TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.108%

Price spread now: Kraken Futures against Polymarket Perps−0.167%48s7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as 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−$430.434% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.327%+$33 on $10k

Price spread, last 4 days (all we have)+0.375%+$37 · spread now −0.167%, 7d avg +0.064%

Together, before fees+0.702%+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.231% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of +0.064%). If the spread goes back, that is −$23 on $10k: about 5.2 days of funding at the current rate (+$4 a day). The two prices were read 48 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	316.11	0.0100	pay 0.0013% / 1h	12m 33s	$87K	$794K	5x
Short	Kraken Futures PF_TAOUSD	315.58	0.0249	get 0.0031% / 1h	12m 33s	$5.6M	$20.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.167%Rate

Funding earned: $31.21
Price spread: −0.167% → +0.064%: −$23.09
Slippage, 4 orders: −$25.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.24
Costs to cover: 0.434%
Break-even: 14.9 days

Slippage from Polymarket Perps: live order book, 50 min ago; Kraken Futures: 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, 50 min ago	1.42 bp	9.5 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.62 bp	16.1 bp −$16	38.9 bp −$389	147.7 bp −$14.8K	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	−0.1916%	1h	325.17	+2.866%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.15	+0.013%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.91	−0.063%	$20K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0086%	1h	315.79	−0.100%	$16K	$1.6M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.37	+0.082%	$40K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.37	+0.082%	$92.0M	$488.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.90	−0.066%	$26.1M	$119.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	−0.003%	$13.0M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.57	+0.146%	$101.4M	$143.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.30	+0.060%	$17.6M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.74	−0.117%	$35.2M	$55.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	323.66	+2.389%	$36K	$303K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	316.11	long leg	$87K	$794K	5x
SunX TAO-USDT	+0.0100%	4h	315.42	−0.218%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.44	−0.212%	$128K	$482K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.83	−0.090%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	316.04	−0.022%	$672	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	315.70	−0.130%	$57K	$282K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0157% / S +0.0112%	1h	315.95	−0.051%	$430K	—	100x	as long as short
Bullet TAO-USD	+0.0199%	1h	315.43	−0.216%	$12K	$18K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0224%	4h	321.44	+1.686%	$533K	$965K	10x	as long as short
Phemex TAOUSDT	+0.0233%	4h	315.50	−0.193%	$3.4M	$7.9M	50x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0249%	1h	315.58	−0.167%	$5.6M	$20.8M	50x
Paradex TAO-USD-PERP	+0.0260%	8h	316.36	+0.080%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0290%	4h	316.16	+0.016%	$1.2M	$10.0M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.035%	$3.8M	$11.3M	100x	as long as short
Bybit TAOUSDT	+0.0442%	4h	316.04	−0.022%	$69.3M	$146.0M	50x	as long as short
Pacifica TAO	+0.0448%	1h	316.36	+0.079%	$374K	$405K	10x	as long as short
BingX TAO-USDT	+0.0455%	4h	316.43	+0.101%	—	$30.4M	—	as long as short
Phoenix TAO	+0.0504%	1h	324.80	+2.749%	$340K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.72	+0.193%	$100K	$488K	5x	as long as short
ApeX Omni TAOUSDT	+0.0524%	1h	324.14	+2.540%	$48K	$253K	50x	as long as short
Nado TAO-PERP	+0.0619%	1h	315.87	−0.077%	$790K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.93	−0.057%	$363	—	20x	as long as short
Extended TAO-USD	+0.0720%	1h	316.46	+0.111%	$928K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0720%	1h	316.35	+0.076%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0760%	1h	316.80	+0.217%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0831%	4h	317.31	+0.381%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0928%	1h	315.29	−0.259%	$314K	$923K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.56	+0.459%	$1.5M	$6.8M	50x	as long as short
Hyperliquid TAO	+0.1076%	1h	316.09	−0.006%	$95.9M	$104.5M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.36	+0.078%	$444K	$657K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.743%	$23K	$2K	12x	as long as short