TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0845%/8h= +92.5% APRnext payment +$1.06 per $10,000 · paid last 24h +0.215%

Price spread now: Coinbase International against Polymarket Perps+0.224%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.628%+$63 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.224%, 7d avg +0.187%

Together, before fees+0.584%+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.037% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	316.31	0.0115	pay 0.0014% / 1h	0m 48s	$77K	$450K	5x
Short	Coinbase International TAO-PERP-INTX	317.02	0.0960	get 0.0120% / 1h	0m 48s	$1.5M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.224%Rate

Funding earned: $177.44
Price spread: +0.224% → +0.187%: $3.7
Slippage, 4 orders: −$28.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $134.79
Costs to cover: 0.464%
Break-even: 1.7 days

Slippage from Polymarket Perps: live order book, 12 min ago; Coinbase International: live order book, 3 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, 12 min ago	2.71 bp	6.7 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	10.40 bp	17.5 bp −$18	19.1 bp −$191	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	−1.375%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.26	−0.333%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.05	−0.083%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.376%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.07	−0.076%	$39K	$569K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.63	−0.213%	$373K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.86	+0.490%	$90.2M	$432.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.82	+0.477%	$65.4M	$128.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.50	+0.376%	$25.6M	$104.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.20	+0.281%	$12.7M	$50.7M	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	317.25	+0.297%	$114.2M	$133.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.33	+0.322%	$18.9M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.24	+0.294%	$35.5M	$47.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	317.35	+0.329%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.07	−0.075%	$41K	$282K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−1.079%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.22	−0.028%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.50	+0.060%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.00	−0.098%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.27	−0.013%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.09	−0.070%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.64	+0.104%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.99	−0.100%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.60	−0.224%	$1K	$577K	5x	as long as short
Polymarket Perps TAO-USDlong	+0.0115%	1h	316.31	long leg	$77K	$450K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	316.02	−0.092%	$450K	—	100x	as long as short
Aster TAOUSDT	+0.0182%	4h	317.51	+0.380%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.88	−0.136%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0197%	8h	315.38	−0.294%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0233%	4h	316.35	+0.013%	$5.4M	$8.5M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.54	+0.389%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0406%	1h	315.96	−0.112%	$29K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0430%	1h	316.11	−0.064%	$858K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0444%	1h	316.26	−0.017%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−0.035%	$331K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0552%	1h	317.67	+0.430%	$316K	$813K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.21	−0.032%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	316.09	−0.069%	$364	—	20x	as long as short
Extended TAO-USD	+0.0904%	1h	317.16	+0.269%	$900K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0960%	1h	317.02	+0.224%	$1.5M	$5.9M	50x
Lighter TAO	+0.1200%	1h	318.25	+0.612%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.63	−0.215%	$418K	$584K	5x	as long as short
Hyperliquid TAO	+0.1593%	1h	318.04	+0.547%	$99.7M	$84.9M	5x	as long as short