Funding you earn now, next payment 16:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against Binance−0.034%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days+0.245%+$24 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.034%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 439.80 | 0.0035 | pay 0.0035% / 8h | 6h 54m | $12.9M | $8.3M | 20x |
| Short | OKX TSM-USDT-SWAP | 439.65 | 0 | get 0.0000% / 8h | 6h 54m | $4.0M | $2.7M | 20x |
Binance TSMUSDT
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$7.31
- Price spread: −0.034% → −0.045%
- $1.09
- Slippage, 4 orders
- −$17.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.51
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; OKX: live order book, 3 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 | 0.80 bp | 9.4 bp −$9 | 20.0 bp −$200 | 94.6 bp −$9,457 | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.25 bp | 10.4 bp −$10 | 22.2 bp −$222 | 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 | −0.0060% | 4h | 439.99 | +0.042% | $47K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.24 | −0.127% | $371K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.80 | +0.001% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.58 | −0.050% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 439.65 | −0.034% | $4.0M | $2.7M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 439.52 | −0.064% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.68 | −0.027% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.01 | +0.047% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.03 | +0.052% | $1K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.08 | +0.064% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
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 | 439.89 | +0.020% | $1.5M | $542K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.73 | −0.016% | $495K | $143K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 439.62 | −0.042% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0035% | 8h | 439.80 | long leg | $12.9M | $8.3M | 20x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.61 | −0.043% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.36 | −0.100% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.49 | −0.071% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.41 | −0.089% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.93 | +0.029% | $158K | $27K | 10x | as long as short |
| BloFin TSM-USDT | +0.0063% | 8h | 439.85 | +0.011% | $45K | $111K | 20x | as long as short |
| Lighter RH TSM | +0.0064% | 1h | 439.70 | −0.023% | $196K | $724K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.46 | −0.077% | $267K | $376K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.79 | −0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.76 | −0.010% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.83 | +0.007% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.943% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0279% | 8h | 439.98 | +0.040% | $12K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0660% | 1h | 439.81 | +0.002% | $4 | $13K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Extended TSM-USD
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Lighter RH TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL