Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%
Price spread now: GRVT against Binance+0.020%69s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days+0.282%+$28 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.020%, 7d avg 0.000%
=Together, before fees+0.261%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.020% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 69 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 | Binance TSMUSDT | 441.41 | 0.0068 | pay 0.0068% / 8h | 3h 54m | $12.9M | $7.3M | 20x |
| Short | GRVT TSM_USDT_Perp | 441.50 | 0.0094 | get 0.0094% / 8h | 3h 54m | $7K | $1.2M | 10x |
Binance TSMUSDT
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $5.53
- Price spread: +0.020% → 0.000%
- $2.01
- Slippage, 4 orders
- −$25.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$36.79
- Costs to cover
- 0.443%
- Break-even
- 53.5 days
Slippage from Binance: live order book, 16 min ago; GRVT: live order book, 4 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, 16 min ago | 0.23 bp | 8.3 bp −$8 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.57 bp | 10.9 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0091% | 8h | 441.50 | +0.020% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.77 | +0.081% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.14 | −0.061% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.51 | +0.023% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.30 | −0.025% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.44 | +0.006% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.54 | +0.029% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.20 | −0.048% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.43 | +0.005% | $1.5M | $474K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.30 | −0.025% | $497K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.14 | −0.061% | $231K | $653K | 10x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 441.51 | +0.023% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.07 | −0.077% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.10 | −0.070% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.18 | −0.052% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.99 | −0.095% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | −0.032% | $158K | $22K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.29 | −0.028% | $6K | $195K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0068% | 8h | 441.41 | long leg | $12.9M | $7.3M | 20x | |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.140% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0094% | 8h | 441.50 | +0.020% | $7K | $1.2M | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.24 | −0.039% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.30 | −0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.27 | −0.033% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.27 | −0.032% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 446.02 | +1.044% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0499% | 1h | 441.18 | −0.052% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0570% | 4h | 441.51 | +0.023% | $48K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC