Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Polymarket Perps−0.247%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now −0.247%, 7d avg +0.002%

Together, before fees−0.015%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.249% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	309.84	0.0100	pay 0.0013% / 1h	3m 07s	$78K	$657K	5x
Short	Pacifica TAO	309.07	0.0100	get 0.0013% / 1h	3m 07s	$365K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.247%Rate

Funding earned: $0
Price spread: −0.247% → +0.002%: −$24.94
Slippage, 4 orders: −$16.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$57.44
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 20 min ago; Pacifica: live order book, 20 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, 20 min ago	2.28 bp	6.3 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Pacifica live order book, 20 min ago	1.63 bp	8.3 bp −$8	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	−0.0601%	1h	309.73	−0.036%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.61	−0.397%	$130K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	309.47	−0.121%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.80	−0.013%	$44K	$529K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0099%	1h	309.41	−0.138%	$11K	$1.3M	25x	as long as short
Pacifica TAOshort	+0.0100%	1h	309.07	−0.247%	$365K	$368K	10x
Binance TAOUSDT	+0.0100%	4h	309.10	−0.239%	$86.8M	$406.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.20	−0.207%	$60.1M	$119.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.10	−0.239%	$25.4M	$94.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	309.97	+0.042%	$138K	$584K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	309.60	−0.077%	$12.3M	$48.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.09	−0.242%	$120.4M	$127.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	309.17	−0.216%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.89	−0.307%	$34.5M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	309.09	−0.242%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	−0.448%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.24	−0.516%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	−0.378%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	−0.494%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	309.84	long leg	$78K	$657K	5x
Bullet TAO-USD	+0.0100%	1h	309.70	−0.045%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.41	−0.139%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.51	−0.107%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.51	−0.107%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	309.26	−0.187%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.52	−0.102%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	309.64	−0.065%	$634	$466K	5x	as long as short
Aster TAOUSDT	+0.0156%	4h	309.53	−0.101%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	309.29	−0.178%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	−0.239%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0298%	1h	309.74	−0.031%	$855K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	309.21	−0.203%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0487% / S −0.0184%	1h	309.42	−0.136%	$454K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	310.17	+0.107%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	309.75	−0.030%	$356	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	309.41	−0.140%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0891%	1h	309.21	−0.203%	$385K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.87	+0.010%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0968%	1h	309.42	−0.137%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1019%	1h	309.44	−0.130%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	309.93	+0.027%	$417K	$543K	5x	as long as short
Hyperliquid TAO	+0.1871%	1h	310.42	+0.187%	$97.3M	$77.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	−0.358%	$22K	$271	12x	as long as short