TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Polymarket Perps−0.265%48s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as 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−$310.315% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.265%, 7d avg −0.003%

Together, before fees+0.108%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Pacifica is 0.262% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you. 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	316.19	0.0111	pay 0.0014% / 1h	2m 39s	$77K	$450K	5x
Short	Pacifica TAO	315.35	0.0100	get 0.0013% / 1h	2m 39s	$373K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.265%Rate

Funding earned: −$2.34
Price spread: −0.265% → −0.003%: −$26.18
Slippage, 4 orders: −$15.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$59.99
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; Pacifica: live order book, 11 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, 10 min ago	2.71 bp	6.7 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Pacifica live order book, 11 min ago	3.53 bp	8.8 bp −$9	doesn't fit	doesn't fit	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	−0.2086%	1h	311.96	−1.338%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.75	−0.455%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.72	−0.148%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.338%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.77	−0.133%	$39K	$568K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	315.35	−0.265%	$373K	$363K	10x
Binance TAOUSDT	+0.0100%	4h	315.67	−0.164%	$89.6M	$431.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.93	−0.082%	$64.9M	$128.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	−0.123%	$25.4M	$103.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.313%	$12.6M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.42	−0.244%	$111.4M	$132.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.01	−0.373%	$18.8M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.26	−0.294%	$35.2M	$47.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.44	−0.237%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	−0.987%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−1.041%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−1.221%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.97	−0.070%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.91	−0.089%	$61K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.36	−0.263%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.16	−0.009%	$129K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.53	−0.209%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.31	+0.040%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USDlong	+0.0111%	1h	316.19	long leg	$77K	$450K	5x
Katana Perps TAO-USD	+0.0112%	8h	315.77	−0.133%	$1K	$577K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.63	−0.179%	$450K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.76	−0.136%	$83K	$545K	5x	as long as short
Aster TAOUSDT	+0.0187%	4h	315.58	−0.194%	$1.1M	$7.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0198%	8h	315.39	−0.253%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−1.226%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.59	−0.190%	$4.4M	$10.6M	100x	as long as short
Nado TAO-PERP	+0.0431%	1h	315.72	−0.148%	$857K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0445%	1h	315.65	−0.169%	$5.8M	$19.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0446%	1h	315.77	−0.132%	$25K	$1.5M	25x	as long as short
Phoenix TAO	+0.0537%	1h	315.70	−0.155%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0545%	1h	315.90	−0.092%	$297K	$804K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.01	−0.057%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.80	−0.124%	$363	—	20x	as long as short
Extended TAO-USD	+0.0880%	1h	315.34	−0.268%	$926K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.76	+0.497%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1192%	1h	315.44	−0.239%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.82	−0.118%	$418K	$585K	5x	as long as short
Hyperliquid TAO	+0.1589%	1h	315.91	−0.089%	$99.0M	$84.8M	5x	as long as short