TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.003%

Price spread now: Polymarket Perps against Popdex−0.042%7-day average +0.005% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Popdex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.042%, 7d avg +0.005%

Together, before fees+0.345%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.047% cheaper against Popdex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	311.52	0.0192	pay 0.0024% / 1h	53m 40s	$48K	$662K	20x
Short	Polymarket Perps TAO-USD	311.39	0.0100	get 0.0013% / 1h	53m 40s	$81K	$907K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Popdex. 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 PopdexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$19.32
Price spread: −0.042% → +0.005%: −$4.66
Slippage, 4 orders: −$15.33
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$53.71
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Popdex: live order book, 60 min ago; Polymarket Perps: live order book, 59 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 Popdex live order book, 60 min ago	1.75 bp	10.4 bp −$10	86.8 bp −$868	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 59 min ago	0.96 bp	5.0 bp −$5	5.4 bp −$54	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
dYdX TAO-USD	0.0000%	1h	311.75	+0.073%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.55	+0.009%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.83	+0.100%	$638	$877K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.05	+0.170%	$89.2M	$504.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.80	+0.090%	$26.1M	$121.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.60	+0.026%	$13.4M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.05	+0.170%	$103.9M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.94	+0.135%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.66	+0.045%	$35.1M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.84	+0.424%	$41K	$313K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USDshort	+0.0100%	1h	311.39	−0.042%	$81K	$907K	5x
SunX TAO-USDT	+0.0100%	4h	311.41	−0.035%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.22	−0.096%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.85	+0.106%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	311.89	+0.119%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0136%	1h	311.44	−0.025%	$417K	—	100x	as long as short
Aster TAOUSDT	+0.0134%	4h	311.98	+0.148%	$1.3M	$10.5M	50x	as long as short
Popdex TAOUSDTlong	+0.0192%	1h	311.52	long leg	$48K	$662K	20x
GRVT TAO_USDT_Perp	+0.0204%	4h	313.11	+0.509%	$532K	$942K	10x	as long as short
Paradex TAO-USD-PERP	+0.0206%	8h	311.95	+0.139%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	312.12	+0.194%	$355K	$419K	10x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.119%	$166K	$333	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0306%	1h	311.74	+0.072%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0314%	1h	311.86	+0.109%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.87	+0.112%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0345%	4h	312.00	+0.154%	$67.5M	$151.2M	50x	as long as short
BingX TAO-USDT	+0.0348%	4h	311.90	+0.122%	—	$33.7M	—	as long as short
Extended TAO-USD	+0.0368%	1h	311.79	+0.086%	$903K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0371%	4h	312.91	+0.446%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0384%	1h	311.45	−0.023%	$774K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0418%	1h	311.84	+0.104%	$11K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	312.80	+0.411%	$311K	$713K	5x	as long as short
Arcus TAO-USD	+0.0483%	1h	312.05	+0.170%	$100K	$370K	5x	as long as short
Phemex TAOUSDT	+0.0561%	4h	311.96	+0.141%	$3.1M	$7.9M	50x	as long as short
Hyperliquid TAO	+0.0663%	1h	312.26	+0.238%	$91.4M	$108.2M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.61	+0.029%	$358	—	20x	as long as short
01 Exchange TAOUSD	+0.0744%	1h	312.23	+0.228%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0752%	1h	312.27	+0.242%	$1.5M	$6.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0826%	1h	311.90	+0.122%	$310K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	312.88	+0.437%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	311.97	+0.145%	$446K	$649K	5x	as long as short
ApeX Omni TAOUSDT	+0.1940%	1h	312.51	+0.318%	$46K	$254K	50x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	315.73	+1.351%	$23K	$2K	12x	as long as short