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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against Polymarket Perps−0.148%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
Long on Polymarket PerpsShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.148%, 7d avg +0.035%
Together, before fees+0.348%+$35 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: Aevo is 0.183% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TAO-USD306.820.0104pay 0.0013% / 1h28m 56s$86K$669K5x
ShortAevo TAO-PERP306.360.0104get 0.0013% / 1h28m 56s$168K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Polymarket 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
Price spread: −0.148% → +0.035%
−$18.32
Slippage, 4 orders
−$98.05
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$140.37
Costs to cover
1.221%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 58 min ago; Aevo: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 58 min ago3.04 bp7.0 bp −$78.7 bp −$87doesn't fitdoesn't fit
Sell Aevo live order book, 60 min ago38.01 bp53.0 bp −$53289.2 bp −$2,892doesn't fitdoesn't fit

TAO on 43 venues

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%1h305.82−0.326%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.27−0.180%$19K—150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0078%1h306.38−0.143%$15K$1.3M25xas long as short
Popdex TAOUSDT+0.0096%1h306.70−0.039%$42K$523K20xas long as short
Pacifica TAO+0.0100%1h306.05−0.251%$362K$401K10xas long as short
Binance TAOUSDT+0.0100%4h305.68−0.372%$85.5M$403.0M75xas long as short
Bybit TAOUSDT+0.0100%4h305.80−0.332%$59.1M$118.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.70−0.365%$25.0M$92.3M50xas long as short
Arcus TAO-USD+0.0100%1h306.86+0.013%$136K$594K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.081%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h305.70−0.365%$12.2M$48.0M50xas long as short
MEXC TAO_USDT+0.0100%4h305.92−0.293%$113.0M$123.1M300xas long as short
KuCoin TAOUSDTM+0.0100%4h305.87−0.310%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.57−0.407%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.92−0.293%—$30.5M—as long as short
Variational Omni TAO+0.0100%4h307.53+0.232%$3.6M$6.5M—as long as short
edgeX TAOUSDC+0.0100%4h307.34+0.169%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h307.77+0.309%$539K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h307.19+0.121%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h306.33−0.161%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.31−0.166%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.19−0.205%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.09−0.238%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.83−0.323%$3.2M$7.9M50xas long as short
Polymarket Perps TAO-USDlong+0.0104%1h306.82long leg$86K$669K5x
Aevo TAO-PERPshort+0.0104%1h306.36−0.148%$168K$9983x
Katana Perps TAO-USD+0.0112%8h306.47−0.114%$3K$434K5xas long as short
Aster TAOUSDT+0.0147%4h306.18−0.208%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0163%8h305.90−0.298%$14K$1K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.18−0.209%$437K—100xas long as short
Phoenix TAO+0.0234%1h308.30+0.482%$327K$462K5xas long as short
Nado TAO-PERP+0.0298%1h306.58−0.077%$840K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.14−0.222%$4.2M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h306.97+0.049%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h306.32−0.164%$352—20xas long as short
Extended TAO-USD+0.0696%1h305.78−0.338%$901K$2.0M25xas long as short
Lighter TAO+0.0944%1h306.38−0.143%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h307.34+0.169%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.40−0.136%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h306.86+0.011%$410K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1262%1h305.88−0.306%$442K$712K10xas long as short
Hyperliquid TAO+0.1701%1h306.56−0.085%$93.7M$75.8M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96−0.280%$22K$17112xas long as short