Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against OKX−0.041%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.595%+$60 · spread now −0.041%, 7d avg +0.035%

Together, before fees+0.525%+$53 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 0.076% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	314.60	0.0100	pay 0.0100% / 8h	3h 31m	$25.8M	$89.4M	50x
Short	Polymarket Perps TAO-USD	314.47	0.0100	get 0.0013% / 1h	31m 11s	$90K	$638K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.035%: −$7.65
Slippage, 4 orders: −$18.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$43.94
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 17 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 OKX live order book, 3 min ago	1.60 bp	13.1 bp −$13	23.0 bp −$230	76.4 bp −$7,642	doesn't fit
Sell Polymarket Perps live order book, 17 min ago	2.89 bp	6.9 bp −$7	8.3 bp −$83	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	−1.0220%	1h	313.13	−0.466%	$209K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.78	−0.261%	$132K	$95K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0002%	1h	314.13	−0.149%	$17K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	313.93	−0.212%	$28K	—	150x	as long as short
Phemex TAOUSDT	+0.0038%	4h	314.01	−0.188%	$3.3M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.26	−0.108%	$37K	$507K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.14	−0.147%	$365K	$396K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.23	−0.119%	$89.0M	$381.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.84	+0.076%	$60.4M	$112.1M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	314.60	long leg	$25.8M	$89.4M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	314.49	−0.035%	$142K	$585K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.50	−0.032%	$12.5M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.30	−0.095%	$106.8M	$115.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.26	−0.108%	$20.2M	$25.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.46	−0.045%	$35.4M	$42.1M	50x	as long as short
Variational Omni TAO	+0.0100%	4h	313.60	−0.318%	$3.5M	$6.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.87	−0.233%	$41K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.87	+0.087%	$561K	$947K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.08	−0.165%	$48K	$267K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	314.47	−0.041%	$90K	$638K	5x
Bullet TAO-USD	+0.0100%	1h	314.10	−0.159%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.05	−0.175%	$61K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.81	−0.251%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.07	−0.168%	$125K	$354K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.72	+0.038%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	314.33	−0.086%	$898	$378K	5x	as long as short
BingX TAO-USDT	+0.0130%	4h	314.46	−0.045%	—	$29.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0195%	8h	314.32	−0.090%	$15K	$992	10x	as long as short
Aster TAOUSDT	+0.0213%	4h	314.09	−0.163%	$1.7M	$7.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.01	−0.188%	$4.3M	$9.4M	100x	as long as short
Phoenix TAO	+0.0365%	1h	314.80	+0.064%	$334K	$326K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0392%	1h	314.42	−0.057%	$6.3M	$17.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0491% / S −0.0188%	1h	313.90	−0.221%	$465K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0578%	1h	314.87	+0.086%	$403K	$555K	10x	as long as short
Extended TAO-USD	+0.0584%	1h	314.05	−0.174%	$937K	$1.8M	25x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	314.82	+0.070%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0683%	1h	314.36	−0.077%	$1.1M	$1.5M	10x	as long as short
RISEx TAO/USDC	+0.0688%	1h	314.52	−0.024%	$412K	$526K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	314.17	−0.136%	$361	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0936%	1h	314.96	+0.114%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.2016%	1h	315.09	+0.155%	$2.1M	$3.7M	5x	as long as short
Hyperliquid TAO	+0.2503%	1h	315.57	+0.308%	$96.0M	$67.0M	5x	as long as short
Injective TAO/USDC PERP	+0.3384%	1h	316.14	+0.490%	$23K	$137	12x	as long as short