Funding you earn now, next payment 03:00 UTC−0.0586%/8h= −64.2% APRpaid last 24h +0.002%
Price spread now: Polymarket Perps against BingX−0.339%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)+1.514%+$151 · spread now −0.339%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Polymarket Perps is 0.349% cheaper against BingX than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TAO-USDT | 318.18 | 0.0686 | pay 0.0343% / 4h | 1h 54m | — | $30.3M | — |
| Short | Polymarket Perps TAO-USD | 317.10 | 0.0100 | get 0.0013% / 1h | 54m 57s | $78K | $728K | 5x |
BingX TAO-USDT
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$123.06
- Price spread: −0.339% → +0.009%
- −$34.88
- Slippage, 4 orders
- −$12.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$188.09
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Polymarket Perps: live order book, 8 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 BingX live order book, 14 min ago | 0.95 bp | 7.9 bp −$8 | 12.2 bp −$122 | 21.1 bp −$2,108 | 50.1 bp −$25.0K |
| Sell Polymarket Perps live order book, 8 min ago | 1.42 bp | 5.4 bp −$5 | 10.1 bp −$101 | doesn't fit | doesn't fit |
TAO on 42 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 | −0.2257% | 1h | 317.17 | −0.317% | $168K | $40K | 10x | as long as short |
| ApeX Omni TAOUSDT | −0.0750% | 1h | 314.06 | −1.295% | $47K | $253K | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.50 | −0.215% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.70 | −0.464% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.32 | −0.270% | $45K | $645K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 318.24 | +0.019% | $91.9M | $467.6M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.00 | −0.057% | $26.3M | $115.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.00 | −0.057% | $13.0M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 318.23 | +0.016% | $104.8M | $137.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.09 | −0.028% | $17.9M | $30.7M | 75x | as long as short |
Bulk TAO-USD
ApeX Omni TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 318.10 | −0.025% | $35.5M | $53.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.73 | −1.083% | $35K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0100% | 1h | 317.10 | −0.339% | $78K | $728K | 5x | |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.94 | −0.390% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.71 | −0.462% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.03 | −0.361% | $130K | $475K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.98 | −0.377% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.32 | −0.270% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 317.28 | −0.283% | $674 | $732K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0165% / S +0.0104% | 1h | 316.67 | −0.474% | $430K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0190% | 4h | 316.25 | −0.606% | $526K | $946K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0247% | 1h | 317.03 | −0.360% | $5.6M | $20.5M | 50x | as long as short |
| Aster TAOUSDT | +0.0290% | 4h | 317.96 | −0.070% | $1.2M | $9.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0326% | 1h | 317.12 | −0.333% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0351% | 8h | 317.44 | −0.233% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0393% | 1h | 317.03 | −0.363% | $14K | $1.6M | 25x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 317.71 | −0.148% | $376K | $393K | 10x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 317.73 | −0.141% | $100K | $489K | 5x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 316.10 | −0.654% | $332K | $707K | 5x | as long as short |
| Nado TAO-PERP | +0.0609% | 1h | 316.92 | −0.397% | $763K | $2.1M | 10x | as long as short |
| BingX TAO-USDTlong | +0.0686% | 4h | 318.18 | long leg | — | $30.3M | — | |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.96 | −0.383% | $365 | — | 20x | as long as short |
| Bybit TAOUSDT | +0.0745% | 4h | 318.24 | +0.019% | $67.6M | $138.4M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0752% | 1h | 317.59 | −0.185% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0835% | 1h | 317.84 | −0.107% | $321K | $802K | 10x | as long as short |
| Variational Omni TAO | +0.0865% | 4h | 319.02 | +0.265% | $6.0M | $9.6M | — | as long as short |
| Extended TAO-USD | +0.0912% | 1h | 318.45 | +0.085% | $900K | $2.3M | 25x | as long as short |
| Lighter TAO | +0.1008% | 1h | 317.65 | −0.166% | $1.6M | $6.1M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.28 | +0.346% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 317.39 | −0.249% | $449K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1435% | 1h | 318.36 | +0.057% | $100.7M | $98.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +0.867% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Arcus TAO-USD
Phoenix TAO
Nado TAO-PERP
Reya TAORUSDPERP
Bybit TAOUSDT
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Variational Omni TAO
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP