Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Aevo against Polymarket Perps−0.460%52s7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1711.707% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.125%+$13 on $10k
Price spread, last 4 days (all we have)+0.493%+$49 · spread now −0.460%, 7d avg +0.051%
Together, before fees+0.619%+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.511% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.460% now, against its 7-day average of +0.051%). If the spread goes back, that is −$51 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.125% in total) that is about 29 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TAO-USD320.890.0100pay 0.0013% / 1h27m 28s$89K$1.2M5x
ShortAevo TAO-PERP319.410.0120get 0.0015% / 1h27m 28s$175K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
$4.2
Price spread: −0.460% → +0.051%
−$51.14
Slippage, 4 orders
−$146.7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$217.64
Costs to cover
1.707%
Break-even
369.7 days
Slippage from Polymarket Perps: live order book, 1 min ago; Aevo: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago2.82 bp6.8 bp −$77.9 bp −$79doesn't fitdoesn't fit
Sell Aevo live order book, 16 min ago56.19 bp77.3 bp −$77426.1 bp −$4,261doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1995%1h319.47−0.443%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h319.13−0.548%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h319.02−0.583%$22K150xas long as short
Popdex TAOUSDT+0.0096%1h320.62−0.084%$43K$705K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h321.00+0.034%$26.7M$130.4M50xas long as short
Gate TAO_USDT+0.0100%4h319.40−0.464%$14.3M$52.0M50xas long as short
KuCoin TAOUSDTM+0.0100%4h319.55−0.418%$17.9M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h320.82−0.022%$36.0M$58.4M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.84−0.327%$45K$259K50xas long as short
Polymarket Perps TAO-USDlong+0.0100%1h320.89long leg$89K$1.2M5x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h319.13−0.548%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h318.75−0.667%$118K$590K20xas long as short
Katana Perps TAO-USD+0.0109%8h320.26−0.196%$1K$1.0M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0118% / S +0.0149%1h318.95−0.604%$426K100xas long as short
Aevo TAO-PERPshort+0.0120%1h319.41−0.460%$175K$9983x
Orderly PERP_TAO_USDC+0.0121%4h319.26−0.508%$53K$292K10xas long as short
MEXC TAO_USDT+0.0170%4h319.83−0.330%$105.9M$150.1M300xas long as short
edgeX TAOUSDC+0.0170%4h319.71−0.368%$42K$316K10xas long as short
Binance TAOUSDT+0.0171%4h320.65−0.076%$92.9M$529.0M75xas long as short
Paradex TAO-USD-PERP+0.0270%8h319.64−0.388%$15K$1K10xas long as short
Phemex TAOUSDT+0.0295%4h319.54−0.421%$3.3M$8.1M50xas long as short
BingX TAO-USDT+0.0324%4h319.74−0.358%$34.5Mas long as short
Aster TAOUSDT+0.0335%4h320.46−0.134%$1.3M$10.9M50xas long as short
Bybit TAOUSDT+0.0342%4h321.13+0.075%$70.3M$156.2M50xas long as short
Bullet TAO-USD+0.0387%1h319.39−0.467%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0396%4h319.57−0.410%$544K$940K10xas long as short
BloFin TAO-USDT+0.0410%4h319.36−0.477%$4.7M$11.1M100xas long as short
Extended TAO-USD+0.0456%1h319.79−0.343%$911K$2.4M25xas long as short
Pacifica TAO+0.0525%1h319.78−0.347%$364K$423K10xas long as short
Variational Omni TAO+0.0541%4h320.05−0.262%$5.7M$10.2Mas long as short
Nado TAO-PERP+0.0548%1h320.88−0.002%$801K$2.0M10xas long as short
Phoenix TAO+0.0567%1h319.40−0.464%$318K$709K5xas long as short
01 Exchange TAOUSD+0.0640%1h320.60−0.090%$3K$4K5xas long as short
Arcus TAO-USD+0.0641%1h320.14−0.234%$103K$389K5xas long as short
Hyperliquid TAO+0.0648%1h321.21+0.100%$94.9M$110.4M5xas long as short
Reya TAORUSDPERP+0.0698%1h319.25−0.512%$36720xas long as short
Backpack TAO_USDC_PERP+0.0706%1h319.43−0.455%$298K$905K10xas long as short
Lighter TAO+0.0728%1h319.78−0.346%$1.5M$6.7M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0751%1h319.33−0.485%$15K$1.9M25xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.68−0.065%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h321.14+0.079%$460K$666K5xas long as short
Kraken Futures PF_TAOUSD+0.1156%1h319.35−0.481%$5.9M$21.8M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.44+0.795%$24K$2K12xas long as short