TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Pacifica−0.231%48s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.315% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.523%+$52 · spread now −0.231%, 7d avg +0.003%

Together, before fees+0.387%+ Points / potential airdropPacifica: Active · farm board+$39 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 0.234% cheaper against Pacifica than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	316.61	0.0100	pay 0.0013% / 1h	3m 39s	$374K	$363K	10x
Short	Polymarket Perps TAO-USD	315.88	0.0103	get 0.0013% / 1h	3m 39s	$77K	$450K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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 PacificabpFee Polymarket PerpsbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0.6
Price spread: −0.231% → +0.003%: −$23.4
Slippage, 4 orders: −$15.48
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$54.27
Costs to cover: 0.315%
Break-even: 635.1 days

Slippage from Pacifica: live order book, 10 min ago; Polymarket Perps: live order book, 9 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 Pacifica live order book, 10 min ago	3.53 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 9 min ago	2.71 bp	6.7 bp −$7	9.3 bp −$93	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
Bulk TAO-USD	−0.2086%	1h	311.96	−1.469%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.43	−0.056%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.59	−0.322%	$22K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−1.431%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.87	−0.234%	$38K	$573K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	316.61	long leg	$374K	$363K	10x
Binance TAOUSDT	+0.0100%	4h	316.70	+0.029%	$89.8M	$430.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	316.65	+0.013%	$65.0M	$127.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	−0.098%	$25.4M	$103.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.00	−0.193%	$12.7M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	316.43	−0.057%	$111.8M	$132.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.66	+0.016%	$18.9M	$27.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.15	−0.145%	$35.3M	$47.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	316.32	−0.092%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	−1.118%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	−1.041%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.86	−1.184%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.82	−0.249%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.37	−0.076%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.25	+0.202%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.65	+0.013%	$129K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.46	+0.268%	$3.4M	$7.9M	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0103%	1h	315.88	−0.231%	$77K	$450K	5x
Aevo TAO-PERP	+0.0104%	1h	316.24	−0.117%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	315.93	−0.215%	$1K	$575K	5x	as long as short
Aster TAOUSDT	+0.0162%	4h	316.47	−0.044%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.55	−0.334%	$450K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	316.39	−0.069%	$84K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0198%	8h	316.64	+0.010%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−1.357%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.71	−1.232%	$4.3M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0430%	1h	315.59	−0.323%	$835K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0442%	1h	317.53	+0.289%	$5.8M	$19.9M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0537%	1h	317.38	+0.243%	$299K	$804K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−1.298%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.05	−0.177%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.61	−0.315%	$363	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0822%	1h	316.69	+0.024%	$25K	$1.5M	25x	as long as short
Extended TAO-USD	+0.0856%	1h	316.32	−0.091%	$918K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	318.06	+0.458%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1192%	1h	317.01	+0.126%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	316.00	−0.192%	$418K	$585K	5x	as long as short
Hyperliquid TAO	+0.1596%	1h	317.16	+0.174%	$99.4M	$84.7M	5x	as long as short