TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Polymarket Perps−0.029%7-day average −0.010% · 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−$37as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.227%−$23 · spread now −0.029%, 7d avg −0.010%

Together, before fees−0.229%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	314.03	0.0157	pay 0.0020% / 1h	44m 24s	$77K	$521K	5x
Short	Popdex TAOUSDT	313.94	0.0096	get 0.0012% / 1h	44m 24s	$40K	$550K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$12.72
Price spread: −0.029% → −0.010%: −$1.86
Slippage, 4 orders: −$20.57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$49.55
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 33 min ago; Popdex: live order book, 35 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, 33 min ago	2.78 bp	6.8 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Popdex live order book, 35 min ago	3.43 bp	10.5 bp −$11	84.7 bp −$847	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	−0.4722%	1h	314.01	−0.006%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.82	−0.386%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.65	−0.441%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.115%	$23K	$260	12x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	313.94	−0.029%	$40K	$550K	20x
Pacifica TAO	+0.0100%	1h	313.41	−0.198%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.93	−0.350%	$88.6M	$423.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.92	−0.353%	$61.3M	$123.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	−0.232%	$25.1M	$100.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	−0.328%	$12.7M	$49.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.20	−0.264%	$119.7M	$127.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.50	−0.169%	$19.1M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.05	−0.312%	$35.0M	$46.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.94	−0.347%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	−0.122%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.046%	$519K	$950K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.13	−0.287%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.67	−0.433%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.92	−0.353%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.93	−0.350%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.93	−0.351%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.74	−0.092%	$830	$539K	5x	as long as short
Bullet TAO-USD	+0.0154%	1h	313.11	−0.293%	$11K	$17K	20x	as long as short
Polymarket Perps TAO-USDlong	+0.0157%	1h	314.03	long leg	$77K	$521K	5x
Arcus TAO-USD	+0.0186%	1h	313.79	−0.076%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	−0.173%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	313.40	−0.202%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0205%	4h	313.43	−0.191%	$1.1M	$7.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0212%	1h	314.14	+0.035%	$47K	$270K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.23	−0.573%	$4.3M	$9.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.84	−0.380%	$5.8M	$19.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0473%	1h	312.86	−0.372%	$18K	$1.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.76	−0.405%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0519%	1h	313.34	−0.219%	$834K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.455%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.50	−0.169%	$301K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.16	−0.278%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	314.11	+0.025%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0872%	1h	313.31	−0.231%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.29	−0.236%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.89	−0.045%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1472%	1h	313.60	−0.137%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2103%	1h	313.73	−0.096%	$98.3M	$82.9M	5x	as long as short