TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Polymarket Perps−0.038%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.180%−$18 · spread now −0.038%, 7d avg −0.008%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Popdex is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	317.32	0.0262	pay 0.0033% / 1h	5m 52s	$93K	$633K	5x
Short	Popdex TAOUSDT	317.20	0.0096	get 0.0012% / 1h	5m 52s	$43K	$603K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$34.94
Price spread: −0.038% → −0.008%: −$3.02
Slippage, 4 orders: −$20.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$72.99
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Popdex: 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	2.84 bp	6.8 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Popdex live order book, 3 min ago	1.74 bp	10.9 bp −$11	92.1 bp −$921	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	−0.1228%	1h	316.14	−0.372%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.00	−0.101%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.31	−0.320%	$10K	—	150x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	317.20	−0.038%	$43K	$603K	20x
Binance TAOUSDT	+0.0100%	4h	316.25	−0.337%	$90.6M	$450.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.20	−0.353%	$25.7M	$109.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.00	−0.416%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.30	−0.321%	$99.5M	$136.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.44	−0.277%	$17.9M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.08	−0.391%	$35.2M	$51.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.12	−0.379%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.81	−0.476%	$523K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.43	−0.280%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.77	−0.173%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.53	−0.249%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.17	−0.047%	$3.4M	$7.8M	50x	as long as short
Bullet TAO-USD	+0.0101%	1h	317.01	−0.099%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.97	−0.110%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0124%	8h	317.07	−0.079%	$1K	$644K	5x	as long as short
ApeX Omni TAOUSDT	+0.0154%	1h	316.14	−0.372%	$48K	$267K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	316.54	−0.245%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.39	+0.022%	$376K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.39	+0.022%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0207%	4h	316.81	−0.159%	$1.3M	$8.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0223%	1h	316.47	−0.267%	$17K	$1.5M	25x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	317.05	−0.084%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0262%	1h	317.32	long leg	$93K	$633K	5x
BloFin TAO-USDT	+0.0340%	4h	318.23	+0.287%	$4.5M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.61	−0.224%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.20	−0.353%	$331K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	317.25	−0.022%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	316.59	−0.230%	$23K	$902	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	−0.171%	$5.5M	$8.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.13	−0.059%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	316.21	−0.350%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0705%	4h	316.45	−0.274%	$65.1M	$133.6M	50x	as long as short
Nado TAO-PERP	+0.0749%	1h	317.24	−0.026%	$873K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0801%	1h	317.14	−0.057%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.43	+0.035%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1104%	1h	316.08	−0.389%	$884K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.24	−0.027%	$421K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	317.55	+0.071%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1769%	1h	316.69	−0.199%	$101.3M	$91.6M	5x	as long as short