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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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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: Polymarket Perps against Reya+0.093%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Polymarket Perps
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
The price spread pays, funding is against you. Polymarket Perps is 0.093% dearer against Reya than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 13 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya TAORUSDPERP292.130.0694pay 0.0087% / 1h23m 20s$336—20x
ShortPolymarket Perps TAO-USD292.400.0100get 0.0013% / 1h23m 20s$83K$506K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Reya. 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

Funding earned
−$124.64
Price spread: +0.093% → 0.000%
$9.33
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$129.31
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell Polymarket Perps live order book, 8 min ago2.04 bp9.4 bp −$910.3 bp −$103doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0948%1h288.22−1.338%$190K$44K10xas long as short
Kraken Futures PF_TAOUSD−0.0159%1h292.38+0.085%$5.3M$13.8M50xas long as short
dYdX TAO-USD0.0000%1h292.40+0.093%$75K$35K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h292.14+0.006%$28K—150xas long as short
Popdex TAOUSDT+0.0096%1h292.20+0.025%$33K$476K20xas long as short
Aster TAOUSDT+0.0100%4h292.40+0.095%$1.7M$4.9M50xas long as short
Pacifica TAO+0.0100%1h292.39+0.089%$339K$373K10xas long as short
Binance TAOUSDT+0.0100%4h292.29+0.057%$79.4M$333.7M75xas long as short
Bybit TAOUSDT+0.0100%4h292.54+0.141%$51.3M$87.9M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h292.40+0.093%$23.3M$71.3M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus TAO-USD+0.0100%1h292.56+0.148%$128K$579K5xas long as short
Gate TAO_USDT+0.0100%4h292.00−0.044%$11.6M$44.9M50xas long as short
MEXC TAO_USDT+0.0100%4h292.23+0.035%$104.5M$105.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h292.16+0.011%$19.7M$21.1M75xas long as short
Bitget TAOUSDT+0.0100%4h291.99−0.047%$33.0M$36.7M50xas long as short
BingX TAO-USDT+0.0100%4h292.14+0.004%—$29.7M—as long as short
Variational Omni TAO+0.0100%4h294.61+0.851%$3.2M$5.3M—as long as short
edgeX TAOUSDC+0.0100%4h293.87+0.596%$38K$272K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h294.38+0.771%$516K$871K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h293.54+0.484%$44K$266K50xas long as short
Polymarket Perps TAO-USDshort+0.0100%1h292.40+0.093%$83K$506K5x
Bullet TAO-USD+0.0100%1h292.23+0.035%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h292.08−0.016%$54K$235K10xas long as short
SunX TAO-USDT+0.0100%4h292.06−0.023%$1K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h292.73+0.206%$122K$311K20xas long as short
Phemex TAOUSDT+0.0100%4h293.70+0.538%$3.1M$7.5M50xas long as short
Katana Perps TAO-USD+0.0100%8h292.37+0.083%$3K$339K5xas long as short
Aevo TAO-PERP+0.0104%1h292.30+0.058%$161K$9983xas long as short
Paradex TAO-USD-PERP+0.0105%8h292.24+0.038%$14K$37610xas long as short
Deribit TAO_USDC-PERPETUAL+0.0135%1h292.29+0.054%$23K$1.0M25xas long as short
Extended TAO-USD+0.0168%1h292.14+0.006%$805K$1.4M25xas long as short
Nado TAO-PERP+0.0170%1h292.26+0.045%$1.0M$1.3M10xas long as short
Phoenix TAO+0.0336%1h294.20+0.709%$312K$158K5xas long as short
BloFin TAO-USDT+0.0340%4h293.65+0.521%$4.0M$7.2M100xas long as short
01 Exchange TAOUSD+0.0432%1h292.46+0.114%$3K$4K5xas long as short
Lighter TAO+0.0440%1h292.60+0.160%$1.3M$2.4M5xas long as short
RISEx TAO/USDC+0.0478%1h292.31+0.064%$336K$451K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0480% / S −0.0195%1h292.17+0.016%$440K—100xas long as short
Reya TAORUSDPERPlong+0.0694%1h292.13long leg$336—20x
Coinbase International TAO-PERP-INTX+0.0872%1h295.09+1.014%$1.5M$4.2M50xas long as short
Backpack TAO_USDC_PERP+0.0884%1h294.13+0.686%$408K$497K10xas long as short
Hyperliquid TAO+0.1297%1h292.60+0.162%$83.6M$55.3M5xas long as short
Injective TAO/USDC PERP+0.2947%1h291.06−0.365%$21K$39K12xas long as short