Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.002%

Price spread now: MEXC against Polymarket Perps+0.063%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.063%, 7d avg −0.005%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.068% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	319.74	0.0100	pay 0.0013% / 1h	31m 28s	$100K	$1.2M	5x
Short	MEXC TAO_USDT	319.94	0.0164	get 0.0082% / 4h	1h 31m	$105.6M	$150.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.063%Rate

Funding earned: $13.44
Price spread: +0.063% → −0.005%: $6.77
Slippage, 4 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $4.21
Costs to cover: 0.160%
Break-even: 4.8 days

Slippage from Polymarket Perps: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago	1.56 bp	5.6 bp −$6	6.3 bp −$63	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.09 bp	2.4 bp −$2	6.5 bp −$65	31.9 bp −$3,193	97.7 bp −$48.8K

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	−0.1995%	1h	319.47	−0.084%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.09	−0.202%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.52	−0.070%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.86	+0.038%	$42K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+0.019%	$26.7M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.40	−0.106%	$14.2M	$51.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.76	+0.006%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.57	−0.053%	$35.9M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.35	+0.191%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	319.74	long leg	$100K	$1.2M	5x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.77	+0.009%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.11	−0.197%	$119K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.76	+0.006%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0119% / S +0.0149%	1h	319.55	−0.060%	$427K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.05	+0.096%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.82	+0.025%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	320.34	+0.188%	$42K	$318K	10x	as long as short
MEXC TAO_USDTshort	+0.0164%	4h	319.94	+0.063%	$105.6M	$150.0M	300x
Binance TAOUSDT	+0.0169%	4h	319.88	+0.044%	$92.6M	$529.2M	75x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	319.60	−0.045%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0276%	4h	319.89	+0.047%	$3.3M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0328%	4h	319.60	−0.045%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0347%	4h	319.94	+0.063%	$70.0M	$156.2M	50x	as long as short
BingX TAO-USDT	+0.0350%	4h	319.66	−0.025%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0390%	1h	319.97	+0.072%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	320.22	+0.149%	$545K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.65	+0.285%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0472%	1h	319.87	+0.039%	$916K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.60	−0.043%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	318.75	−0.310%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.20	−0.169%	$318K	$709K	5x	as long as short
Nado TAO-PERP	+0.0575%	1h	319.97	+0.071%	$799K	$2.1M	10x	as long as short
Hyperliquid TAO	+0.0622%	1h	320.05	+0.097%	$94.5M	$110.3M	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	320.11	+0.116%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.09	+0.109%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0689%	1h	320.01	+0.084%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.77	+0.010%	$368	—	20x	as long as short
Lighter TAO	+0.0800%	1h	319.81	+0.022%	$1.5M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0805%	1h	320.00	+0.081%	$10K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.37	+0.197%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.75	+0.005%	$458K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	320.00	+0.082%	$5.9M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.217%	$24K	$2K	12x	as long as short