Funding you earn now, next payment 12:00 UTC+0.0465%/8h= +50.9% APRnext payment +$0.58 per $10,000 · paid last 24h +0.075%
Price spread now: Nado against Polymarket Perps+0.046%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 4 days (all we have)+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.046%, 7d avg +0.004%
=Together, before fees+0.025%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Nado is 0.042% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.103% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TAO-USD | 311.92 | 0.0100 | pay 0.0013% / 1h | 50m 58s | $68K | $1.1M | 5x |
| Short | Nado TAO-PERP | 312.06 | 0.0565 | get 0.0071% / 1h | 50m 58s | $649K | $2.0M | 10x |
Polymarket Perps TAO-USD
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $97.68
- Price spread: +0.046% → +0.004%
- $4.2
- Slippage, 4 orders
- −$13
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $73.88
- Costs to cover
- 0.280%
- Break-even
- 1.7 days
Slippage from Polymarket Perps: live order book, 5 min ago; Nado: 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, 5 min ago | 2.71 bp | 6.7 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.96 bp | 7.6 bp −$8 | 16.1 bp −$161 | doesn't fit | doesn't fit |
TAO on 43 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 311.67 | −0.080% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.01 | +0.029% | $54K | $632K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.00 | +0.026% | $26.6M | $125.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.70 | −0.071% | $16.0M | $46.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.91 | −0.003% | $17.2M | $30.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.71 | −0.067% | $35.3M | $54.2M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.73 | +0.580% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 311.92 | long leg | $68K | $1.1M | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 311.75 | −0.055% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.87 | −0.016% | $113K | $550K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0102% | 8h | 311.74 | −0.058% | $998 | $1.3M | 5x | as long as short |
| Extended TAO-USD | +0.0104% | 1h | 311.86 | −0.020% | $922K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 312.05 | +0.043% | $171K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0167% | 4h | 311.96 | +0.014% | $92.6M | $506.6M | 75x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 311.93 | +0.003% | $110.8M | $146.9M | 300x | as long as short |
| edgeX TAOUSDC | +0.0170% | 4h | 313.80 | +0.604% | $41K | $324K | 10x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 312.15 | +0.074% | $369K | $445K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0278% | 4h | 313.81 | +0.606% | $534K | $786K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0281% | 4h | 311.85 | −0.022% | $52K | $262K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0304% | 8h | 312.09 | +0.055% | $14K | $769 | 10x | as long as short |
| Aster TAOUSDT | +0.0347% | 4h | 311.96 | +0.013% | $1.2M | $11.4M | 50x | as long as short |
| dYdX TAO-USD | +0.0367% | 1h | 311.68 | −0.077% | $263K | $230K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0370% / S −0.0114% | 1h | 311.71 | −0.067% | $375K | — | 100x | as long as short |
| BingX TAO-USDT | +0.0372% | 4h | 311.94 | +0.006% | — | $37.7M | — | as long as short |
| Bybit TAOUSDT | +0.0382% | 4h | 312.12 | +0.064% | $68.9M | $154.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0383% | 1h | 312.08 | +0.051% | $12K | $16K | 20x | as long as short |
| BloFin TAO-USDT | +0.0412% | 4h | 312.14 | +0.071% | $4.9M | $10.4M | 100x | as long as short |
| Lighter TAO | +0.0448% | 1h | 312.06 | +0.044% | $1.5M | $6.7M | 5x | as long as short |
| Phemex TAOUSDT | +0.0454% | 4h | 311.78 | −0.045% | $3.1M | $8.3M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0509% | 1h | 311.85 | −0.021% | $24K | $1.9M | 25x | as long as short |
| Nado TAO-PERPshort | +0.0565% | 1h | 312.06 | +0.046% | $649K | $2.0M | 10x | |
| Arcus TAO-USD | +0.0587% | 1h | 312.11 | +0.061% | $98K | $284K | 5x | as long as short |
| Hyperliquid TAO | +0.0594% | 1h | 312.13 | +0.067% | $93.4M | $105.1M | 5x | as long as short |
| Variational Omni TAO | +0.0597% | 4h | 314.17 | +0.722% | $5.8M | $9.7M | — | as long as short |
| Phoenix TAO | +0.0636% | 1h | 313.20 | +0.410% | $315K | $701K | 5x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 311.90 | −0.007% | $441K | $660K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 311.98 | +0.020% | $359 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 312.55 | +0.202% | $1.1M | $7.4M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0840% | 1h | 312.30 | +0.122% | $3K | $2K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0866% | 1h | 312.05 | +0.043% | $6.2M | $19.6M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0902% | 1h | 312.09 | +0.055% | $299K | $1.1M | 10x | as long as short |
| Bulk TAO-USD | +0.1436% | 1h | 313.89 | +0.632% | $166K | $662 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4136% | 1h | 317.23 | +1.702% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Extended TAO-USD
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Pacifica TAO
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Aster TAOUSDT
dYdX TAO-USD
GMX TAO/USD [WBTC.b-USDC]
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
Lighter TAO
Phemex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Hyperliquid TAO
Variational Omni TAO
Phoenix TAO
RISEx TAO/USDC
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
Bulk TAO-USD
Injective TAO/USDC PERP