TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.081%

Price spread now: Extended against Polymarket Perps+0.125%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)−0.497%−$50 · spread now +0.125%, 7d avg −0.039%

Together, before fees−0.260%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.164% dearer against Polymarket Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	315.56	0.0100	pay 0.0013% / 1h	49m 22s	$81K	$1.1M	5x
Short	Extended TAO-USD	315.95	0.0216	get 0.0027% / 1h	49m 22s	$959K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.125%Rate

Funding earned: $24.36
Price spread: +0.125% → −0.039%: $16.41
Slippage, 4 orders: −$21.64
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $6.13
Costs to cover: 0.346%
Break-even: 5.2 days

Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	3.80 bp	15.8 bp −$16	28.7 bp −$287	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.21 bp	6.3 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit

TAO on 43 exchanges

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 −0.0003%	1h	316.86	+0.412%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.98	+0.133%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.90	+0.108%	$26.8M	$128.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.60	+0.013%	$15.7M	$47.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.74	+0.057%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.67	+0.035%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.75	+0.377%	$45K	$253K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	315.56	long leg	$81K	$1.1M	5x
SunX TAO-USDT	+0.0100%	4h	315.86	+0.095%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.76	+0.063%	$112K	$563K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.83	+0.086%	$3K	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0118%	4h	315.97	+0.130%	$69.1M	$155.6M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.15	+0.189%	$174K	$998	3x	as long as short
Binance TAOUSDT	+0.0138%	4h	315.89	+0.105%	$92.9M	$511.1M	75x	as long as short
MEXC TAO_USDT	+0.0138%	4h	315.99	+0.136%	$105.3M	$147.5M	300x	as long as short
edgeX TAOUSDC	+0.0141%	4h	316.70	+0.361%	$42K	$324K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	315.83	+0.086%	—	$38.0M	—	as long as short
Phemex TAOUSDT	+0.0168%	4h	316.16	+0.190%	$3.2M	$8.1M	50x	as long as short
Lighter TAO	+0.0192%	1h	316.07	+0.163%	$1.6M	$6.6M	5x	as long as short
Paradex TAO-USD-PERP	+0.0204%	8h	316.08	+0.165%	$14K	$876	10x	as long as short
Extended TAO-USDshort	+0.0216%	1h	315.95	+0.125%	$959K	$2.1M	25x
Pacifica TAO	+0.0240%	1h	316.03	+0.149%	$374K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0254%	4h	315.81	+0.079%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0262%	4h	317.12	+0.495%	$541K	$805K	10x	as long as short
Bullet TAO-USD	+0.0264%	1h	315.92	+0.114%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0305%	4h	315.89	+0.105%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.55	+0.313%	$372K	—	100x	as long as short
BloFin TAO-USDT	+0.0381%	4h	316.79	+0.390%	$4.9M	$10.4M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0382%	1h	316.02	+0.146%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0392%	1h	315.98	+0.132%	$694K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0444%	4h	316.43	+0.277%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0473%	1h	316.02	+0.147%	$95.1M	$107.0M	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	316.38	+0.260%	$100K	$310K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	316.09	+0.168%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	316.90	+0.425%	$319K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0663%	1h	316.17	+0.193%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.98	+0.133%	$436K	$672K	5x	as long as short
dYdX TAO-USD	+0.0667%	1h	315.77	+0.067%	$266K	$230K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.32	+0.241%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	316.25	+0.220%	$364	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+1.011%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0932%	1h	316.10	+0.171%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	322.67	+2.253%	$23K	$2K	12x	as long as short