Funding you earn now, next payment 07:00 UTC−0.0388%/8h= −42.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.071%
Price spread now: Polymarket Perps against Extended−0.058%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.058%, 7d avg +0.044%
=Together, before fees+0.110%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.102% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.230% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 per $10,000. 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 | Extended TAO-USD | 319.36 | 0.0488 | pay 0.0061% / 1h | 45m 55s | $917K | $2.4M | 25x |
| Short | Polymarket Perps TAO-USD | 319.17 | 0.0100 | get 0.0013% / 1h | 45m 55s | $76K | $1.1M | 5x |
Extended TAO-USD
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. 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
- −$81.48
- Price spread: −0.058% → +0.044%
- −$10.24
- Slippage, 4 orders
- −$11.33
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$116.04
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Polymarket Perps: live order book, 2 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 Extended live order book, 3 min ago | 1.40 bp | 3.9 bp −$4 | 5.8 bp −$58 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.72 bp | 7.0 bp −$7 | 10.8 bp −$108 | 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 | −0.2101% | 1h | 320.87 | +0.474% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.14 | −0.067% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.94 | −0.131% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.47 | +0.036% | $41K | $695K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | +0.014% | $26.5M | $128.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.80 | −0.174% | $14.1M | $51.5M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.21 | −0.046% | $17.4M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.16 | −0.061% | $35.9M | $58.3M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.69 | +0.418% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0100% | 1h | 319.17 | −0.058% | $76K | $1.1M | 5x |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.97 | −0.121% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.94 | −0.130% | $117K | $587K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.30 | −0.017% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 319.37 | +0.005% | $1K | $992K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.35 | −0.001% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.20 | −0.049% | $53K | $293K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0122% / S +0.0156% | 1h | 318.88 | −0.149% | $431K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0148% | 4h | 320.71 | +0.425% | $42K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0152% | 4h | 319.53 | +0.055% | $104.9M | $149.5M | 300x | as long as short |
| Binance TAOUSDT | +0.0152% | 4h | 319.48 | +0.040% | $92.6M | $526.5M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0261% | 8h | 319.63 | +0.086% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0307% | 4h | 319.36 | +0.001% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0378% | 1h | 319.33 | −0.008% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0386% | 4h | 319.18 | −0.055% | — | $34.4M | — | as long as short |
| BloFin TAO-USDT | +0.0392% | 4h | 319.76 | +0.127% | $4.7M | $11.1M | 100x | as long as short |
| Bybit TAOUSDT | +0.0400% | 4h | 319.60 | +0.077% | $69.7M | $155.7M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0424% | 4h | 322.11 | +0.862% | $548K | $948K | 10x | as long as short |
| Extended TAO-USDlong | +0.0488% | 1h | 319.36 | long leg | $917K | $2.4M | 25x | |
| Deribit TAO_USDC-PERPETUAL | +0.0522% | 1h | 319.15 | −0.064% | $14K | $1.9M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.63 | +0.086% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0536% | 4h | 321.98 | +0.821% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.70 | +0.734% | $320K | $709K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0600% | 1h | 319.26 | −0.030% | $300K | $908K | 10x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.14 | +0.246% | $103K | $394K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 319.58 | +0.070% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0648% | 1h | 319.38 | +0.008% | $94.4M | $110.1M | 5x | as long as short |
| Nado TAO-PERP | +0.0651% | 1h | 319.36 | +0.002% | $798K | $2.2M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.34 | −0.006% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 319.48 | +0.040% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.75 | +0.123% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.45 | +0.031% | $460K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.37 | +0.005% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.785% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
BloFin TAO-USDT
Bybit TAOUSDT
GRVT TAO_USDT_Perp
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Backpack TAO_USDC_PERP
Arcus TAO-USD
01 Exchange TAOUSD
Hyperliquid TAO
Nado TAO-PERP
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP