TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h +0.617%

Price spread now: Injective against Polymarket Perps−1.137%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.512%+$351 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 1.137% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −1.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$114 on $10k: about 12 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+3.512% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	315.87	0.0143	pay 0.0018% / 1h	24m 36s	$82K	$679K	5x
Short	Injective TAO/USDC PERP	312.28	0.0470	get 0.0059% / 1h	24m 36s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.137%Rate

Funding earned: $68.57
Price spread: −1.137% → 0.000%: −$113.65
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$53.11
Costs to cover: 0.080%
Break-even: 12.4 days

Slippage unknown: Polymarket Perps: live order book, 43 min ago; Injective: no order-book sample. Net counts fees only.

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, 43 min ago	2.84 bp	6.8 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 42 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	315.19	−0.216%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.33	−0.171%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.33	−0.171%	$39K	$628K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.25	−0.196%	$90.3M	$465.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	−0.212%	$26.0M	$112.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.244%	$12.8M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.41	−0.146%	$109.6M	$138.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.48	−0.123%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.18	−0.218%	$35.2M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.503%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	313.06	−0.890%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.55	−0.101%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.45	−0.133%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.45	−0.450%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.84	−0.326%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.54	−0.106%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	315.40	−0.149%	$2K	$706K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0136%	4h	314.59	−0.407%	$518K	$966K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0143%	1h	315.87	long leg	$82K	$679K	5x
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.95	−0.291%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	315.46	−0.129%	$441K	—	100x	as long as short
Bullet TAO-USD	+0.0229%	1h	315.85	−0.007%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0242%	4h	315.20	−0.212%	$1.3M	$9.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0284%	1h	315.10	−0.242%	$24K	$1.5M	25x	as long as short
Pacifica TAO	+0.0285%	1h	315.42	−0.143%	$371K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.68	−0.060%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0340%	8h	315.37	−0.157%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERPshort	+0.0470%	1h	312.28	−1.137%	$23K	$2K	12x
Nado TAO-PERP	+0.0512%	1h	315.50	−0.118%	$786K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−1.130%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	315.72	−0.047%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.98	+0.034%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	315.35	−0.165%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0820%	4h	315.41	−0.146%	$66.1M	$137.8M	50x	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.100%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0896%	1h	315.26	−0.193%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0911%	1h	314.61	−0.399%	$318K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.20	+0.104%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.41	−0.145%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1253%	1h	315.42	−0.142%	$99.8M	$94.5M	5x	as long as short
Lighter TAO	+0.1424%	1h	315.70	−0.053%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.192%	$164K	$40K	10x	as long as short