TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0696%/8h= −76.2% APRnext payment −$0.87 per $10,000 · paid last 24h +0.294%

Price spread now: Polymarket Perps against Bulk−0.347%7-day average +0.121% · 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−$69as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Bulk Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.377%+$38 on $10k

Price spread, last 4 days (all we have)+0.608%+$61 · spread now −0.347%, 7d avg +0.121%

Together, before fees+0.986%+$99 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Polymarket Perps is 0.469% cheaper against Bulk than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of +0.121%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.377%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	315.70	0.0796	pay 0.0099% / 1h	6m 09s	$167K	$662	10x
Short	Polymarket Perps TAO-USD	314.60	0.0100	get 0.0013% / 1h	6m 09s	$69K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bulk. 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 BulkbpFee Polymarket PerpsbpOrdersPrice spread, now −0.347%Rate

Funding earned: −$146.07
Price spread: −0.347% → +0.121%: −$46.86
Slippage, 4 orders: −$6.77
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$214.71
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Bulk: live order book, 41 min ago; Polymarket Perps: live order book, 5 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 Bulk live order book, 41 min ago	0.16 bp	3.8 bp −$4	5.4 bp −$54	17.5 bp −$1,751	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	0.16 bp	4.4 bp −$4	5.4 bp −$54	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	314.20	−0.474%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.66	−0.328%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.379%	$26.8M	$127.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.442%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.68	−0.322%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.36	−0.423%	$35.6M	$55.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.02	−0.214%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	314.60	−0.347%	$69K	$1.1M	5x
SunX TAO-USDT	+0.0100%	4h	314.50	−0.379%	$2K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.99	−0.540%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.47	−0.388%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.68	−0.321%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.85	−0.269%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0143%	4h	314.89	−0.256%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.66	−0.328%	$110.6M	$150.7M	300x	as long as short
Binance TAOUSDT	+0.0153%	4h	314.63	−0.338%	$93.2M	$510.7M	75x	as long as short
Phemex TAOUSDT	+0.0226%	4h	314.44	−0.398%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0232%	1h	314.86	−0.266%	$1.5M	$6.8M	5x	as long as short
Pacifica TAO	+0.0240%	1h	314.28	−0.450%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	314.85	−0.268%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERP	+0.0261%	8h	314.39	−0.414%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0264%	4h	314.58	−0.354%	—	$37.9M	—	as long as short
Orderly PERP_TAO_USDC	+0.0267%	4h	314.67	−0.325%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0285%	4h	314.69	−0.319%	$69.2M	$155.3M	50x	as long as short
Bullet TAO-USD	+0.0306%	1h	314.98	−0.228%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0313%	4h	314.80	−0.284%	$1.2M	$11.4M	50x	as long as short
Nado TAO-PERP	+0.0345%	1h	314.71	−0.312%	$669K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	314.52	−0.373%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0392%	4h	314.44	−0.398%	$4.8M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0407%	1h	313.80	−0.601%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	−0.358%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0530%	1h	314.71	−0.312%	$94.4M	$104.9M	5x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	315.07	−0.198%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.69	−0.319%	$99K	$312K	5x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	−0.221%	$317K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	314.42	−0.404%	$439K	$655K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	−0.100%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.71	−0.313%	$362	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0718%	1h	314.73	−0.305%	$30K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0758%	1h	314.70	−0.316%	$296K	$1.1M	10x	as long as short
Bulk TAO-USDlong	+0.0796%	1h	315.70	long leg	$167K	$662	10x
Kraken Futures PF_TAOUSD	+0.0936%	1h	314.83	−0.273%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	319.29	+1.138%	$23K	$2K	12x	as long as short