Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.027%
Price spread now: Coinbase International against Aevo−0.299%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 Coinbase International is 0.299% cheaper against Aevo than usual: you would sell low and buy high (−$30 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 | 445.93 | 0.0104 | pay 0.0013% / 1h | 26m 54s | $125 | — | 10x |
| Short | Coinbase International TSM-PERP-INTX | 444.60 | 0.0008 | get 0.0001% / 1h | 26m 54s | $356K | $96K | 10x |
Aevo TSM-PERP
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$20.16
- Price spread: −0.299% → 0.000%
- −$29.87
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$76.03
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 56 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 Coinbase International live order book, 56 min ago | 3.15 bp | 8.1 bp −$8 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0004% | 8h | 446.03 | +0.022% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.70 | −0.051% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.83 | −0.022% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.90 | −0.007% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.66 | −0.061% | $2.0M | $421K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.82 | −0.025% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.60 | −0.074% | $1.7M | $921K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.82 | −0.025% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.64 | −0.066% | $552K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.82 | −0.025% | $15K | $1.1M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 445.91 | −0.005% | $1K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.42 | −0.115% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.23 | −0.157% | $1.5M | $470K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0008% | 1h | 444.60 | −0.299% | $356K | $96K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 446.01 | +0.017% | $225K | $598K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.73 | −0.045% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.64 | −0.066% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.70 | −0.052% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.62 | −0.070% | $147 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.78 | −0.034% | $159K | $22K | 10x | as long as short |
| edgeX TSMUSDC | +0.0058% | 4h | 445.72 | −0.047% | $48K | $214K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0064% | 1h | 445.82 | −0.025% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.43 | −0.113% | $270K | $336K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.77 | −0.036% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 445.93 | long leg | $125 | — | 10x | |
| Phoenix TSM | +0.0162% | 1h | 445.51 | −0.095% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.892% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0456% | 1h | 446.52 | +0.132% | $504K | $167K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM