TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.009%

Price spread now: Polymarket Perps against Binance−0.089%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.369% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.373%+$37 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.089%, 7d avg −0.082%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSMUSDT	440.41	0.0051	pay 0.0051% / 8h	2h 14m	$12.8M	$7.8M	20x
Short	Polymarket Perps TSM-USD	440.02	0.0050	get 0.0006% / 1h	14m 11s	$192K	$63K	10x

Funding history

latest

Range statsloading…

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.089%Rate

Slippage from Binance: live order book, 11 min ago; Polymarket Perps: live order book, 33 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, 11 min ago	0.46 bp	10.5 bp −$10	22.9 bp −$229	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 33 min ago	3.40 bp	7.4 bp −$7	8.1 bp −$81	10.1 bp −$1,014	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	−0.0419%	4h	440.28	−0.030%	$47K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0244%	8h	440.24	−0.039%	$1.7M	$1.6M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.28	−0.029%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.16	−0.057%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.29	−0.027%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.19	−0.050%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.07	−0.077%	$552K	$30K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.41	0.000%	$2K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.26	−0.034%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.20	+0.179%	$1.5M	$510K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	440.36	−0.011%	$496K	$138K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.37	−0.009%	$220K	$681K	10x	as long as short
BloFin TSM-USDT	+0.0034%	8h	440.22	−0.043%	$45K	$103K	20x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.00	−0.093%	—	$1K	25x	as long as short
Extended TSM-USD	+0.0048%	1h	440.28	−0.029%	$5K	$183K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.99	−0.095%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USDshort	+0.0050%	1h	440.02	−0.089%	$192K	$63K	10x
SoDEX TSM-USD	+0.0050%	1h	439.87	−0.123%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.97	−0.100%	$158K	$27K	10x	as long as short
Binance TSMUSDTlong	+0.0051%	8h	440.41	long leg	$12.8M	$7.8M	20x
GRVT TSM_USDT_Perp	+0.0053%	8h	440.15	−0.059%	$13K	$1.3M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	439.33	−0.245%	$366K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.92	−0.111%	$266K	$311K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.32	−0.020%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.33	−0.019%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	440.14	−0.061%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.65	+0.963%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0250%	1h	440.26	−0.034%	$4	$24K	10x	as long as short