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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 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: ApeX Omni against Polymarket Perps−0.175%63s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as 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−$340.344% of the position
Long on Polymarket PerpsShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.136%+$14 on $10k
Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.175%, 7d avg +0.025%
Together, before fees+0.275%+$28 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: ApeX Omni is 0.200% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TAO-USD319.660.0100pay 0.0013% / 1h32m 19s$100K$1.2M5x
ShortApeX Omni TAOUSDT319.100.0100get 0.0013% / 1h32m 19s$45K$259K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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: −0.175% → +0.025%
−$20
Slippage, 4 orders
−$16.44
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$54.45
Costs to cover
0.344%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; ApeX Omni: live order book, 9 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, 1 min ago1.56 bp5.6 bp −$66.3 bp −$63doesn't fitdoesn't fit
Sell ApeX Omni live order book, 9 min ago4.38 bp11.9 bp −$12115.4 bp −$1,154doesn'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
Bulk TAO-USD−0.1995%1h319.47−0.059%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h319.58−0.025%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h319.52−0.045%$22K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.95+0.091%$42K$705K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.00+0.106%$26.7M$130.0M50xas long as short
Gate TAO_USDT+0.0100%4h319.50−0.050%$14.2M$51.9M50xas long as short
KuCoin TAOUSDTM+0.0100%4h319.70+0.013%$17.9M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h319.64−0.006%$35.9M$58.4M50xas long as short
ApeX Omni TAOUSDTshort+0.0100%1h319.10−0.175%$45K$259K50x
Polymarket Perps TAO-USDlong+0.0100%1h319.66long leg$100K$1.2M5x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h320.32+0.206%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h319.91+0.078%$118K$590K20xas long as short
Katana Perps TAO-USD+0.0109%8h319.69+0.009%$759$1.0M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0119% / S +0.0149%1h319.55−0.035%$427K—100xas long as short
Aevo TAO-PERP+0.0120%1h320.05+0.121%$176K$9983xas long as short
Orderly PERP_TAO_USDC+0.0121%4h319.82+0.050%$53K$292K10xas long as short
edgeX TAOUSDC+0.0159%4h319.21−0.140%$42K$317K10xas long as short
MEXC TAO_USDT+0.0160%4h319.85+0.059%$105.5M$150.0M300xas long as short
Binance TAOUSDT+0.0165%4h319.86+0.063%$92.6M$529.0M75xas long as short
Phemex TAOUSDT+0.0212%4h320.21+0.172%$3.3M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0262%8h319.53−0.041%$14K$1K10xas long as short
Aster TAOUSDT+0.0328%4h319.65−0.003%$1.3M$10.9M50xas long as short
Bybit TAOUSDT+0.0343%4h319.98+0.100%$69.9M$156.1M50xas long as short
BingX TAO-USDT+0.0370%4h319.77+0.034%—$34.5M—as long as short
Bullet TAO-USD+0.0388%1h320.02+0.113%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0388%4h318.88−0.244%$543K$940K10xas long as short
BloFin TAO-USDT+0.0401%4h320.65+0.310%$4.7M$11.1M100xas long as short
Extended TAO-USD+0.0464%1h319.48−0.056%$916K$2.4M25xas long as short
Pacifica TAO+0.0525%1h319.76+0.031%$364K$423K10xas long as short
Variational Omni TAO+0.0538%4h318.75−0.285%$5.6M$10.2M—as long as short
Phoenix TAO+0.0567%1h319.20−0.144%$318K$709K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0570%1h320.38+0.227%$10K$1.9M25xas long as short
Nado TAO-PERP+0.0587%1h319.87+0.066%$798K$2.1M10xas long as short
Hyperliquid TAO+0.0613%1h320.03+0.116%$94.6M$110.3M5xas long as short
01 Exchange TAOUSD+0.0624%1h320.20+0.169%$3K$4K5xas long as short
Arcus TAO-USD+0.0641%1h320.25+0.185%$103K$394K5xas long as short
Backpack TAO_USDC_PERP+0.0686%1h320.02+0.113%$298K$905K10xas long as short
Reya TAORUSDPERP+0.0698%1h319.75+0.027%$368—20xas long as short
Lighter TAO+0.0824%1h319.93+0.083%$1.5M$6.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.89+0.385%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h319.83+0.053%$458K$666K5xas long as short
Kraken Futures PF_TAOUSD+0.1151%1h320.68+0.321%$6.1M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.63+1.242%$24K$2K12xas long as short