Funding you earn now, next payment 01:00 UTC+0.0408%/8h= +44.6% APRpaid last 24h 0.000%
Price spread now: Bybit against Polymarket Perps−0.161%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.161%, 7d avg +0.022%
=Funding pays, the price is against you. Bybit is 0.183% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.022%). If the spread goes back, that is −$18 on $10k: about 36 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.115% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. 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 | 316.82 | 0.0270 | pay 0.0034% / 1h | 12m 56s | $93K | $633K | 5x |
| Short | Bybit TAOUSDT | 316.31 | 0.0678 | get 0.0339% / 4h | 3h 12m | $65.1M | $133.4M | 50x |
Polymarket Perps TAO-USD
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $85.63
- Price spread: −0.161% → +0.022%
- −$18.34
- Slippage, 4 orders
- −$18.09
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $30.2
- Costs to cover
- 0.371%
- Break-even
- 4.5 days
Slippage from Polymarket Perps: live order book, 60 min ago; Bybit: 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 Polymarket Perps live order book, 60 min ago | 2.71 bp | 6.7 bp −$7 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.16 bp | 12.0 bp −$12 | 18.8 bp −$188 | 35.5 bp −$3,554 | 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 | −0.1821% | 1h | 318.67 | +0.584% | $169K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.65 | −0.054% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.22 | −0.191% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.77 | −0.016% | $42K | $598K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.02 | −0.252% | $90.6M | $450.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.00 | −0.259% | $25.7M | $108.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.10 | −0.227% | $12.8M | $51.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.09 | −0.230% | $110.1M | $136.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.99 | −0.262% | $17.9M | $29.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.86 | −0.303% | $35.2M | $51.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 316.13 | −0.218% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.19 | −0.199% | $524K | $958K | 10x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 316.42 | −0.126% | $12K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.24 | −0.183% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.17 | −0.205% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.44 | −0.120% | $126K | $422K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.78 | −0.013% | $3.4M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.88 | +0.017% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 316.86 | +0.013% | $1K | $636K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0097% | 1h | 316.06 | −0.241% | $453K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 317.08 | +0.081% | $376K | $375K | 10x | as long as short |
| Aster TAOUSDT | +0.0198% | 4h | 316.25 | −0.181% | $1.3M | $8.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.07 | +0.079% | $84K | $550K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0234% | 8h | 317.01 | +0.060% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0247% | 1h | 316.30 | −0.164% | $17K | $1.5M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0247% | 1h | 316.20 | −0.196% | $48K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0270% | 1h | 316.82 | long leg | $93K | $633K | 5x | |
| BloFin TAO-USDT | +0.0340% | 4h | 316.46 | −0.114% | $4.5M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0485% | 1h | 316.40 | −0.134% | $5.7M | $20.3M | 50x | as long as short |
| Variational Omni TAO | +0.0516% | 4h | 316.67 | −0.049% | $5.5M | $8.7M | — | as long as short |
| Phoenix TAO | +0.0525% | 1h | 316.60 | −0.069% | $331K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 316.86 | +0.013% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 317.77 | +0.300% | $23K | $802 | 12x | as long as short |
| BingX TAO-USDT | +0.0596% | 4h | 316.10 | −0.227% | — | $30.4M | — | as long as short |
| Bybit TAOUSDTshort | +0.0678% | 4h | 316.31 | −0.161% | $65.1M | $133.4M | 50x | |
| Reya TAORUSDPERP | +0.0695% | 1h | 316.41 | −0.129% | $364 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0762% | 1h | 316.72 | −0.032% | $879K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0805% | 1h | 316.37 | −0.142% | $320K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.34 | +0.164% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USD | +0.1112% | 1h | 315.93 | −0.282% | $886K | $2.3M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 316.81 | −0.002% | $419K | $593K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 317.03 | +0.068% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1854% | 1h | 316.43 | −0.123% | $101.4M | $91.8M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Variational Omni TAO
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
BingX TAO-USDT
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO