TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.24 per $10,000 · paid last 24h +0.062%

Price spread now: Extended against Polymarket Perps−0.145%7-day average −0.045% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 4 days (all we have)−0.309%−$31 · spread now −0.145%, 7d avg −0.045%

Together, before fees−0.090%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.099% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.045%). If the spread goes back, that is −$10 on $10k: about 41 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	317.37	0.0100	pay 0.0013% / 1h	40m 03s	$90K	$790K	5x
Short	Extended TAO-USD	316.91	0.0296	get 0.0037% / 1h	40m 03s	$927K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.145%Rate

Funding earned: $41.16
Price spread: −0.145% → −0.045%: −$9.93
Slippage, 4 orders: −$16.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.9
Costs to cover: 0.293%
Break-even: 6.7 days

Slippage from Polymarket Perps: live order book, 18 min ago; Extended: 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, 18 min ago	3.34 bp	9.5 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.84 bp	6.8 bp −$7	9.2 bp −$92	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	−0.0482%	1h	315.13	−0.706%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.52	−0.268%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.86	−0.161%	$21K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	316.76	−0.191%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.59	+0.069%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.51	−0.271%	$91.2M	$490.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.50	−0.274%	$26.0M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.274%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.68	−0.217%	$106.3M	$142.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.55	−0.258%	$17.6M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	316.32	−0.331%	$35.3M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.41	−0.617%	$35K	$302K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	−0.410%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	317.37	long leg	$90K	$790K	5x
Bullet TAO-USD	+0.0100%	1h	317.30	−0.022%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.92	−0.142%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.05	−0.101%	$110K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.66	−0.224%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	317.25	−0.038%	$1K	$787K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.07	−0.093%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	−0.399%	$526K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	316.96	−0.129%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0128%	4h	316.59	−0.246%	$68.8M	$146.7M	50x	as long as short
BingX TAO-USDT	+0.0146%	4h	316.58	−0.249%	—	$30.1M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0151% / S +0.0122%	1h	316.99	−0.119%	$422K	—	100x	as long as short
Nado TAO-PERP	+0.0162%	1h	317.42	+0.017%	$809K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0188%	8h	316.66	−0.222%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0215%	4h	317.15	−0.069%	$1.2M	$10.2M	50x	as long as short
01 Exchange TAOUSD	+0.0240%	1h	317.86	+0.154%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0282%	1h	316.64	−0.230%	$94.0M	$105.5M	5x	as long as short
Extended TAO-USDshort	+0.0296%	1h	316.91	−0.145%	$927K	$2.4M	25x
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.432%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	317.79	+0.132%	$100K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0354%	1h	316.87	−0.158%	$317K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	316.93	−0.140%	$363K	$409K	10x	as long as short
Lighter TAO	+0.0400%	1h	316.83	−0.170%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0485%	1h	317.07	−0.095%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	−0.400%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	−0.449%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.32	−0.015%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	317.61	+0.074%	$440K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	318.13	+0.239%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+0.706%	$23K	$2K	12x	as long as short