Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0329%/8h= +36.1% APRpaid last 24h +0.070%

Price spread now: BloFin against Polymarket Perps+0.069%45s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.524%+$52 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.069%, 7d avg +0.032%

Together, before fees+0.505%+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.037% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	319.74	0.0100	pay 0.0013% / 1h	10m 15s	$88K	$1.2M	5x
Short	BloFin TAO-USDT	319.96	0.0429	get 0.0215% / 4h	10m 15s	$4.7M	$11.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $69.14
Price spread: +0.069% → +0.032%: $3.71
Slippage, 4 orders: −$9.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $43.83
Costs to cover: 0.290%
Break-even: 2.6 days

Slippage from Polymarket Perps: live order book, 3 min ago; BloFin: live order book, 4 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 Polymarket Perps live order book, 3 min ago	2.82 bp	6.8 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.16 bp	6.5 bp −$6	13.7 bp −$137	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.93	+0.060%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0070%	1h	319.31	−0.134%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.68	−0.019%	$47K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	+0.081%	$26.7M	$132.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.90	+0.050%	$14.9M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.42	+0.213%	$18.0M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.83	+0.028%	$36.1M	$58.0M	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	319.74	long leg	$88K	$1.2M	5x
SunX TAO-USDT	+0.0100%	4h	320.01	+0.084%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.91	+0.053%	$117K	$602K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0137%	1h	319.93	+0.061%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.55	−0.059%	$838	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	320.59	+0.267%	$176K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0139%	1h	319.58	−0.050%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0176%	4h	320.34	+0.188%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.720%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	320.15	+0.128%	$104.7M	$152.8M	300x	as long as short
Binance TAOUSDT	+0.0193%	4h	320.32	+0.181%	$92.7M	$533.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	319.56	−0.056%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0272%	4h	320.10	+0.113%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0274%	4h	320.38	+0.200%	$70.5M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	320.36	+0.193%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.56	−0.055%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0322%	4h	319.53	−0.066%	$544K	$907K	10x	as long as short
Phemex TAOUSDT	+0.0352%	4h	320.22	+0.150%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0356%	4h	320.30	+0.175%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	320.42	+0.213%	$911K	$2.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0429%	4h	319.96	+0.069%	$4.7M	$11.0M	100x
Nado TAO-PERP	+0.0458%	1h	320.42	+0.213%	$788K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	320.01	+0.084%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0568%	4h	319.84	+0.031%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.050%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0632%	1h	320.66	+0.287%	$1.6M	$6.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0679%	1h	320.46	+0.226%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	320.34	+0.188%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0698%	1h	320.27	+0.166%	$299K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.59	+0.264%	$369	—	20x	as long as short
Hyperliquid TAO	+0.0709%	1h	320.25	+0.160%	$94.8M	$110.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0827%	1h	320.54	+0.251%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.81	+0.021%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.39	+0.203%	$1.3M	$7.2M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.804%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.294%	$23K	$2K	12x	as long as short