TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0717%/8h= +78.5% APRnext payment +$0.90 per $10,000 · paid last 24h −0.316%

Price spread now: Bulk against Polymarket Perps−0.323%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on Polymarket Perps Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.365%−$36 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.323%, 7d avg −0.101%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.222% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.323% now, against its 7-day average of −0.101%). If the spread goes back, that is −$22 on $10k: about 25 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 4 days funding on this pair cost −0.365%, 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	Polymarket Perps TAO-USD	311.93	0.0100	pay 0.0013% / 1h	19m 57s	$79K	$901K	5x
Short	Bulk TAO-USD	310.92	0.0817	get 0.0102% / 1h	19m 57s	$165K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.323%Rate

Funding earned: $150.55
Price spread: −0.323% → −0.101%: −$22.2
Slippage, 4 orders: −$7.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $105.84
Costs to cover: 0.225%
Break-even: 2.1 days

Slippage from Polymarket Perps: live order book, 33 min ago; Bulk: live order book, 34 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, 33 min ago	0.96 bp	5.0 bp −$5	9.4 bp −$94	doesn't fit	doesn't fit
Sell Bulk live order book, 34 min ago	2.39 bp	6.5 bp −$6	10.9 bp −$109	25.7 bp −$2,567	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.22	+0.093%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.02	+0.029%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	311.34	−0.188%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.08	+0.048%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.90	−0.010%	$1K	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.74	−0.062%	$355K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.29	+0.117%	$89.4M	$500.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.47	+0.173%	$67.3M	$150.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.40	+0.151%	$26.0M	$120.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.00	+0.022%	$13.3M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.16	+0.074%	$102.5M	$145.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.07	+0.045%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.80	−0.042%	$35.0M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.31	+0.122%	—	$33.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	310.82	−0.355%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.396%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.73	−0.385%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	311.93	long leg	$79K	$901K	5x
Bullet TAO-USD	+0.0100%	1h	312.32	+0.125%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.68	−0.080%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.70	−0.074%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.08	+0.048%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.33	+0.127%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0104%	4h	312.17	+0.078%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.30	+0.119%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	312.07	+0.045%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	312.03	+0.032%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.29	+0.115%	$101K	$394K	5x	as long as short
Extended TAO-USD	+0.0304%	1h	312.07	+0.044%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	+0.013%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0336%	1h	312.08	+0.049%	$786K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.79	−0.045%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	−0.266%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	312.13	+0.064%	$91.7M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.19	+0.083%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0495%	1h	312.17	+0.077%	$310K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	312.44	+0.163%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0627%	1h	312.37	+0.140%	$14K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.08	+0.048%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.08	+0.050%	$442K	$653K	5x	as long as short
Bulk TAO-USDshort	+0.0817%	1h	310.92	−0.323%	$165K	$333	10x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	+0.048%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.061%	$23K	$2K	12x	as long as short