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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Polymarket Perps−0.084%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Long on Polymarket PerpsShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)−0.158%−$16 · spread now −0.084%, 7d avg −0.005%
Together, before fees−0.076%−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.078% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TAO-USD311.220.0100pay 0.0013% / 1h23m 58s$76K$476K5x
ShortKuCoin TAOUSDTM310.960.0100get 0.0050% / 4h23m 58s$18.4M$27.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: −0.084% → −0.005%
−$7.83
Slippage, 4 orders
−$29.01
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$56.84
Costs to cover
0.490%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 54 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 54 min ago2.78 bp6.8 bp −$77.9 bp −$79doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago2.07 bp13.7 bp −$1427.0 bp −$27079.5 bp −$7,951doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.4493%1h315.57+1.398%$169K$47K10xas long as short
dYdX TAO-USD0.0000%1h311.08−0.045%$124K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h310.88−0.108%$20K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.95+1.199%$23K$36112xas long as short
Deribit TAO_USDC-PERPETUAL+0.0047%1h310.44−0.252%$20K$1.5M25xas long as short
Popdex TAOUSDT+0.0096%1h311.12−0.032%$35K$564K20xas long as short
Pacifica TAO+0.0100%1h311.50+0.090%$369K$363K10xas long as short
Binance TAOUSDT+0.0100%4h310.93−0.094%$88.1M$427.5M75xas long as short
Bybit TAOUSDT+0.0100%4h311.18−0.013%$61.1M$125.1M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h310.90−0.103%$24.9M$100.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h310.50−0.231%$12.4M$50.0M50xas long as short
MEXC TAO_USDT+0.0100%4h310.71−0.164%$109.1M$130.6M300xas long as short
KuCoin TAOUSDTMshort+0.0100%4h310.96−0.084%$18.4M$27.8M75x
Bitget TAOUSDT+0.0100%4h310.73−0.157%$34.7M$46.7M50xas long as short
BingX TAO-USDT+0.0100%4h310.74−0.154%—$30.3M—as long as short
edgeX TAOUSDC+0.0100%4h313.93+0.871%$41K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h313.92+0.867%$521K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.77+0.819%$47K$268K50xas long as short
Polymarket Perps TAO-USDlong+0.0100%1h311.22long leg$76K$476K5x
Bullet TAO-USD+0.0100%1h311.09−0.042%$11K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h310.69−0.170%$60K$275K10xas long as short
SunX TAO-USDT+0.0100%4h310.68−0.174%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h311.10−0.039%$127K$408K20xas long as short
Phemex TAOUSDT+0.0100%4h310.69−0.170%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h310.75−0.151%$171K$9983xas long as short
Katana Perps TAO-USD+0.0109%8h311.04−0.058%$3K$555K5xas long as short
Aster TAOUSDT+0.0178%4h310.51−0.227%$1.1M$7.9M50xas long as short
Arcus TAO-USD+0.0186%1h311.76+0.174%$82K$565K5xas long as short
Paradex TAO-USD-PERP+0.0188%8h311.45+0.073%$14K$1K10xas long as short
Variational Omni TAO+0.0199%4h312.46+0.398%$4.0M$7.0M—as long as short
BloFin TAO-USDT+0.0340%4h312.00+0.251%$4.4M$10.5M100xas long as short
Kraken Futures PF_TAOUSD+0.0453%1h310.44−0.252%$5.7M$19.9M50xas long as short
Nado TAO-PERP+0.0459%1h311.01−0.068%$818K$2.0M10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0474% / S −0.0175%1h310.80−0.134%$446K—100xas long as short
Backpack TAO_USDC_PERP+0.0515%1h310.70−0.167%$290K$804K10xas long as short
Phoenix TAO+0.0537%1h314.20+0.958%$329K$521K5xas long as short
01 Exchange TAOUSD+0.0608%1h311.27+0.016%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h311.11−0.036%$358—20xas long as short
Extended TAO-USD+0.0848%1h310.87−0.111%$855K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h313.04+0.585%$1.5M$5.8M50xas long as short
RISEx TAO/USDC+0.1238%1h311.19−0.011%$433K$567K5xas long as short
Lighter TAO+0.1240%1h311.01−0.069%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.1691%1h311.10−0.039%$96.8M$83.9M5xas long as short