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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Bitget against Polymarket Perps+0.019%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Long on Polymarket PerpsShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)−0.438%−$44 · spread now +0.019%, 7d avg −0.042%
Together, before fees−0.315%−$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.061% dearer against Polymarket Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TAO-USD314.920.0100pay 0.0013% / 1h17m 25s$77K$859K5x
ShortBitget TAOUSDT314.980.0100get 0.0050% / 4h17m 25s$35.2M$56.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: +0.019% → −0.042%
$6.07
Slippage, 4 orders
−$18.45
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$32.38
Costs to cover
0.385%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 41 min ago; Bitget: live order book, 2 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, 41 min ago3.34 bp9.5 bp −$1013.1 bp −$131doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago1.59 bp11.9 bp −$1215.6 bp −$15619.8 bp −$1,979doesn'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
dYdX TAO-USD0.0000%1h315.14+0.071%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.02+0.032%$20K—150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h315.16+0.076%$5.5M$20.7M50xas long as short
Popdex TAOUSDT+0.0096%1h315.15+0.073%$43K$668K20xas long as short
Katana Perps TAO-USD+0.0098%8h314.97+0.016%$645$799K5xas long as short
Binance TAOUSDT+0.0100%4h315.19+0.087%$91.1M$494.6M75xas long as short
Bybit TAOUSDT+0.0100%4h315.37+0.143%$68.0M$148.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.20+0.089%$26.0M$120.6M50xas long as short
Gate TAO_USDT+0.0100%4h314.90−0.006%$12.9M$50.1M50xas long as short
MEXC TAO_USDT+0.0100%4h315.10+0.057%$110.6M$144.1M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h315.07+0.048%$17.7M$31.7M75xas long as short
Bitget TAOUSDTshort+0.0100%4h314.98+0.019%$35.2M$56.4M50x
BingX TAO-USDT+0.0100%4h315.13+0.067%—$32.8M—as long as short
edgeX TAOUSDC+0.0100%4h315.17+0.079%$42K$312K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h315.17+0.080%$521K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.00+0.025%$46K$255K50xas long as short
Polymarket Perps TAO-USDlong+0.0100%1h314.92long leg$77K$859K5x
Bullet TAO-USD+0.0100%1h315.24+0.102%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.95+0.010%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.85−0.022%$110K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h314.91−0.003%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.30+0.119%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0132%4h315.16+0.076%$57K$265K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0146% / S +0.0127%1h314.99+0.022%$419K—100xas long as short
Paradex TAO-USD-PERP+0.0159%8h315.13+0.066%$14K$1K10xas long as short
Aster TAOUSDT+0.0187%4h315.23+0.098%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0200%1h315.19+0.087%$922K$2.4M25xas long as short
Nado TAO-PERP+0.0204%1h315.03+0.037%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0266%1h315.23+0.098%$92.7M$106.4M5xas long as short
01 Exchange TAOUSD+0.0320%1h315.30+0.121%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0330%1h315.25+0.104%$26K$1.7M25xas long as short
Lighter TAO+0.0336%1h315.29+0.117%$1.5M$6.5M5xas long as short
BloFin TAO-USDT+0.0340%4h315.15+0.073%$4.6M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h315.52+0.191%$99K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0347%1h315.35+0.137%$316K$913K10xas long as short
Pacifica TAO+0.0365%1h315.26+0.108%$360K$412K10xas long as short
Variational Omni TAO+0.0497%4h315.29+0.116%$5.7M$9.9M—as long as short
Phoenix TAO+0.0581%1h315.40+0.152%$314K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h315.03+0.035%$362—20xas long as short
Bulk TAO-USD+0.0933%1h314.34−0.184%$167K$2K10xas long as short
RISEx TAO/USDC+0.0991%1h315.24+0.101%$435K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.12+0.381%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.248%$23K$2K12xas long as short