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: Polymarket Perps against Popdex+0.029%7-day average +0.010% · 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−$33as in the Price arb table

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

Long on Popdex Short on Polymarket Perps

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	Popdex TAOUSDT	313.94	0.0096	pay 0.0012% / 1h	43m 56s	$40K	$550K	20x
Short	Polymarket Perps TAO-USD	314.03	0.0157	get 0.0020% / 1h	43m 56s	$77K	$521K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Popdex. 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 PopdexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: $12.72
Price spread: +0.029% → +0.010%: $1.86
Slippage, 4 orders: −$20.57
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.39
Costs to cover: 0.350%
Break-even: 18.2 days

Slippage from Popdex: live order book, 35 min ago; Polymarket Perps: live order book, 34 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 Popdex live order book, 35 min ago	3.43 bp	10.9 bp −$11	73.0 bp −$730	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 34 min ago	2.78 bp	6.8 bp −$7	9.4 bp −$94	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	+0.023%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.82	−0.357%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.65	−0.412%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.143%	$23K	$260	12x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	313.94	long leg	$40K	$550K	20x
Pacifica TAO	+0.0100%	1h	313.41	−0.170%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.99	−0.303%	$88.5M	$424.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.13	−0.258%	$61.3M	$123.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.00	−0.299%	$25.1M	$100.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.80	−0.363%	$12.7M	$49.2M	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	312.56	−0.440%	$119.5M	$127.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.91	−0.328%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.67	−0.405%	$34.9M	$46.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.04	−0.287%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	−0.094%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.074%	$519K	$950K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.13	−0.258%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.83	−0.354%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.00	−0.299%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.94	−0.319%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.16	−0.247%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.74	−0.064%	$830	$539K	5x	as long as short
Bullet TAO-USD	+0.0154%	1h	313.11	−0.264%	$11K	$17K	20x	as long as short
Polymarket Perps TAO-USDshort	+0.0157%	1h	314.03	+0.029%	$77K	$521K	5x
Arcus TAO-USD	+0.0186%	1h	313.79	−0.048%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	−0.145%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	313.40	−0.173%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0205%	4h	312.95	−0.315%	$1.1M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0212%	1h	314.14	+0.064%	$47K	$270K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.23	−0.545%	$4.3M	$9.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0353%	1h	313.11	−0.264%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	313.17	−0.247%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.76	−0.376%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0519%	1h	313.34	−0.190%	$834K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.427%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0586%	1h	312.70	−0.395%	$300K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.16	−0.250%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	314.11	+0.054%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0880%	1h	312.77	−0.371%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.29	−0.207%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.89	−0.017%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1472%	1h	313.61	−0.104%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2086%	1h	313.14	−0.255%	$97.5M	$83.2M	5x	as long as short