Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

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

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.415%+$41 · spread now −0.025%, 7d avg +0.025%

Together, before fees+0.325%+$32 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 0.050% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	317.80	0.0100	pay 0.0100% / 8h	6h 20m	$27.0M	$129.5M	50x
Short	Polymarket Perps TAO-USD	317.72	0.0100	get 0.0013% / 1h	20m 09s	$81K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.025%: −$4.99
Slippage, 4 orders: −$20.84
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$43.83
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 1 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 OKX live order book, 2 min ago	1.57 bp	8.1 bp −$8	16.2 bp −$162	71.1 bp −$7,112	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	4.88 bp	8.9 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit

TAO on 43 exchanges

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
Bulk TAO-USD	−0.1080%	1h	318.61	+0.255%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	318.01	+0.065%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.10	+0.094%	$51K	$633K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.91	+0.035%	$69.6M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	317.80	long leg	$27.0M	$129.5M	50x
Gate TAO_USDT	+0.0100%	4h	317.60	−0.063%	$15.6M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.71	−0.028%	$17.6M	$31.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.56	−0.076%	$36.0M	$56.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.33	+0.481%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	317.72	−0.025%	$81K	$1.1M	5x

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.78	−0.006%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.89	+0.028%	$117K	$557K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.93	+0.041%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	318.00	+0.063%	$2K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	317.82	+0.005%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0128%	4h	319.40	+0.504%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0128%	4h	317.86	+0.019%	—	$39.0M	—	as long as short
MEXC TAO_USDT	+0.0132%	4h	317.88	+0.025%	$110.5M	$151.8M	300x	as long as short
Binance TAOUSDT	+0.0134%	4h	317.86	+0.018%	$93.3M	$516.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0182%	8h	317.85	+0.014%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0216%	1h	317.76	−0.014%	$963K	$2.1M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0249%	4h	317.77	−0.009%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	318.62	+0.259%	$541K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	317.92	+0.037%	$371K	$447K	10x	as long as short
Aster TAOUSDT	+0.0305%	4h	317.90	+0.033%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.45	−0.109%	$373K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.47	+0.211%	$100K	$329K	5x	as long as short
Lighter TAO	+0.0368%	1h	317.87	+0.022%	$1.6M	$6.7M	5x	as long as short
BloFin TAO-USDT	+0.0372%	4h	318.45	+0.205%	$4.9M	$10.5M	100x	as long as short
Bullet TAO-USD	+0.0385%	1h	317.91	+0.035%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0410%	4h	318.32	+0.164%	$5.7M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0447%	1h	317.84	+0.012%	$712K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0557%	1h	317.74	−0.019%	$14K	$1.9M	25x	as long as short
Phoenix TAO	+0.0567%	1h	319.00	+0.378%	$321K	$712K	5x	as long as short
dYdX TAO-USD	+0.0638%	1h	317.71	−0.027%	$268K	$235K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	318.18	+0.120%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0684%	1h	317.92	+0.038%	$6.2M	$20.5M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	317.81	+0.003%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	317.97	+0.053%	$439K	$704K	5x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	318.53	+0.230%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0793%	1h	318.15	+0.110%	$96.0M	$108.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.47	+0.211%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	322.26	+1.403%	$23K	$2K	12x	as long as short