Funding you earn now, next payment 03:00 UTC−0.2357%/8h= −258.1% APRnext payment −$2.95 per $10,000 · paid last 24h −0.321%
Price spread now: Bulk against Polymarket Perps+0.022%7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 4 days (all we have)−0.350%−$35 on $10k
+Price spread, last 4 days (all we have)−1.278%−$128 · spread now +0.022%, 7d avg −0.104%
=The price spread pays, funding is against you. Bulk is 0.126% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.104%): +$13 on $10k if it goes back. Holding the pair costs −$71 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.350% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.350% in total (about -36.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.95 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 | 317.10 | 0.0100 | pay 0.0013% / 1h | 55m 21s | $78K | $728K | 5x |
| Short | Bulk TAO-USD | 317.17 | −0.2257 | pay 0.0282% / 1h | 55m 21s | $168K | $40K | 10x |
Polymarket Perps TAO-USD
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$494.94
- Price spread: +0.022% → −0.104%
- $12.56
- Slippage, 4 orders
- −$8.59
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$505.97
- Costs to cover
- 0.236%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 8 min ago; Bulk: live order book, 9 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, 8 min ago | 1.42 bp | 9.5 bp −$10 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 9 min ago | 0.16 bp | 3.9 bp −$4 | 4.2 bp −$42 | 4.3 bp −$429 | 10.2 bp −$5,110 |
TAO on 42 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-USDshort | −0.2257% | 1h | 317.17 | +0.022% | $168K | $40K | 10x | |
| ApeX Omni TAOUSDT | −0.0750% | 1h | 314.06 | −0.959% | $47K | $253K | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 317.50 | +0.125% | $127K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.70 | −0.125% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.32 | +0.069% | $45K | $645K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.05 | −0.016% | $91.6M | $467.4M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.90 | −0.063% | $26.2M | $114.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.80 | −0.095% | $13.0M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.06 | −0.013% | $104.3M | $137.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.31 | +0.066% | $17.9M | $30.6M | 75x | as long as short |
ApeX Omni TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 316.85 | −0.079% | $35.4M | $53.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.73 | −0.746% | $35K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 317.10 | long leg | $78K | $728K | 5x | |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 316.94 | −0.050% | $58K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.34 | +0.391% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.68 | +0.498% | $131K | $474K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.21 | +0.350% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 318.92 | +0.574% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 317.28 | +0.057% | $674 | $732K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0165% / S +0.0104% | 1h | 316.67 | −0.135% | $430K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0190% | 4h | 316.25 | −0.268% | $526K | $946K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0246% | 1h | 318.63 | +0.481% | $5.6M | $20.5M | 50x | as long as short |
| Aster TAOUSDT | +0.0290% | 4h | 317.25 | +0.047% | $1.2M | $9.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0326% | 1h | 317.12 | +0.006% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0351% | 8h | 317.44 | +0.106% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 317.71 | +0.192% | $376K | $393K | 10x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 317.73 | +0.199% | $100K | $489K | 5x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 316.10 | −0.315% | $332K | $707K | 5x | as long as short |
| Nado TAO-PERP | +0.0609% | 1h | 316.92 | −0.058% | $763K | $2.1M | 10x | as long as short |
| BingX TAO-USDT | +0.0686% | 4h | 317.00 | −0.032% | — | $30.3M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.96 | −0.044% | $365 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0729% | 1h | 318.91 | +0.571% | $14K | $1.6M | 25x | as long as short |
| Bybit TAOUSDT | +0.0745% | 4h | 317.09 | −0.003% | $67.3M | $138.3M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0752% | 1h | 317.59 | +0.155% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0865% | 4h | 319.02 | +0.606% | $6.0M | $9.6M | — | as long as short |
| Backpack TAO_USDC_PERP | +0.0871% | 1h | 318.65 | +0.489% | $322K | $802K | 10x | as long as short |
| Extended TAO-USD | +0.0904% | 1h | 317.28 | +0.057% | $900K | $2.3M | 25x | as long as short |
| Lighter TAO | +0.1008% | 1h | 317.86 | +0.239% | $1.6M | $6.1M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 319.28 | +0.687% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 317.39 | +0.091% | $449K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1374% | 1h | 317.39 | +0.091% | $100.3M | $98.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +1.211% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
Phoenix TAO
Nado TAO-PERP
BingX TAO-USDT
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Bybit TAOUSDT
01 Exchange TAOUSD
Variational Omni TAO
Backpack TAO_USDC_PERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP