TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Phemex against Binance−0.004%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$840.839% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 2 days (all we have)+0.016%+$2 · spread now −0.004%, 7d avg −0.001%

Together, before fees+0.266%+$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSMUSDT	447.29	0	get 0.0000% / 8h	7h 34m	$13.2M	$6.9M	20x
Short	Phemex TSMUSDT	447.27	0	get 0.0000% / 8h	7h 34m	$1.5M	$452K	10x

Funding history

latest

Range statsloading…

Phemex against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee PhemexbpOrdersPrice spread, now −0.004%Rate

Slippage from Binance: live order book, 6 min ago; Phemex: live order book, 4 min ago.

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, 6 min ago	0.67 bp	10.3 bp −$10	22.8 bp −$228	96.0 bp −$9,601	doesn't fit
Sell Phemex live order book, 4 min ago	2.35 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit

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	−0.0459%	4h	447.23	−0.013%	$48K	$216K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0024%	1h	446.95	−0.076%	$358K	$101K	10x	as long as short
BloFin TSM-USDT	−0.0021%	8h	447.30	+0.002%	$44K	$102K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	447.20	−0.021%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	447.20	−0.021%	$4K	$192K	10x	as long as short
Binance TSMUSDTlong	0.0000%	8h	447.29	long leg	$13.2M	$6.9M	20x
Bybit TSMUSDT	0.0000%	8h	447.11	−0.040%	$2.0M	$408K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	447.28	−0.002%	$4.0M	$3.0M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	446.92	−0.083%	$1.7M	$907K	100x	as long as short
Variational Omni TSM	0.0000%	8h	447.36	+0.016%	$554K	$84K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSM_USDT_Perp	0.0000%	8h	447.37	+0.018%	$9K	$1.1M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	447.27	−0.004%	$2K	$5.0M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	447.14	−0.034%	$9K	$8K	20x	as long as short
Phemex TSMUSDTshort	0.0000%	8h	447.27	−0.004%	$1.5M	$452K	10x
Bitget TSMUSDT	+0.0009%	8h	447.26	−0.007%	$1.6M	$1.4M	20x	as long as short
Lighter RH TSM	+0.0032%	1h	447.25	−0.009%	$231K	$638K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	447.14	−0.034%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	447.03	−0.058%	$10.3M	$2.4M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	447.12	−0.038%	$197K	$41K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	446.94	−0.078%	$146	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	447.09	−0.045%	$158K	$20K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	446.86	−0.096%	$272K	$312K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	447.20	−0.020%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	447.22	−0.017%	$125	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	447.08	−0.047%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	452.06	+1.066%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0240%	1h	447.82	+0.118%	$505K	$166K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0421%	1h	447.16	−0.029%	$4	$32K	10x	as long as short