Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.013%
Price spread now: tradeXYZ against Aevo−0.089%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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.089% cheaper against Aevo than usual: you would sell low and buy high (−$9 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 | 444.72 | 0.0104 | pay 0.0013% / 1h | 38m 07s | $125 | — | 10x |
| Short | tradeXYZ xyz:TSM | 444.32 | 0.0050 | get 0.0006% / 1h | 38m 07s | $10.2M | $2.3M | 10x |
Aevo TSM-PERP
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$11.34
- Price spread: −0.089% → 0.000%
- −$8.89
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$54.23
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago | 0.11 bp | 14.9 bp −$15 | 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 | −0.0896% | 4h | 445.28 | +0.128% | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.77 | +0.012% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.71 | −0.001% | $5K | $196K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.43 | −0.064% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.70 | −0.003% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.54 | −0.039% | $1.7M | $915K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.80 | +0.019% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.96 | +0.054% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.84 | +0.028% | $1K | $4.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.60 | −0.026% | $9K | $9K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 444.83 | +0.026% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0002% | 8h | 444.85 | +0.030% | $13.1M | $6.9M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.22 | −0.111% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.219% | $45K | $99K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.73 | +0.003% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.40 | −0.071% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 444.32 | −0.089% | $10.2M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.62 | −0.021% | $200K | $45K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.27 | −0.100% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.59 | −0.028% | $160K | $25K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0056% | 8h | 444.86 | +0.033% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.39 | −0.073% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.77 | +0.012% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 444.72 | long leg | $125 | — | 10x | |
| Phoenix TSM | +0.0179% | 1h | 444.61 | −0.024% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.339% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0416% | 1h | 445.23 | +0.116% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0785% | 1h | 444.70 | −0.003% | $4 | $23K | 10x | as long as short |
Phemex TSMUSDT
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL