Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: edgeX against Polymarket Perps−0.227%64s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$370.365% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.394%+$39 · spread now −0.227%, 7d avg −0.001%

Together, before fees+0.447%+ Points / potential airdropedgeX: Active · farm board+$45 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: edgeX is 0.226% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 64 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	323.84	0.0100	pay 0.0013% / 1h	25m 49s	$87K	$792K	5x
Short	edgeX TAOUSDC	323.11	0.0100	get 0.0050% / 4h	1h 25m	$36K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.227%Rate

Funding earned: $0
Price spread: −0.227% → −0.001%: −$22.55
Slippage, 4 orders: −$19.53
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.08
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 37 min ago; edgeX: live order book, 37 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, 37 min ago	1.42 bp	9.5 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell edgeX live order book, 37 min ago	6.30 bp	10.8 bp −$11	24.0 bp −$240	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
Bulk TAO-USD	−0.5583%	1h	316.49	−2.270%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.00	−0.259%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.32	−0.161%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.09	+0.077%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.52	−0.100%	$94.6M	$480.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.40	−0.136%	$26.6M	$120.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.10	−0.229%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.59	−0.077%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.37	−0.145%	$18.1M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.30	−0.167%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDCshort	+0.0100%	4h	323.11	−0.227%	$36K	$301K	10x
Polymarket Perps TAO-USDlong	+0.0100%	1h	323.84	long leg	$87K	$792K	5x
SunX TAO-USDT	+0.0100%	4h	323.46	−0.117%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.73	−0.034%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.17	−0.207%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.70	−0.043%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	323.41	−0.133%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	323.99	+0.046%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	323.37	−0.144%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	323.26	−0.178%	$5.7M	$20.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	−0.250%	$536K	$964K	10x	as long as short
Bullet TAO-USD	+0.0266%	1h	323.74	−0.030%	$12K	$18K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0280%	1h	323.34	−0.155%	$20K	$1.6M	25x	as long as short
Paradex TAO-USD-PERP	+0.0302%	8h	323.59	−0.077%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.71	−0.040%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.34	−0.153%	$1.1M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.52	−0.097%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.30	+0.142%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.29	+0.139%	$101K	$487K	5x	as long as short
Bybit TAOUSDT	+0.0546%	4h	323.65	−0.059%	$70.9M	$143.7M	50x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.48	−0.111%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0575%	1h	323.90	+0.018%	$793K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.67	−0.054%	$372	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	−0.006%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	324.51	+0.207%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0832%	1h	323.44	−0.123%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0845%	4h	323.61	−0.070%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.69	−0.046%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.167%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1064%	1h	323.38	−0.142%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.16	+0.099%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1246%	1h	323.92	+0.025%	$102.0M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.145%	$24K	$2K	12x	as long as short