TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Polymarket Perps−0.185%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.185%, 7d avg +0.066%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Arcus is 0.251% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	318.33	0.0301	pay 0.0038% / 1h	26m 28s	$93K	$635K	5x
Short	Arcus TAO-USD	317.74	0.0201	get 0.0025% / 1h	26m 28s	$84K	$550K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$20.91
Price spread: −0.185% → +0.066%: −$25.15
Slippage, 4 orders: −$26.06
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$84.62
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 46 min ago; Arcus: 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, 46 min ago	2.71 bp	6.7 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Arcus live order book, 47 min ago	8.66 bp	13.7 bp −$14	28.4 bp −$284	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	−0.035%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.45	−0.591%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.94	−0.124%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.89	−0.138%	$43K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.17	−0.050%	$91.5M	$447.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.10	−0.072%	$26.0M	$108.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.80	−0.166%	$12.9M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.00	−0.104%	$108.7M	$135.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.86	−0.148%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.03	−0.094%	$35.4M	$50.8M	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	−0.328%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.051%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.11	−0.069%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.66	−0.525%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.26	−0.336%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.69	−0.515%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.35	+0.007%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	317.73	−0.188%	$735	$625K	5x	as long as short
Bullet TAO-USD	+0.0118%	1h	318.21	−0.037%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	317.99	−0.106%	$457K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.72	−0.505%	$375K	$376K	10x	as long as short
Arcus TAO-USDshort	+0.0201%	1h	317.74	−0.185%	$84K	$550K	5x
Deribit TAO_USDC-PERPETUAL	+0.0215%	1h	316.92	−0.442%	$17K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0220%	4h	317.24	−0.342%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	316.97	−0.427%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0296%	1h	317.11	−0.383%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0301%	1h	318.33	long leg	$93K	$635K	5x
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.405%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.24	−0.028%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0429%	4h	318.46	+0.041%	$65.6M	$133.0M	50x	as long as short
Variational Omni TAO	+0.0460%	4h	318.45	+0.038%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.74	−0.500%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.50	+0.053%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.458%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	317.90	−0.135%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.01	−0.100%	$366	—	20x	as long as short
Nado TAO-PERP	+0.0781%	1h	318.05	−0.087%	$885K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0848%	1h	316.78	−0.487%	$320K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.78	−0.173%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.77	−0.174%	$422K	$591K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	317.38	−0.298%	$921K	$2.3M	25x	as long as short
Lighter TAO	+0.1392%	1h	317.26	−0.337%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2069%	1h	318.49	+0.050%	$102.6M	$91.2M	5x	as long as short