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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 13:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Katana Perps−0.065%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.145%−$15 on $10k
Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.065%, 7d avg −0.016%
Together, before fees+0.177%+$18 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 0.048% cheaper against Katana Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps TAO-USD325.190.0101pay 0.0101% / 8h3h 22m$2K$1.4M5x
ShortPolymarket Perps TAO-USD324.980.0100get 0.0013% / 1h22m 48s$62K$1.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Katana Perps. 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

Funding earned
−$0.16
Price spread: −0.065% → −0.016%
−$4.83
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$16.79
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell Polymarket Perps live order book, 3 min ago3.68 bp8.3 bp −$815.5 bp −$155doesn't fitdoesn't fit
Katana Perps: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h324.81−0.118%$274K$226K5xas long as short
Deribit TAO_USDC-PERPETUAL0.0000%1h324.61−0.180%$16K$2.0M25xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h324.43−0.233%$21K—150xas long as short
Bulk TAO-USD+0.0093%1h324.31−0.271%$172K$66210xas long as short
Popdex TAOUSDT+0.0096%1h325.07−0.037%$59K$643K20xas long as short
Binance TAOUSDT+0.0100%4h324.70−0.150%$98.1M$509.1M75xas long as short
Bybit TAOUSDT+0.0100%4h324.86−0.101%$73.6M$154.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h324.80−0.120%$27.7M$131.6M50xas long as short
Gate TAO_USDT+0.0100%4h324.50−0.212%$17.5M$48.3M50xas long as short
MEXC TAO_USDT+0.0100%4h324.54−0.200%$111.9M$154.1M300xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h324.58−0.188%$18.1M$30.1M75xas long as short
Bitget TAOUSDT+0.0100%4h324.43−0.234%$36.8M$53.2M50xas long as short
BingX TAO-USDT+0.0100%4h324.73−0.141%—$37.6M—as long as short
edgeX TAOUSDC+0.0100%4h325.37+0.056%$43K$326K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h325.57+0.117%$549K$791K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h325.25+0.018%$46K$259K50xas long as short
Polymarket Perps TAO-USDshort+0.0100%1h324.98−0.065%$62K$1.1M5x
Bullet TAO-USD+0.0100%1h324.85−0.105%$12K$14K20xas long as short
SunX TAO-USDT+0.0100%4h324.57−0.191%$2K$1.7M20xas long as short
HTX TAO-USDT+0.0100%4h324.91−0.086%$118K$525K20xas long as short
Katana Perps TAO-USDlong+0.0101%8h325.19long leg$2K$1.4M5x
Extended TAO-USD+0.0104%1h324.55−0.197%$878K$2.2M25xas long as short
Aevo TAO-PERP+0.0104%1h324.84−0.108%$178K$9983xas long as short
Phemex TAOUSDT+0.0108%4h324.77−0.129%$3.3M$8.2M50xas long as short
Paradex TAO-USD-PERP+0.0164%8h325.30+0.034%$15K$76910xas long as short
Pacifica TAO+0.0182%1h325.26+0.022%$393K$447K10xas long as short
Aster TAOUSDT+0.0189%4h324.69−0.155%$1.3M$11.4M50xas long as short
Orderly PERP_TAO_USDC+0.0215%4h324.69−0.154%$53K$264K10xas long as short
Nado TAO-PERP+0.0218%1h324.96−0.070%$680K$2.0M10xas long as short
Hyperliquid TAO+0.0311%1h324.94−0.077%$96.2M$108.2M5xas long as short
Variational Omni TAO+0.0316%4h326.23+0.321%$7.1M$10.2M—as long as short
01 Exchange TAOUSD+0.0320%1h325.35+0.049%$3K$2K5xas long as short
Arcus TAO-USD+0.0329%1h325.38+0.058%$103K$239K5xas long as short
BloFin TAO-USDT+0.0340%4h324.88−0.095%$5.0M$10.1M100xas long as short
Lighter TAO+0.0352%1h324.90−0.089%$1.7M$7.0M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0373% / S −0.0113%1h324.45−0.226%$378K—100xas long as short
Backpack TAO_USDC_PERP+0.0373%1h324.84−0.108%$311K$1.1M10xas long as short
Phoenix TAO+0.0500%1h326.10+0.280%$328K$688K5xas long as short
RISEx TAO/USDC+0.0614%1h325.09−0.031%$418K$674K5xas long as short
Reya TAORUSDPERP+0.0700%1h324.67−0.161%$373—20xas long as short
Coinbase International TAO-PERP-INTX+0.0712%1h325.16−0.009%$1.1M$7.6M50xas long as short
Kraken Futures PF_TAOUSD+0.0946%1h324.96−0.070%$6.4M$20.6M50xas long as short
Injective TAO/USDC PERP+0.4026%1h327.37+0.670%$24K$2K12xas long as short