Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Pacifica+0.020%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 3 days (all we have)+0.378%+$38 · spread now +0.020%, 7d avg −0.002%

Together, before fees+0.243%+ Points / potential airdropPacifica: Active · farm board+$24 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 0.022% dearer against Pacifica than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	307.98	0.0100	pay 0.0013% / 1h	3m 57s	$364K	$368K	10x
Short	Polymarket Perps TAO-USD	308.04	0.0100	get 0.0013% / 1h	3m 57s	$78K	$657K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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 PacificabpFee Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.002%: $2.22
Slippage, 4 orders: −$16.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.28
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Pacifica: live order book, 19 min ago; Polymarket Perps: live order book, 19 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 Pacifica live order book, 19 min ago	1.63 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 19 min ago	2.28 bp	6.9 bp −$7	11.3 bp −$113	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	−0.0601%	1h	309.73	+0.569%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	307.65	−0.107%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.10	+0.040%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.62	−0.116%	$43K	$528K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	307.98	long leg	$364K	$368K	10x
Binance TAOUSDT	+0.0100%	4h	308.72	+0.241%	$86.6M	$406.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.90	+0.299%	$60.0M	$119.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.80	+0.267%	$25.4M	$94.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.02	+0.013%	$137K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.80	+0.267%	$12.3M	$48.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	308.65	+0.218%	$119.6M	$126.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.67	+0.225%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.88	+0.293%	$34.5M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.62	+0.208%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	+0.153%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	+0.112%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.390%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.59	+0.523%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	308.04	+0.020%	$78K	$657K	5x
Bullet TAO-USD	+0.0100%	1h	308.26	+0.093%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.80	+0.267%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.73	+0.244%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.89	+0.296%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.79	+0.263%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.71	+0.238%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.83	−0.048%	$1K	$462K	5x	as long as short
Aster TAOUSDT	+0.0156%	4h	309.05	+0.348%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	307.75	−0.073%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.364%	$327K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0300%	1h	308.88	+0.291%	$11K	$1.3M	25x	as long as short
Nado TAO-PERP	+0.0309%	1h	307.78	−0.064%	$850K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	+0.130%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.11	+0.041%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.00	+0.007%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.91	−0.023%	$354	—	20x	as long as short
Extended TAO-USD	+0.0800%	1h	309.17	+0.386%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0892%	1h	309.57	+0.517%	$385K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.87	+0.614%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	309.20	+0.396%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1020%	1h	309.06	+0.352%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.75	−0.075%	$413K	$542K	5x	as long as short
Hyperliquid TAO	+0.1868%	1h	310.00	+0.656%	$97.2M	$77.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.244%	$22K	$271	12x	as long as short