Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against Binance−0.072%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.249%+$25 on $10k
+Price spread, last 2 days (all we have)+0.052%+$5 · spread now −0.072%, 7d avg −0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 444.92 | 0 | get 0.0000% / 8h | 2h 26m | $13.1M | $6.9M | 20x |
| Short | Bybit TSMUSDT | 444.60 | 0 | get 0.0000% / 8h | 2h 26m | $2.0M | $418K | 50x |
Binance TSMUSDT
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: −0.072% → −0.050%
- −$2.23
- Slippage, 4 orders
- −$24.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.31
- Costs to cover
- 0.451%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 5 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 Binance live order book, 14 min ago | 0.56 bp | 9.0 bp −$9 | 21.8 bp −$218 | 83.7 bp −$8,371 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.80 bp | 10.5 bp −$11 | 37.1 bp −$371 | doesn't fit | doesn't fit |
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 | −0.0774% | 4h | 444.96 | +0.008% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0015% | 8h | 444.95 | +0.007% | $44K | $104K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.92 | 0.000% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.87 | −0.012% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDTlong | 0.0000% | 8h | 444.92 | long leg | $13.1M | $6.9M | 20x | |
| Bybit TSMUSDTshort | 0.0000% | 8h | 444.60 | −0.072% | $2.0M | $418K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.82 | −0.022% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.70 | −0.049% | $1.7M | $920K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.88 | −0.009% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.90 | −0.003% | $551K | $85K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.99 | +0.015% | $17K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.91 | −0.002% | $1K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.54 | −0.085% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.84 | −0.018% | $1.5M | $463K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.072% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.15 | +0.052% | $201K | $661K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.88 | −0.009% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.66 | −0.058% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.77 | −0.034% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.62 | −0.067% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.54 | −0.085% | $158K | $20K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0087% | 1h | 444.99 | +0.016% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.71 | −0.047% | $271K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.93 | +0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.66 | −0.058% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 445.08 | +0.036% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.280% | $7K | $39K | 12x | as long as short |
| Lighter TSM | +0.0632% | 1h | 445.86 | +0.211% | $503K | $161K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM