0.402%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.98	+0.126%	$35.1M	$53.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.096%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	313.06	−0.485%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.55	+0.307%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.45	+0.275%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.45	−0.043%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.84	+0.081%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.54	+0.302%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	315.49	+0.288%	$1K	$700K	5x	as long as short
GRVT TAO_USDT_Perplong	+0.0136%	4h	314.59	long leg	$518K	$966K	10x
Polymarket Perps TAO-USDshort	+0.0143%	1h	315.87	+0.408%	$82K	$679K	5x
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.95	+0.116%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	315.46	+0.279%	$441K	—	100x	as long as short
Bullet TAO-USD	+0.0229%	1h	315.85	+0.401%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0238%	4h	315.09	+0.160%	$1.3M	$9.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0284%	1h	315.10	+0.165%	$24K	$1.5M	25x	as long as short
Pacifica TAO	+0.0285%	1h	314.77	+0.059%	$370K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0336%	8h	314.80	+0.069%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.23	+0.205%	$99K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−0.733%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0512%	1h	315.68	+0.348%	$781K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−0.726%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	315.43	+0.269%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.98	+0.442%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	315.71	+0.358%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	+0.308%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0826%	4h	315.92	+0.424%	$66.2M	$137.7M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	315.09	+0.161%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0906%	1h	315.66	+0.342%	$319K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.20	+0.513%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.08	+0.157%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1253%	1h	316.30	+0.545%	$100.0M	$94.9M	5x	as long as short
Lighter TAO	+0.1424%	1h	315.70	+0.353%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−1.793%	$164K	$40K	10x	as long as short