Funding you earn now, next payment 06:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.021%
Price spread now: GRVT against Aevo−0.040%71s7-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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.040% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo TSM-PERP | 440.33 | 0.0104 | pay 0.0013% / 1h | 14m 21s | $123 | — | 10x |
| Short | GRVT TSM_USDT_Perp | 440.15 | 0.0053 | get 0.0053% / 8h | 2h 14m | $13K | $1.3M | 10x |
Aevo TSM-PERP
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$10.71
- Price spread: −0.040% → 0.000%
- −$3.96
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$39.67
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 4 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 GRVT live order book, 4 min ago | 1.82 bp | 19.8 bp −$20 | doesn't fit | 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 | −0.0419% | 4h | 440.28 | −0.010% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0244% | 8h | 440.24 | −0.020% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.29 | −0.008% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.16 | −0.038% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.29 | −0.008% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.09 | −0.054% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | −0.058% | $552K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.41 | +0.019% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.99 | −0.076% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.32 | +0.226% | $1.5M | $509K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 440.35 | +0.005% | $496K | $138K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.20 | −0.029% | $220K | $681K | 10x | as long as short |
| BloFin TSM-USDT | +0.0034% | 8h | 440.22 | −0.024% | $45K | $103K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.00 | −0.074% | — | $1K | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 440.28 | −0.010% | $5K | $183K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.97 | −0.081% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.02 | −0.069% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.87 | −0.104% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −0.081% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0051% | 8h | 440.39 | +0.014% | $12.8M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0053% | 8h | 440.15 | −0.040% | $13K | $1.3M | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.226% | $366K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.91 | −0.094% | $266K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.32 | −0.001% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 440.33 | long leg | $123 | — | 10x | |
| Phoenix TSM | +0.0163% | 1h | 440.14 | −0.042% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.982% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0250% | 1h | 440.26 | −0.015% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL