Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0594%/8hnext payment +$0.74 per $10,000 · paid last 24h +0.177%

Price spread now: Reya against Polymarket Perps−0.093%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.093% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	292.40	0.0100	pay 0.0013% / 1h	23m 23s	$83K	$506K	5x
Short	Reya TAORUSDPERP	292.13	0.0694	get 0.0087% / 1h	23m 23s	$336	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.093%Rate

Funding earned: $124.64
Price spread: −0.093% → 0.000%: −$9.32
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $101.31
Costs to cover: 0.140%
Break-even: 1.3 days

Slippage unknown: Polymarket Perps: live order book, 8 min ago; Reya: no order-book sample. Net counts fees only.

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, 8 min ago	2.04 bp	6.2 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0948%	1h	288.22	−1.430%	$190K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0159%	1h	292.38	−0.008%	$5.3M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.40	0.000%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	292.14	−0.087%	$28K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	292.20	−0.068%	$33K	$476K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	292.40	+0.001%	$1.7M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.39	−0.005%	$339K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	292.29	−0.036%	$79.4M	$333.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	292.54	+0.048%	$51.3M	$87.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	292.40	0.000%	$23.3M	$71.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	292.56	+0.055%	$128K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	292.00	−0.137%	$11.6M	$44.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	292.23	−0.058%	$104.5M	$105.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	292.16	−0.082%	$19.7M	$21.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	291.99	−0.140%	$33.0M	$36.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	292.14	−0.089%	—	$29.7M	—	as long as short
Variational Omni TAO	+0.0100%	4h	294.61	+0.757%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	293.87	+0.502%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	294.38	+0.677%	$516K	$871K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	293.54	+0.390%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	292.40	long leg	$83K	$506K	5x
Bullet TAO-USD	+0.0100%	1h	292.23	−0.058%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	292.08	−0.109%	$54K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	292.06	−0.116%	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	292.73	+0.113%	$122K	$311K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	293.70	+0.445%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	292.37	−0.010%	$3K	$339K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	292.30	−0.035%	$161K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	292.24	−0.055%	$14K	$376	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0135%	1h	292.29	−0.039%	$23K	$1.0M	25x	as long as short
Extended TAO-USD	+0.0168%	1h	292.14	−0.088%	$805K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0170%	1h	292.26	−0.048%	$1.0M	$1.3M	10x	as long as short
Phoenix TAO	+0.0336%	1h	294.20	+0.616%	$312K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	293.65	+0.427%	$4.0M	$7.2M	100x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	292.46	+0.021%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0440%	1h	292.60	+0.067%	$1.3M	$2.4M	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	292.31	−0.030%	$336K	$451K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0480% / S −0.0195%	1h	292.17	−0.077%	$440K	—	100x	as long as short
Reya TAORUSDPERPshort	+0.0694%	1h	292.13	−0.093%	$336	—	20x
Coinbase International TAO-PERP-INTX	+0.0872%	1h	295.09	+0.920%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0884%	1h	294.13	+0.592%	$408K	$497K	10x	as long as short
Hyperliquid TAO	+0.1297%	1h	292.60	+0.068%	$83.6M	$55.3M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−0.458%	$21K	$39K	12x	as long as short