TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0193%/8h= −21.1% APRnext payment −$0.24 per $10,000 · paid last 24h +0.001%

Price spread now: Aevo against Polymarket Perps−0.022%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Polymarket Perps Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.022%, 7d avg +0.052%

Together, before fees+0.179%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aevo is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	317.40	0.0297	pay 0.0037% / 1h	27m 13s	$93K	$635K	5x
Short	Aevo TAO-PERP	317.33	0.0104	get 0.0013% / 1h	27m 13s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Polymarket Perps. 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 Polymarket PerpsbpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$40.47
Price spread: −0.022% → +0.052%: −$7.34
Slippage, 4 orders: −$88.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$160.6
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 45 min ago; Aevo: live order book, 47 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 Polymarket Perps live order book, 45 min ago	2.71 bp	6.7 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Aevo live order book, 47 min ago	34.18 bp	50.6 bp −$51	doesn't fit	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	−0.1321%	1h	318.22	+0.258%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.04	−0.113%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.64	−0.240%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.22	−0.057%	$43K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.77	−0.198%	$91.0M	$447.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	−0.126%	$25.9M	$108.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.221%	$12.8M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.96	−0.139%	$108.3M	$134.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.18	−0.069%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.72	−0.214%	$35.3M	$50.7M	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	317.29	−0.036%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.344%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.91	−0.154%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.66	−0.233%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.26	−0.044%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.69	−0.224%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	317.33	−0.022%	$174K	$998	3x
Katana Perps TAO-USD	+0.0111%	8h	317.29	−0.035%	$734	$625K	5x	as long as short
Bullet TAO-USD	+0.0124%	1h	317.02	−0.120%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	316.65	−0.235%	$456K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.41	+0.003%	$376K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.45	+0.016%	$84K	$550K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0215%	1h	316.92	−0.151%	$17K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0220%	4h	317.04	−0.112%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	317.18	−0.070%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0296%	1h	317.11	−0.091%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0297%	1h	317.40	long leg	$93K	$635K	5x
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.113%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	316.95	−0.142%	—	$30.7M	—	as long as short
Variational Omni TAO	+0.0436%	4h	318.35	+0.298%	$5.5M	$8.7M	—	as long as short
Bybit TAOUSDT	+0.0453%	4h	317.17	−0.072%	$65.4M	$133.0M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.74	−0.209%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.50	+0.347%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.755%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.49	+0.028%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.19	−0.067%	$365	—	20x	as long as short
Nado TAO-PERP	+0.0788%	1h	317.38	−0.006%	$882K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0858%	1h	317.73	+0.104%	$321K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.78	+0.120%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.28	−0.038%	$422K	$591K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	316.87	−0.166%	$927K	$2.3M	25x	as long as short
Lighter TAO	+0.1392%	1h	317.27	−0.042%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2089%	1h	317.65	+0.079%	$102.3M	$91.1M	5x	as long as short