Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%
Price spread now: Bybit against Aevo−0.055%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.055% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo TSM-PERP | 441.96 | 0.0104 | pay 0.0013% / 1h | 45m 20s | $124 | — | 10x |
| Short | Bybit TSMUSDT | 441.72 | 0 | get 0.0000% / 8h | 4h 45m | $2.0M | $390K | 50x |
Aevo TSM-PERP
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aevo. 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
- −$21.84
- Price spread: −0.055% → 0.000%
- −$5.5
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.34
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 1.92 bp | 13.6 bp −$14 | 60.5 bp −$605 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TSM on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0681% | 4h | 442.12 | +0.035% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.43 | +0.106% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 441.72 | −0.055% | $2.0M | $390K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.01 | +0.011% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.65 | −0.071% | $1.7M | $968K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.00 | +0.008% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.98 | +0.003% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.97 | +0.002% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.98 | +0.004% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.84 | +0.198% | $1.5M | $454K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 442.11 | +0.033% | $498K | $175K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.78 | −0.041% | $220K | $642K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.38 | −0.132% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.43 | −0.121% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.50 | −0.105% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.74 | −0.051% | $158K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0059% | 1h | 441.68 | −0.064% | $194K | $52K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 441.98 | +0.004% | $13.0M | $6.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0063% | 8h | 442.09 | +0.029% | $45K | $98K | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.86 | −0.023% | $3K | $188K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.52 | −0.100% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.88 | −0.019% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 441.96 | long leg | $124 | — | 10x | |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 442.22 | +0.058% | $6K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 441.85 | −0.026% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.94 | −0.005% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.296% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0769% | 1h | 441.91 | −0.012% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL