TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h −0.062%

Price spread now: Polymarket Perps against Extended+0.116%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 4 days (all we have)+0.338%+$34 · spread now +0.116%, 7d avg +0.045%

Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.071% dearer against Extended than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.045%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	317.00	0.0296	pay 0.0037% / 1h	39m 42s	$927K	$2.4M	25x
Short	Polymarket Perps TAO-USD	317.37	0.0100	get 0.0013% / 1h	39m 42s	$90K	$790K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. 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 ExtendedbpFee Polymarket PerpsbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$41.16
Price spread: +0.116% → +0.045%: $7.08
Slippage, 4 orders: −$16.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$63.41
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Polymarket Perps: live order book, 18 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 Extended live order book, 4 min ago	2.84 bp	5.6 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 18 min ago	3.34 bp	7.3 bp −$7	10.9 bp −$109	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	−0.0482%	1h	315.13	−0.590%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.72	−0.404%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.86	−0.045%	$21K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	316.76	−0.075%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.59	+0.186%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.03	−0.306%	$91.1M	$490.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	−0.379%	$26.1M	$119.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.60	−0.127%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.99	−0.004%	$106.4M	$142.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.46	−0.171%	$17.6M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	316.16	−0.266%	$35.3M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.41	−0.501%	$35K	$302K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	−0.294%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	317.37	+0.116%	$90K	$790K	5x
Bullet TAO-USD	+0.0100%	1h	317.30	+0.094%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.92	−0.026%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.05	+0.015%	$110K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.66	−0.108%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	317.25	+0.078%	$1K	$787K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.07	+0.023%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	−0.283%	$526K	$944K	10x	as long as short
Bybit TAOUSDT	+0.0116%	4h	316.18	−0.259%	$68.7M	$146.8M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	316.96	−0.013%	$57K	$275K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	316.85	−0.048%	—	$30.1M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0151% / S +0.0122%	1h	316.99	−0.003%	$422K	—	100x	as long as short
Nado TAO-PERP	+0.0162%	1h	317.42	+0.133%	$809K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0188%	8h	316.66	−0.107%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0224%	4h	316.83	−0.055%	$1.2M	$10.2M	50x	as long as short
01 Exchange TAOUSD	+0.0240%	1h	317.86	+0.271%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0279%	1h	316.47	−0.168%	$93.9M	$105.5M	5x	as long as short
Extended TAO-USDlong	+0.0296%	1h	317.00	long leg	$927K	$2.4M	25x
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.316%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	317.79	+0.249%	$100K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0354%	1h	316.87	−0.042%	$317K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	316.93	−0.024%	$363K	$409K	10x	as long as short
Lighter TAO	+0.0400%	1h	316.38	−0.195%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0485%	1h	317.07	+0.022%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	−0.284%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	−0.333%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.32	+0.101%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	317.61	+0.191%	$440K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	318.13	+0.356%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+0.823%	$23K	$2K	12x	as long as short