Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.001%
Price spread now: Polymarket Perps against Orderly+0.082%7-day average −0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.082%, 7d avg −0.021%
=The price spread pays, funding is against you. Polymarket Perps is 0.103% dearer against Orderly than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.021%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 7 days (−0.010% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TAO_USDC | 316.52 | 0.0149 | pay 0.0074% / 4h | 37m 05s | $52K | $294K | 10x |
| Short | Polymarket Perps TAO-USD | 316.78 | 0.0100 | get 0.0013% / 1h | 37m 05s | $88K | $1.2M | 5x |
Orderly PERP_TAO_USDC
Polymarket Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Orderly. 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
- −$10.29
- Price spread: +0.082% → −0.021%
- $10.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$13.95
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 6 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 6 min ago | 1.73 bp | 8.7 bp −$9 | 9.8 bp −$98 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 316.42 | −0.033% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0041% | 1h | 316.54 | +0.006% | $126K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.82 | +0.095% | $44K | $710K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.00 | +0.152% | $26.3M | $130.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.60 | +0.025% | $14.4M | $51.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.44 | −0.025% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.70 | +0.057% | $35.6M | $58.0M | 50x | as long as short |
| Polymarket Perps TAO-USDshort | +0.0100% | 1h | 316.78 | +0.082% | $88K | $1.2M | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 316.48 | −0.013% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.75 | +0.073% | $115K | $604K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0107% | 8h | 316.78 | +0.082% | $4K | $1.1M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0107% / S +0.0136% | 1h | 316.41 | −0.035% | $404K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 317.04 | +0.164% | $174K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0149% | 4h | 316.52 | long leg | $52K | $294K | 10x | |
| Binance TAOUSDT | +0.0175% | 4h | 316.75 | +0.073% | $91.9M | $530.5M | 75x | as long as short |
| MEXC TAO_USDT | +0.0178% | 4h | 316.35 | −0.054% | $99.6M | $151.4M | 300x | as long as short |
| edgeX TAOUSDC | +0.0185% | 4h | 317.37 | +0.267% | $42K | $319K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0187% | 1h | 318.97 | +0.774% | $46K | $260K | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0240% | 8h | 317.32 | +0.253% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0240% | 1h | 316.59 | +0.022% | $15K | $1.9M | 25x | as long as short |
| Bybit TAOUSDT | +0.0274% | 4h | 316.82 | +0.095% | $69.3M | $156.7M | 50x | as long as short |
| Bullet TAO-USD | +0.0279% | 1h | 316.73 | +0.067% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0280% | 4h | 316.85 | +0.104% | — | $37.0M | — | as long as short |
| Pacifica TAO | +0.0313% | 1h | 316.99 | +0.147% | $372K | $452K | 10x | as long as short |
| Bulk TAO-USD | +0.0317% | 1h | 319.23 | +0.856% | $170K | $0 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0318% | 4h | 317.09 | +0.181% | $541K | $918K | 10x | as long as short |
| Extended TAO-USD | +0.0328% | 1h | 316.60 | +0.026% | $903K | $2.4M | 25x | as long as short |
| Aster TAOUSDT | +0.0332% | 4h | 316.85 | +0.103% | $1.3M | $11.0M | 50x | as long as short |
| BloFin TAO-USDT | +0.0415% | 4h | 316.72 | +0.063% | $4.7M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 317.28 | +0.240% | $102K | $381K | 5x | as long as short |
| Nado TAO-PERP | +0.0499% | 1h | 316.98 | +0.147% | $787K | $2.0M | 10x | as long as short |
| Phemex TAOUSDT | +0.0511% | 4h | 316.46 | −0.019% | $3.2M | $8.2M | 50x | as long as short |
| Variational Omni TAO | +0.0537% | 4h | 318.96 | +0.772% | $5.6M | $10.2M | — | as long as short |
| Lighter TAO | +0.0552% | 1h | 316.74 | +0.070% | $1.6M | $6.9M | 5x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 319.50 | +0.941% | $318K | $703K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0686% | 1h | 316.91 | +0.123% | $292K | $906K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 316.84 | +0.102% | $364 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0704% | 1h | 316.89 | +0.117% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0744% | 1h | 316.79 | +0.085% | $93.7M | $110.1M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 316.84 | +0.101% | $444K | $670K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0837% | 1h | 316.70 | +0.058% | $5.9M | $21.6M | 50x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.65 | +0.357% | $1.5M | $6.9M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 322.94 | +2.028% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Bybit TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
Pacifica TAO
Bulk TAO-USD
GRVT TAO_USDT_Perp
Extended TAO-USD
Aster TAOUSDT
BloFin TAO-USDT
Arcus TAO-USD
Nado TAO-PERP
Phemex TAOUSDT
Variational Omni TAO
Lighter TAO
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP