Funding you earn now, next payment 09:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.029%
Price spread now: Arcus against Polymarket Perps+0.025%50s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.366% of the position
Funding, last 4 days (all we have)+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)−0.589%−$59 · spread now +0.025%, 7d avg +0.073%
=Funding pays, the price is against you. Arcus is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.073%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.041% in total) that is about 4.4 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.041% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TAO-USD | 318.70 | 0.0100 | pay 0.0013% / 1h | 18m 41s | $88K | $1.1M | 5x |
| Short | Arcus TAO-USD | 318.78 | 0.0404 | get 0.0051% / 1h | 18m 41s | $100K | $343K | 5x |
Polymarket Perps TAO-USD
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $63.85
- Price spread: +0.025% → +0.073%
- −$4.79
- Slippage, 4 orders
- −$24.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $22.46
- Costs to cover
- 0.366%
- Break-even
- 4.5 days
Slippage from Polymarket Perps: live order book, 44 min ago; Arcus: live order book, 15 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 Polymarket Perps live order book, 44 min ago | 2.52 bp | 6.5 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 15 min ago | 6.99 bp | 9.9 bp −$10 | 25.4 bp −$254 | 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 | −0.0269% | 1h | 313.94 | −1.494% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 318.73 | +0.010% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.11 | +0.129% | $49K | $697K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 318.36 | −0.107% | $69.6M | $154.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.20 | −0.157% | $26.5M | $129.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.10 | −0.188% | $15.1M | $50.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.32 | −0.119% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.98 | −0.226% | $35.9M | $56.9M | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 318.70 | long leg | $88K | $1.1M | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 318.74 | +0.013% | $1K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 319.08 | +0.119% | $116K | $573K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.87 | +0.053% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 318.89 | +0.061% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0126% | 8h | 318.38 | −0.100% | $1K | $1.2M | 5x | as long as short |
| BingX TAO-USDT | +0.0152% | 4h | 318.31 | −0.122% | — | $38.8M | — | as long as short |
| edgeX TAOUSDC | +0.0153% | 4h | 319.28 | +0.181% | $42K | $321K | 10x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 318.28 | −0.132% | $111.0M | $153.7M | 300x | as long as short |
| Binance TAOUSDT | +0.0168% | 4h | 318.39 | −0.097% | $92.7M | $520.9M | 75x | as long as short |
| Orderly PERP_TAO_USDC | +0.0234% | 4h | 319.06 | +0.113% | $54K | $276K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0241% | 8h | 318.27 | −0.135% | $14K | $876 | 10x | as long as short |
| dYdX TAO-USD | +0.0288% | 1h | 318.40 | −0.094% | $128K | $87K | 5x | as long as short |
| Bullet TAO-USD | +0.0292% | 1h | 319.04 | +0.106% | $12K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0293% | 1h | 319.06 | +0.113% | $45K | $254K | 50x | as long as short |
| Aster TAOUSDT | +0.0335% | 4h | 318.40 | −0.094% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 318.49 | −0.066% | $361K | $437K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0367% / S −0.0109% | 1h | 319.14 | +0.137% | $378K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0370% | 4h | 319.29 | +0.186% | $541K | $838K | 10x | as long as short |
| Arcus TAO-USDshort | +0.0404% | 1h | 318.78 | +0.025% | $100K | $343K | 5x | |
| BloFin TAO-USDT | +0.0406% | 4h | 318.98 | +0.088% | $4.8M | $10.9M | 100x | as long as short |
| Extended TAO-USD | +0.0416% | 1h | 318.20 | −0.157% | $893K | $2.2M | 25x | as long as short |
| Nado TAO-PERP | +0.0450% | 1h | 319.00 | +0.093% | $773K | $1.9M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0491% | 1h | 319.01 | +0.098% | $9K | $1.8M | 25x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.20 | +0.157% | $321K | $714K | 5x | as long as short |
| Hyperliquid TAO | +0.0586% | 1h | 318.79 | +0.028% | $94.6M | $109.3M | 5x | as long as short |
| Variational Omni TAO | +0.0616% | 4h | 319.30 | +0.188% | $5.6M | $10.0M | — | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 319.71 | +0.317% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0680% | 1h | 318.77 | +0.023% | $1.6M | $6.7M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 318.86 | +0.051% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0745% | 1h | 319.06 | +0.113% | $315K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0780% | 1h | 319.28 | +0.182% | $6.1M | $21.2M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.23 | −0.148% | $452K | $706K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.66 | +0.301% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.292% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
BingX TAO-USDT
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
dYdX TAO-USD
Bullet TAO-USD
ApeX Omni TAOUSDT
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Hyperliquid TAO
Variational Omni TAO
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP