TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: Polymarket Perps against dYdX+0.260%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$1051.045% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.380%+$38 · spread now +0.260%, 7d avg +0.046%

Together, before fees+0.175%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.214% dearer against dYdX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	323.00	0	get 0.0000% / 1h	26m 12s	$129K	$85K	5x
Short	Polymarket Perps TAO-USD	323.84	0.0100	get 0.0013% / 1h	26m 12s	$87K	$792K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against dYdX. 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 dYdXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.260%Rate

Funding earned: $21
Price spread: +0.260% → +0.046%: $21.42
Slippage, 4 orders: −$86.53
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$62.1
Costs to cover: 1.045%
Break-even: 27.7 days

Slippage from dYdX: live order book, 38 min ago; Polymarket Perps: live order book, 37 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 dYdX live order book, 38 min ago	38.70 bp	45.9 bp −$46	73.6 bp −$736	179.9 bp −$18.0K	664.8 bp −$332.4K
Sell Polymarket Perps live order book, 37 min ago	1.42 bp	5.4 bp −$5	10.1 bp −$101	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	−2.015%	$168K	$1K	10x	as long as short
dYdX TAO-USDlong	0.0000%	1h	323.00	long leg	$129K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.32	+0.099%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.09	+0.337%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.28	+0.087%	$94.5M	$480.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.20	+0.062%	$26.6M	$119.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.00	0.000%	$13.2M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.19	+0.059%	$100.3M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.17	+0.053%	$18.1M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.00	0.000%	$36.1M	$54.6M	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	323.11	+0.033%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	323.84	+0.260%	$87K	$792K	5x
SunX TAO-USDT	+0.0100%	4h	323.46	+0.142%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.73	+0.226%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.17	+0.053%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.70	+0.217%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	323.41	+0.127%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	323.99	+0.307%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	323.37	+0.116%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	323.26	+0.082%	$5.7M	$20.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	+0.009%	$536K	$964K	10x	as long as short
Bullet TAO-USD	+0.0266%	1h	323.74	+0.230%	$12K	$18K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0280%	1h	323.34	+0.105%	$20K	$1.6M	25x	as long as short
Paradex TAO-USD-PERP	+0.0302%	8h	323.59	+0.182%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.71	+0.220%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.53	+0.164%	$1.1M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.52	+0.162%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.30	+0.402%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.29	+0.399%	$101K	$487K	5x	as long as short
Bybit TAOUSDT	+0.0546%	4h	323.32	+0.099%	$70.8M	$143.7M	50x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.29	+0.090%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0575%	1h	323.90	+0.278%	$793K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.67	+0.206%	$372	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.254%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	324.51	+0.467%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0832%	1h	323.29	+0.089%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.263%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.69	+0.214%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.427%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1064%	1h	323.38	+0.118%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.16	+0.360%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1247%	1h	323.60	+0.186%	$101.8M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.115%	$24K	$2K	12x	as long as short