Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against Aevo−0.007%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.124%−$12 on $10k
Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.007%, 7d avg −0.052%
Together, before fees−0.150%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Polymarket Perps is 0.045% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo TAO-PERP318.350.0104pay 0.0013% / 1h26m 07s$175K$9983x
ShortPolymarket Perps TAO-USD318.330.0301get 0.0038% / 1h26m 07s$93K$635K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aevo. 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
$41.34
Price spread: −0.007% → −0.052%
$4.49
Slippage, 4 orders
−$88.78
Fee Aevo: 8 bp × 2 orders
−$16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$66.95
Costs to cover
1.128%
Break-even
18.3 days
Slippage from Aevo: live order book, 48 min ago; Polymarket Perps: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 48 min ago34.18 bp48.7 bp −$49299.5 bp −$2,995doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 46 min ago2.71 bp6.7 bp −$79.3 bp −$93doesn't fitdoesn't fit

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−0.1321%1h318.22−0.041%$169K$44K10xas long as short
dYdX TAO-USD0.0000%1h316.45−0.598%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h317.94−0.131%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h317.89−0.145%$43K$590K20xas long as short
Binance TAOUSDT+0.0100%4h317.72−0.198%$91.3M$447.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.80−0.173%$26.0M$108.5M50xas long as short
Gate TAO_USDT+0.0100%4h317.80−0.173%$12.9M$50.7M50xas long as short
MEXC TAO_USDT+0.0100%4h317.78−0.180%$108.5M$135.1M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.00−0.110%$18.2M$29.2M75xas long as short
Bitget TAOUSDT+0.0100%4h317.76−0.186%$35.4M$50.8M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h317.29−0.335%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.49+0.045%$527K$969K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.11−0.076%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.69−0.522%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.21−0.044%$127K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h317.67−0.214%$3.4M$7.8M50xas long as short
Aevo TAO-PERPlong+0.0104%1h318.35long leg$175K$9983x
Katana Perps TAO-USD+0.0111%8h317.73−0.195%$735$625K5xas long as short
Bullet TAO-USD+0.0118%1h318.21−0.043%$12K$17K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0093%1h317.99−0.113%$457K100xas long as short
Pacifica TAO+0.0185%1h316.72−0.512%$375K$376K10xas long as short
Arcus TAO-USD+0.0201%1h317.74−0.192%$84K$550K5xas long as short
Aster TAOUSDT+0.0220%4h317.65−0.220%$1.1M$8.5M50xas long as short
Paradex TAO-USD-PERP+0.0233%8h316.97−0.433%$14K$1K10xas long as short
ApeX Omni TAOUSDT+0.0296%1h317.11−0.390%$48K$266K50xas long as short
Polymarket Perps TAO-USDshort+0.0301%1h318.33−0.007%$93K$635K5x
Deribit TAO_USDC-PERPETUAL+0.0312%1h318.15−0.063%$17K$1.5M25xas long as short
BloFin TAO-USDT+0.0340%4h317.04−0.412%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0398%4h317.96−0.123%$30.7Mas long as short
Bybit TAOUSDT+0.0429%4h317.93−0.132%$65.5M$133.0M50xas long as short
Variational Omni TAO+0.0460%4h318.45+0.032%$5.5M$8.7Mas long as short
Kraken Futures PF_TAOUSD+0.0482%1h318.01−0.106%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h318.50+0.047%$333K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.451%$23K$67812xas long as short
01 Exchange TAOUSD+0.0600%1h317.90−0.142%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h318.01−0.106%$36620xas long as short
Nado TAO-PERP+0.0781%1h318.05−0.094%$885K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0843%1h318.13−0.070%$321K$818K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h318.19−0.051%$1.5M$6.3M50xas long as short
RISEx TAO/USDC+0.1141%1h317.77−0.181%$422K$591K5xas long as short
Extended TAO-USD+0.1144%1h318.09−0.081%$926K$2.3M25xas long as short
Lighter TAO+0.1400%1h318.47+0.038%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2069%1h318.49+0.043%$102.6M$91.2M5xas long as short