Funding you earn now, next payment 00:00 UTC−0.0687%/8h= −75.3% APRnext payment −$0.86 per $10,000 · paid last 24h −0.222%
Price spread now: Polymarket Perps against Coinbase International−0.120%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.638%−$64 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.120%, 7d avg −0.194%
=The price spread pays, funding is against you. Polymarket Perps is 0.074% dearer against Coinbase International than usual: you sell high and buy low (spread −0.120% now, against its 7-day average of −0.194%): +$7 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.638% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TAO-PERP-INTX | 317.78 | 0.0984 | pay 0.0123% / 1h | 26m 41s | $1.5M | $6.3M | 50x |
| Short | Polymarket Perps TAO-USD | 317.40 | 0.0297 | get 0.0037% / 1h | 26m 41s | $93K | $635K | 5x |
Coinbase International TAO-PERP-INTX
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$144.33
- Price spread: −0.120% → −0.194%
- $7.4
- Slippage, 4 orders
- −$23
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$177.92
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 2 min ago | 7.52 bp | 14.8 bp −$15 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 46 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 | +0.138% | $169K | $44K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.45 | −0.419% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.64 | −0.359% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.22 | −0.176% | $43K | $590K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.57 | −0.382% | $91.0M | $447.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.10 | −0.214% | $25.9M | $108.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.30 | −0.466% | $12.8M | $50.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.57 | −0.381% | $108.1M | $135.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.52 | −0.397% | $18.2M | $29.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.37 | −0.444% | $35.3M | $50.7M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.29 | −0.156% | $40K | $292K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 318.49 | +0.224% | $527K | $969K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.91 | −0.274% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.66 | −0.352% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.26 | −0.164% | $127K | $423K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.69 | −0.343% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.33 | −0.141% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 317.29 | −0.154% | $734 | $625K | 5x | as long as short |
| Bullet TAO-USD | +0.0124% | 1h | 317.02 | −0.239% | $12K | $17K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0093% | 1h | 316.65 | −0.355% | $456K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.72 | −0.333% | $375K | $376K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 317.45 | −0.104% | $84K | $550K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0215% | 1h | 316.92 | −0.270% | $17K | $1.5M | 25x | as long as short |
| Aster TAOUSDT | +0.0220% | 4h | 316.55 | −0.387% | $1.1M | $8.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0233% | 8h | 316.97 | −0.254% | $14K | $1K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0296% | 1h | 317.11 | −0.211% | $48K | $266K | 50x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0297% | 1h | 317.40 | −0.120% | $93K | $635K | 5x | |
| BloFin TAO-USDT | +0.0340% | 4h | 317.04 | −0.233% | $4.5M | $10.8M | 100x | as long as short |
| BingX TAO-USDT | +0.0398% | 4h | 316.61 | −0.368% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0429% | 4h | 317.26 | −0.164% | $65.4M | $133.0M | 50x | as long as short |
| Variational Omni TAO | +0.0436% | 4h | 318.35 | +0.178% | $5.5M | $8.7M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0484% | 1h | 316.74 | −0.328% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 318.50 | +0.227% | $333K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 322.97 | +1.633% | $23K | $678 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 317.49 | −0.091% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 317.19 | −0.187% | $365 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0788% | 1h | 317.38 | −0.126% | $882K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0848% | 1h | 316.78 | −0.315% | $320K | $818K | 10x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.0984% | 1h | 317.78 | long leg | $1.5M | $6.3M | 50x | |
| RISEx TAO/USDC | +0.1141% | 1h | 317.28 | −0.158% | $422K | $591K | 5x | as long as short |
| Extended TAO-USD | +0.1144% | 1h | 316.48 | −0.408% | $921K | $2.3M | 25x | as long as short |
| Lighter TAO | +0.1392% | 1h | 317.26 | −0.164% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2070% | 1h | 316.99 | −0.249% | $102.1M | $91.2M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
BloFin TAO-USDT
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Extended TAO-USD
Lighter TAO
Hyperliquid TAO