Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against MEXC+0.121%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.484%+$48 · spread now +0.121%, 7d avg +0.006%

Together, before fees+0.431%+$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.114% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	323.51	0.0100	pay 0.0050% / 4h	1h 28m	$100.5M	$141.5M	300x
Short	Polymarket Perps TAO-USD	323.90	0.0100	get 0.0013% / 1h	28m 15s	$87K	$791K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.006%: $11.44
Slippage, 4 orders: −$14.07
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.64
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Polymarket Perps: live order book, 35 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 MEXC live order book, 1 min ago	1.39 bp	3.1 bp −$3	11.9 bp −$119	31.1 bp −$3,105	124.0 bp −$62.0K
Sell Polymarket Perps live order book, 35 min ago	1.42 bp	5.4 bp −$5	10.1 bp −$101	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	−0.5583%	1h	316.49	−2.170%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.51	0.000%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.60	+0.028%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.14	+0.195%	$34K	$675K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.88	+0.115%	$94.7M	$479.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.80	+0.090%	$26.7M	$120.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.50	−0.003%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	323.51	long leg	$100.5M	$141.5M	300x
KuCoin TAOUSDTM	+0.0100%	4h	323.84	+0.102%	$18.1M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.20	−0.096%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	324.24	+0.226%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	323.90	+0.121%	$87K	$791K	5x
SunX TAO-USDT	+0.0100%	4h	323.49	−0.006%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.73	+0.068%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.66	+0.046%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.86	+0.109%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	323.68	+0.053%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	324.21	+0.216%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0125%	1h	323.56	+0.016%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	323.74	+0.070%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	323.95	+0.136%	$537K	$964K	10x	as long as short
Bullet TAO-USD	+0.0285%	1h	323.88	+0.114%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0308%	8h	324.01	+0.155%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	322.64	−0.269%	$4.6M	$11.2M	100x	as long as short
Aster TAOUSDT	+0.0364%	4h	323.91	+0.124%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.81	+0.093%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.337%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.27	+0.235%	$101K	$487K	5x	as long as short
BingX TAO-USDT	+0.0566%	4h	323.41	−0.031%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0572%	1h	323.90	+0.121%	$793K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0572%	4h	323.94	+0.133%	$71.0M	$143.7M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0685%	1h	323.84	+0.102%	$21K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.95	+0.136%	$373	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.096%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	324.40	+0.275%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	323.70	+0.060%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.105%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0896%	1h	324.12	+0.187%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.269%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.84	+0.102%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.07	+0.175%	$458K	$640K	5x	as long as short
Hyperliquid TAO	+0.1269%	1h	323.83	+0.099%	$101.9M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.043%	$24K	$2K	12x	as long as short