TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3992%/8h= −437.2% APRnext payment −$4.99 per $10,000 · paid last 24h −0.610%

Price spread now: Polymarket Perps against Injective−1.051%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−3.514%−$351 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$120 a day on $10k at the current rate, and Polymarket Perps is 1.051% cheaper against Injective than usual: you would sell low and buy high (−$105 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	317.67	0.4092	pay 0.0512% / 1h	57m 16s	$23K	$2K	12x
Short	Polymarket Perps TAO-USD	314.33	0.0100	get 0.0013% / 1h	57m 16s	$77K	$863K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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 InjectivebpFee Polymarket PerpsbpOrdersPrice spread, now −1.051%Rate

Funding earned: −$838.39
Price spread: −1.051% → 0.000%: −$105.14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$951.55
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 61 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 61 min ago	3.34 bp	7.3 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0346%	1h	313.60	−1.280%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	314.80	−0.903%	$126K	$85K	5x	as long as short
Gate TAO_USDT	+0.0004%	4h	314.00	−1.155%	$13.0M	$49.2M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.91	−1.183%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.45	−1.014%	$43K	$655K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.12	−1.118%	$2K	$801K	5x	as long as short
Hyperliquid TAO	+0.0100%	1h	314.56	−0.977%	$92.5M	$106.7M	5x	as long as short
Pacifica TAO	+0.0100%	1h	315.02	−0.834%	$359K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.21	−1.089%	$90.8M	$495.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.10	−1.124%	$67.7M	$149.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	−1.218%	$26.0M	$120.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.80	−0.903%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.40	−1.029%	$100.9M	$143.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.27	−1.070%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.33	−1.366%	$35.0M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.10	−1.124%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.93	−0.863%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.82	−0.898%	$534K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.03	−0.831%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	314.33	−1.051%	$77K	$863K	5x
Bullet TAO-USD	+0.0100%	1h	314.25	−1.078%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.15	−1.108%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.41	−1.026%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.75	−0.604%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.96	−1.168%	$172K	$998	3x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0122%	1h	313.65	−1.266%	$22K	$1.7M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	313.87	−1.196%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	313.90	−1.187%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0146%	8h	314.85	−0.888%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0151%	4h	314.57	−0.975%	$1.2M	$10.4M	50x	as long as short
Nado TAO-PERP	+0.0161%	1h	314.50	−0.997%	$799K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0200%	1h	313.58	−1.286%	$918K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.72	−0.929%	$101K	$440K	5x	as long as short
Lighter TAO	+0.0312%	1h	315.30	−0.746%	$1.5M	$6.4M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	314.42	−1.023%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.69	−0.938%	$4.5M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.87	−0.567%	$314K	$914K	10x	as long as short
Variational Omni TAO	+0.0396%	4h	315.16	−0.790%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	−0.683%	$314K	$695K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.37	−1.039%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	314.37	−1.037%	$435K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	315.26	−0.759%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4092%	1h	317.67	long leg	$23K	$2K	12x