TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.007%

Price spread now: dYdX against Polymarket Perps−0.045%47s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as 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−$960.960% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)−0.388%−$39 · spread now −0.045%, 7d avg −0.044%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.204%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	314.05	0.0100	pay 0.0013% / 1h	52m 35s	$78K	$863K	5x
Short	dYdX TAO-USD	313.91	0	get 0.0000% / 1h	52m 35s	$125K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$21
Price spread: −0.045% → −0.044%: −$0.04
Slippage, 4 orders: −$78.04
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$117.08
Costs to cover: 0.960%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 65 min ago; dYdX: 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, 65 min ago	3.34 bp	9.5 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell dYdX live order book, 1 min ago	31.65 bp	36.7 bp −$37	43.0 bp −$430	149.9 bp −$15.0K	558.3 bp −$279.1K

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
Kraken Futures PF_TAOUSD	−0.0345%	1h	314.41	+0.114%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USDshort	0.0000%	1h	313.91	−0.045%	$125K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.10	+0.015%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.19	+0.045%	$43K	$653K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.04	−0.003%	$1K	$807K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.14	+0.029%	$358K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.21	+0.052%	$90.5M	$496.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.24	+0.060%	$67.6M	$149.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.10	+0.016%	$26.0M	$120.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+0.334%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	313.90	−0.048%	$13.0M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.21	+0.051%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.21	+0.051%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.90	−0.048%	$35.1M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.13	+0.025%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.34	+0.091%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	−0.132%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.29	+0.076%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	314.05	long leg	$78K	$863K	5x
Bullet TAO-USD	+0.0100%	1h	314.42	+0.117%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.28	+0.073%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.84	−0.067%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.52	+0.149%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.29	+0.076%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0137%	4h	314.32	+0.086%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	314.09	+0.012%	$426K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0144%	8h	314.23	+0.057%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0155%	1h	314.46	+0.131%	$92.3M	$106.7M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	314.18	+0.040%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0197%	1h	314.09	+0.014%	$798K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.54	+0.156%	$102K	$441K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.49	+0.140%	$4.6M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	−0.111%	$5.6M	$9.9M	—	as long as short
Lighter TAO	+0.0384%	1h	314.53	+0.154%	$1.5M	$6.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0390%	1h	314.60	+0.175%	$313K	$914K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	314.61	+0.178%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	313.90	−0.048%	$312K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0560%	1h	314.51	+0.145%	$21K	$1.7M	25x	as long as short
Phemex TAOUSDT	+0.0563%	4h	314.60	+0.175%	$3.2M	$8.1M	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.24	+0.059%	$361	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	314.27	+0.072%	$435K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.92	+0.277%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.153%	$23K	$2K	12x	as long as short