Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against Gate+0.038%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.365%+$36 · spread now +0.038%, 7d avg +0.040%

Together, before fees+0.281%+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	314.80	0.0100	pay 0.0050% / 4h	20m 04s	$12.9M	$50.0M	50x
Short	Polymarket Perps TAO-USD	314.92	0.0100	get 0.0013% / 1h	20m 04s	$77K	$859K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.040%: −$0.21
Slippage, 4 orders: −$33.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.23
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 38 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 Gate live order book, 4 min ago	3.17 bp	20.2 bp −$20	40.6 bp −$406	55.7 bp −$5,572	90.7 bp −$45.4K
Sell Polymarket Perps live order book, 38 min ago	3.34 bp	7.3 bp −$7	10.9 bp −$109	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
dYdX TAO-USD	0.0000%	1h	315.24	+0.139%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.92	+0.037%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	+0.057%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.26	+0.146%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.20	+0.127%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.96	+0.051%	$90.9M	$494.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.07	+0.086%	$68.0M	$148.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	+0.095%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	314.80	long leg	$12.9M	$50.0M	50x
MEXC TAO_USDT	+0.0100%	4h	315.01	+0.067%	$110.5M	$144.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.97	+0.054%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.85	+0.016%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.94	+0.044%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.64	+0.267%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.78	+0.311%	$522K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.16	+0.114%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	314.92	+0.038%	$77K	$859K	5x
Bullet TAO-USD	+0.0100%	1h	315.14	+0.108%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.38	+0.184%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.91	+0.035%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.96	+0.051%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.20	+0.125%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.07	+0.086%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0147% / S +0.0126%	1h	314.89	+0.029%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0161%	8h	315.49	+0.218%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0192%	4h	315.01	+0.067%	$1.2M	$10.3M	50x	as long as short
Nado TAO-PERP	+0.0199%	1h	315.18	+0.122%	$801K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0200%	1h	315.03	+0.074%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0261%	1h	315.06	+0.081%	$92.7M	$106.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	315.15	+0.112%	$26K	$1.7M	25x	as long as short
01 Exchange TAOUSD	+0.0312%	1h	315.38	+0.184%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0320%	1h	315.33	+0.168%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.18	+0.121%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.67	+0.276%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	315.00	+0.064%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.58	+0.247%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	+0.155%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.222%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.99	+0.059%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.146%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.39	+0.187%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.69	+0.283%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.287%	$23K	$2K	12x	as long as short