TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0905%/8h= +99.1% APRnext payment +$1.13 per $10,000 · paid last 24h +0.228%

Price spread now: Coinbase International against Polymarket Perps+0.435%47s7-day average +0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as 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−$490.486% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.648%+$65 on $10k

Price spread, last 3 days (all we have)−0.279%−$28 · spread now +0.435%, 7d avg +0.196%

Together, before fees+0.369%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.239% dearer against Polymarket Perps than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.196%. The two prices were read 47 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	315.02	0.0119	pay 0.0015% / 1h	18m 35s	$80K	$681K	5x
Short	Coinbase International TAO-PERP-INTX	316.39	0.1024	get 0.0128% / 1h	18m 35s	$1.5M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.435%Rate

Funding earned: $190.09
Price spread: +0.435% → +0.196%: $23.94
Slippage, 4 orders: −$30.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $165.42
Costs to cover: 0.486%
Break-even: 0.9 days

Slippage from Polymarket Perps: live order book, 49 min ago; Coinbase International: live order book, 5 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, 49 min ago	2.84 bp	6.8 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	10.41 bp	17.5 bp −$18	22.4 bp −$224	doesn't fit	doesn't fit

TAO on 42 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
dYdX TAO-USD	0.0000%	1h	315.35	+0.104%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.36	−0.209%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.71	−0.098%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.71	−0.098%	$90.4M	$467.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.00	−0.006%	$26.1M	$112.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	+0.089%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.48	+0.146%	$111.6M	$139.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.55	+0.168%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.91	−0.035%	$35.1M	$53.7M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.73	+0.225%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	315.68	+0.210%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	+0.140%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.41	−0.194%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.84	−0.057%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.06	+0.013%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.70	+0.215%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	314.77	−0.079%	$1K	$711K	5x	as long as short
Polymarket Perps TAO-USDlong	+0.0119%	1h	315.02	long leg	$80K	$681K	5x
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.35	+0.106%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0098%	1h	314.27	−0.237%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.664%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0245%	1h	314.66	−0.114%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0254%	4h	315.32	+0.096%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.68	+0.210%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.26	+0.076%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0363%	8h	315.69	+0.212%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.159%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0528%	1h	315.05	+0.009%	$786K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.30	+0.724%	$332K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.01	−0.003%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0677%	1h	315.38	+0.113%	$22K	$1.5M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.21	+0.061%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0780%	4h	315.03	+0.003%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0823%	4h	314.88	−0.044%	$66.1M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	+0.224%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.09	+0.022%	$905K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0926%	1h	315.60	+0.184%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.1024%	1h	316.39	+0.435%	$1.5M	$6.5M	50x
RISEx TAO/USDC	+0.1132%	1h	314.70	−0.102%	$449K	$631K	5x	as long as short
Hyperliquid TAO	+0.1329%	1h	316.20	+0.375%	$100.4M	$95.1M	5x	as long as short
Lighter TAO	+0.1424%	1h	316.16	+0.361%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−1.928%	$164K	$40K	10x	as long as short