data as of
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Price arb /

TAO

all TAO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$21
spread now−0.040%7d average−0.064%fees + slippage, in and out−$23spread needed0.232%
Long on LighterShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TAO282.970.0104pay 0.0013% / 1h54m 16s$1.3M$2.1M5x
ShortPolymarket Perps TAO-USD282.860.0100get 0.0013% / 1h54m 16s$80K$626K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$3.96
Funding while held
−$0.12
Slippage, 4 orders
−$15.15
Fee Lighter: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$27.23
Spread needed to break even
0.232%
Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago1.16 bp3.4 bp −$317.1 bp −$171doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago2.14 bp6.8 bp −$77.8 bp −$78doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix280.30cheapestedgeX280.77+0.167%Bulk280.86+0.200%ApeX Omni280.89+0.210%Variational Omni281.21+0.326%HTX281.65+0.482%SunX281.82+0.542%Phemex282.27+0.703%BloFin282.29+0.710%Kraken Futures282.45+0.768%Bitget282.57+0.810%Extended282.59+0.817%OKX282.60+0.821%Nado282.70+0.855%Gate282.70+0.856%dYdX282.72+0.862%Reya282.74+0.870%Katana Perps282.74+0.870%Coinbase International282.74+0.870%KuCoin282.76+0.878%Pacifica282.77+0.880%Bullet282.78+0.886%MEXC282.79+0.888%Popdex282.80+0.892%BingX282.80+0.892%gTrade (Gains Network)282.80+0.892%GMX282.81+0.896%Binance282.82+0.899%Orderly282.83+0.903%Paradex282.83+0.904%
Polymarket Perps282.86+0.913%
Arcus282.87+0.917%Bybit282.90+0.928%Deribit282.90+0.929%Aster282.93+0.938%Aevo282.95+0.946%
Lighter282.97+0.953%
Hyperliquid283.00+0.963%RISEx283.00+0.964%Backpack283.05+0.981%01 Exchange283.11+1.002%Injective283.75+1.231%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix TAO−0.944%+0.0456%1h$298K$160K5xas long as short
edgeX TAOUSDC−0.778%+0.0100%4h$36K$270K10xas long as short
Bulk TAO-USD−0.746%+0.0100%1h$149K$2K10xas long as short
ApeX Omni TAOUSDT−0.736%+0.0157%1h$42K$266K50xas long as short
Variational Omni TAO−0.622%+0.0100%4h$2.9M$5.0M—as long as short
HTX TAO-USDT−0.467%+0.0100%4h$115K$322K20xas long as short
SunX TAO-USDT−0.407%+0.0100%4h$1K$1.6M20xas long as short
Phemex TAOUSDT−0.248%+0.0100%4h$3.0M$7.3M50xas long as short
BloFin TAO-USDT−0.241%+0.0340%4h$3.9M$7.0M100xas long as short
Kraken Futures PF_TAOUSD−0.184%−0.0384%1h$5.1M$14.1M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TAOUSDT−0.142%+0.0100%4h$31.9M$35.9M50xas long as short
Extended TAO-USD−0.135%+0.0104%1h$753K$1.3M25xas long as short
OKX TAO-USDT-SWAP−0.131%+0.0100%8h$22.2M$67.1M50xas long as short
Nado TAO-PERP−0.097%+0.0100%1h$990K$1.2M10xas long as short
Gate TAO_USDT−0.096%+0.0100%4h$11.1M$43.2M50xas long as short
dYdX TAO-USD−0.090%0.0000%1h$72K$35K5xas long as short
Reya TAORUSDPERP−0.082%+0.0693%1h$325—20xas long as short
Katana Perps TAO-USD−0.082%+0.0100%8h$1K$314K5xas long as short
Coinbase International TAO-PERP-INTX−0.082%+0.0896%1h$1.4M$3.8M50xas long as short
KuCoin TAOUSDTM−0.075%+0.0100%4h$16.7M$19.7M75xas long as short
Pacifica TAO−0.072%+0.0100%1h$328K$375K10xas long as short
Bullet TAO-USD−0.066%+0.0100%1h$10K$17K20xas long as short
MEXC TAO_USDT−0.064%+0.0100%4h$99.8M$102.4M300xas long as short
Popdex TAOUSDT−0.061%+0.0096%1h$40K$454K20xas long as short
BingX TAO-USDT−0.061%+0.0100%4h—$28.8M—as long as short
gTrade (Gains Network) TAO/USD−0.061%L +0.0004% / S −0.0014%1h$19K—150xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.057%L +0.0475% / S −0.0198%1h$430K—100xas long as short
Binance TAOUSDT−0.054%+0.0100%4h$76.4M$323.6M75xas long as short
Orderly PERP_TAO_USDC−0.050%+0.0100%4h$55K$197K10xas long as short
Paradex TAO-USD-PERP−0.049%+0.0103%8h$13K$37610xas long as short
Polymarket Perps TAO-USDshort−0.040%+0.0100%1h$80K$626K5x
Arcus TAO-USD−0.036%+0.0100%1h$118K$573K5xas long as short
Bybit TAOUSDT−0.025%+0.0100%4h$49.1M$84.8M50xas long as short
Deribit TAO_USDC-PERPETUAL−0.024%+0.0032%1h$33K$958K25xas long as short
Aster TAOUSDT−0.015%+0.0100%4h$1.6M$4.8M50xas long as short
Aevo TAO-PERP−0.007%+0.0104%1h$155K$9983xas long as short
Lighter TAOlong0.000%+0.0104%1h$1.3M$2.1M5x
Hyperliquid TAO+0.010%+0.0480%1h$77.6M$53.4M5xas long as short
RISEx TAO/USDC+0.010%+0.0633%1h$317K$430K5xas long as short
Backpack TAO_USDC_PERP+0.028%+0.0191%1h$395K$502K10xas long as short
01 Exchange TAOUSD+0.049%+0.0320%1h$3K$4K5xas long as short
Injective TAO/USDC PERP+0.275%+0.3836%1h$20K$59K12xas long as short