Funding you earn now, next payment 09:00 UTC+0.0335%/8h= +36.7% APRnext payment +$0.42 per $10,000 · paid last 24h +0.025%
Price spread now: Deribit against Polymarket Perps−0.020%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.020%, 7d avg +0.036%
=Funding pays, the price is against you. Deribit is 0.056% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.036%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$10 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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 | 318.00 | 0.0100 | pay 0.0013% / 1h | 56m 50s | $87K | $1.2M | 5x |
| Short | Deribit TAO_USDC-PERPETUAL | 317.94 | 0.0435 | get 0.0054% / 1h | 56m 50s | $15K | $1.9M | 25x |
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $70.35
- Price spread: −0.020% → +0.036%
- −$5.6
- Slippage, 4 orders
- −$20.26
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $29.49
- Costs to cover
- 0.353%
- Break-even
- 4.1 days
Slippage from Polymarket Perps: live order book, 6 min ago; Deribit: live order book, 2 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, 6 min ago | 2.52 bp | 6.5 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 7.07 bp | 11.0 bp −$11 | 287.6 bp −$2,876 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 317.35 | −0.204% | $127K | $86K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 317.82 | −0.057% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.27 | +0.085% | $49K | $718K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 317.97 | −0.009% | $651 | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.00 | −0.314% | $26.4M | $131.1M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 317.09 | −0.286% | $168K | $0 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.30 | −0.220% | $14.8M | $48.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.42 | −0.182% | $17.9M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.40 | −0.189% | $35.7M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 318.00 | long leg | $87K | $1.2M | 5x |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.07 | +0.022% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.68 | −0.101% | $116K | $590K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.93 | −0.022% | $3.2M | $8.1M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0102% / S +0.0141% | 1h | 317.93 | −0.021% | $405K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 318.18 | +0.055% | $175K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0157% | 1h | 317.94 | −0.019% | $46K | $259K | 50x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 317.31 | −0.218% | $92.8M | $532.5M | 75x | as long as short |
| MEXC TAO_USDT | +0.0174% | 4h | 317.60 | −0.126% | $104.2M | $151.1M | 300x | as long as short |
| edgeX TAOUSDC | +0.0178% | 4h | 317.94 | −0.018% | $42K | $319K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0187% | 4h | 317.70 | −0.094% | $54K | $295K | 10x | as long as short |
| BingX TAO-USDT | +0.0203% | 4h | 317.55 | −0.142% | — | $37.3M | — | as long as short |
| Bullet TAO-USD | +0.0216% | 1h | 318.35 | +0.110% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.19 | +0.058% | $545K | $887K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0249% | 8h | 318.33 | +0.104% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0329% | 4h | 317.49 | −0.159% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 317.34 | −0.207% | $372K | $454K | 10x | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 317.46 | −0.171% | $904K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0360% | 1h | 318.20 | +0.062% | $778K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 318.44 | +0.138% | $100K | $377K | 5x | as long as short |
| BloFin TAO-USDT | +0.0415% | 4h | 318.04 | +0.013% | $3.8M | $10.9M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0435% | 1h | 317.94 | −0.020% | $15K | $1.9M | 25x | |
| Hyperliquid TAO | +0.0449% | 1h | 317.71 | −0.091% | $94.0M | $110.4M | 5x | as long as short |
| Variational Omni TAO | +0.0581% | 4h | 318.88 | +0.277% | $5.6M | $10.1M | — | as long as short |
| 01 Exchange TAOUSD | +0.0592% | 1h | 318.50 | +0.157% | $3K | $4K | 5x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.30 | +0.094% | $320K | $714K | 5x | as long as short |
| Lighter TAO | +0.0648% | 1h | 317.64 | −0.113% | $1.6M | $6.6M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.08 | +0.025% | $366 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0706% | 4h | 317.09 | −0.286% | $69.7M | $157.0M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0783% | 1h | 317.95 | −0.015% | $6.0M | $21.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.26 | +0.081% | $447K | $669K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0854% | 1h | 318.06 | +0.019% | $434K | $987K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 318.26 | +0.082% | $1.2M | $7.3M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 321.91 | +1.230% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
ApeX Omni TAOUSDT
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
Aster TAOUSDT
Pacifica TAO
Extended TAO-USD
Nado TAO-PERP
Arcus TAO-USD
BloFin TAO-USDT
Hyperliquid TAO
Variational Omni TAO
01 Exchange TAOUSD
Phoenix TAO
Lighter TAO
Reya TAORUSDPERP
Bybit TAOUSDT
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP