Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: SunX against Polymarket Perps−0.293%50s7-day average +0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.293%, 7d avg +0.009%

Together, before fees+0.577%+$58 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: SunX is 0.302% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 50 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	323.96	0.0100	pay 0.0013% / 1h	31m 22s	$87K	$789K	5x
Short	SunX TAO-USDT	323.01	0.0100	get 0.0050% / 4h	1h 31m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.293%Rate

Funding earned: $0
Price spread: −0.293% → +0.009%: −$30.19
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$46.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 32 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 32 min ago	1.42 bp	9.5 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	494.87 bp	doesn't fit	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	−0.5583%	1h	316.49	−2.306%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.38	−0.179%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.56	−0.125%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.29	+0.102%	$33K	$673K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.85	−0.035%	$94.4M	$477.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.70	−0.080%	$26.7M	$119.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.70	−0.080%	$13.3M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.88	−0.025%	$99.5M	$141.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.80	−0.049%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.73	−0.071%	$36.2M	$54.5M	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	324.24	+0.087%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	323.96	long leg	$87K	$789K	5x
SunX TAO-USDTshort	+0.0100%	4h	323.01	−0.293%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	322.62	−0.414%	$131K	$481K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.60	−0.111%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.80	−0.051%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0112%	4h	323.73	−0.071%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	324.24	+0.086%	$1K	$773K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0124%	1h	323.58	−0.119%	$450K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	323.51	−0.140%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0266%	4h	324.28	+0.097%	$538K	$964K	10x	as long as short
Bullet TAO-USD	+0.0312%	1h	323.84	−0.037%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0318%	8h	323.93	−0.010%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	324.60	+0.198%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0375%	4h	323.99	+0.009%	$1.2M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	322.98	−0.303%	$28K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	323.74	−0.069%	$382K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.198%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.47	+0.157%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0559%	1h	324.06	+0.032%	$793K	$2.2M	10x	as long as short
BingX TAO-USDT	+0.0566%	4h	323.92	−0.012%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0601%	4h	323.98	+0.006%	$71.1M	$143.3M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.90	−0.017%	$372	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	324.82	+0.265%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDT	+0.0804%	1h	322.29	−0.515%	$47K	$254K	50x	as long as short
Variational Omni TAO	+0.0866%	4h	320.39	−1.101%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	324.02	+0.018%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0896%	1h	324.07	+0.034%	$949K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.09	+0.040%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1075%	1h	323.66	−0.093%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.32	+0.113%	$463K	$637K	5x	as long as short
Hyperliquid TAO	+0.1317%	1h	324.38	+0.130%	$102.0M	$98.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.182%	$24K	$2K	12x	as long as short