TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Arcus+0.186%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.186%, 7d avg −0.066%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.252% dearer against Arcus than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	317.74	0.0201	pay 0.0025% / 1h	25m 52s	$84K	$550K	5x
Short	Polymarket Perps TAO-USD	318.33	0.0301	get 0.0038% / 1h	25m 52s	$93K	$635K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now +0.186%Rate

Funding earned: $20.91
Price spread: +0.186% → −0.066%: $25.18
Slippage, 4 orders: −$26.06
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $7.53
Costs to cover: 0.386%
Break-even: 4.5 days

Slippage from Arcus: live order book, 48 min ago; Polymarket Perps: live order book, 47 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 Arcus live order book, 48 min ago	8.66 bp	11.4 bp −$11	21.4 bp −$214	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	2.71 bp	6.7 bp −$7	9.3 bp −$93	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	−0.1321%	1h	318.22	+0.151%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.45	−0.406%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.94	+0.062%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.89	+0.047%	$43K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.68	+0.295%	$91.6M	$447.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.70	+0.302%	$26.0M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.30	+0.176%	$12.9M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.58	+0.264%	$108.8M	$135.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.38	+0.201%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.44	+0.220%	$35.5M	$50.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.29	−0.143%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.237%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.11	+0.116%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.69	−0.330%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.21	+0.148%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.67	−0.022%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.35	+0.192%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	317.73	−0.003%	$735	$625K	5x	as long as short
Bullet TAO-USD	+0.0118%	1h	318.21	+0.149%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	317.99	+0.080%	$457K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.72	−0.320%	$375K	$376K	10x	as long as short
Arcus TAO-USDlong	+0.0201%	1h	317.74	long leg	$84K	$550K	5x
Aster TAOUSDT	+0.0220%	4h	317.86	+0.039%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	316.97	−0.242%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0296%	1h	317.11	−0.198%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0301%	1h	318.33	+0.186%	$93K	$635K	5x
Deribit TAO_USDC-PERPETUAL	+0.0312%	1h	318.15	+0.129%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.220%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.54	+0.252%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0429%	4h	318.94	+0.378%	$65.7M	$133.1M	50x	as long as short
Variational Omni TAO	+0.0460%	4h	318.45	+0.224%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	318.01	+0.086%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.50	+0.239%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.646%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	317.90	+0.050%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.01	+0.086%	$366	—	20x	as long as short
Nado TAO-PERP	+0.0781%	1h	318.05	+0.098%	$885K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0843%	1h	318.13	+0.123%	$321K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.19	+0.142%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.77	+0.011%	$422K	$591K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	317.92	+0.057%	$926K	$2.3M	25x	as long as short
Lighter TAO	+0.1400%	1h	318.47	+0.230%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2054%	1h	319.24	+0.472%	$103.0M	$91.3M	5x	as long as short