Funding you earn now, next payment 06:00 UTC+0.0352%/8h= +38.6% APRpaid last 24h −0.002%
Price spread now: Bybit against Polymarket Perps+0.083%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)−0.311%−$31 · spread now +0.083%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.054% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment. 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 | 314.09 | 0.0100 | pay 0.0013% / 1h | 29m 20s | $90K | $920K | 5x |
| Short | Bybit TAOUSDT | 314.35 | 0.0452 | get 0.0226% / 4h | 2h 29m | $68.2M | $152.4M | 50x |
Polymarket Perps TAO-USD
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $73.95
- Price spread: +0.083% → +0.029%
- $5.35
- Slippage, 4 orders
- −$16.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $43.8
- Costs to cover
- 0.355%
- Break-even
- 2.9 days
Slippage from Polymarket Perps: live order book, 19 min ago; Bybit: live order book, 5 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, 19 min ago | 2.71 bp | 6.7 bp −$7 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.16 bp | 9.5 bp −$9 | 18.1 bp −$181 | 39.1 bp −$3,906 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.92 | −0.053% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0039% | 1h | 313.66 | −0.137% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.19 | +0.032% | $90.2M | $508.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | +0.067% | $26.3M | $122.4M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 313.47 | −0.197% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.90 | −0.060% | $13.9M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.17 | +0.025% | $107.9M | $145.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.24 | +0.048% | $17.3M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.98 | −0.035% | $35.4M | $57.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.56 | −0.170% | $41K | $316K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 314.09 | long leg | $90K | $920K | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 313.34 | −0.239% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.08 | −0.322% | $113K | $554K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 314.26 | +0.054% | $643 | $915K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.42 | +0.105% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 314.27 | +0.057% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0129% / S +0.0140% | 1h | 313.98 | −0.036% | $420K | — | 100x | as long as short |
| Popdex TAOUSDT | +0.0152% | 1h | 314.30 | +0.067% | $51K | $667K | 20x | as long as short |
| Phemex TAOUSDT | +0.0162% | 4h | 313.90 | −0.060% | $3.2M | $8.0M | 50x | as long as short |
| Aster TAOUSDT | +0.0206% | 4h | 314.19 | +0.032% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 314.09 | 0.000% | $358K | $419K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0270% | 8h | 313.97 | −0.037% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0270% | 1h | 314.08 | −0.002% | $773K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0303% | 1h | 314.08 | −0.002% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0324% | 1h | 314.31 | +0.070% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.88 | −0.067% | $4.5M | $10.9M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0348% | 4h | 314.36 | +0.087% | $534K | $923K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0397% | 1h | 313.30 | −0.252% | $44K | $256K | 50x | as long as short |
| BingX TAO-USDT | +0.0438% | 4h | 314.15 | +0.019% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0449% | 4h | 314.04 | −0.017% | $5.5M | $10.1M | — | as long as short |
| Bybit TAOUSDTshort | +0.0452% | 4h | 314.35 | +0.083% | $68.2M | $152.4M | 50x | |
| Extended TAO-USD | +0.0464% | 1h | 314.21 | +0.039% | $897K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 314.63 | +0.172% | $101K | $370K | 5x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 314.20 | +0.035% | $313K | $713K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0526% | 1h | 313.84 | −0.079% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.15 | +0.019% | $361 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0760% | 1h | 314.87 | +0.248% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0806% | 1h | 314.30 | +0.067% | $91.9M | $108.9M | 5x | as long as short |
| Lighter TAO | +0.0816% | 1h | 314.16 | +0.023% | $1.5M | $6.6M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0822% | 1h | 314.19 | +0.032% | $310K | $889K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.27 | +0.057% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 314.51 | +0.135% | $455K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 317.66 | +1.137% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Popdex TAOUSDT
Phemex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Extended TAO-USD
Arcus TAO-USD
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP