Funding you earn now, next payment 16:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.006%
Price spread now: SunX against Binance+0.015%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2682.680% of the position
Funding, last 7 days+0.245%+$24 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.015%, 7d avg −0.007%
=The price spread pays, funding is against you. SunX is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.007%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days. 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 | 440.08 | 0.0025 | pay 0.0025% / 8h | 7h 00m | $12.9M | $8.3M | 20x |
| Short | SunX TSM-USDT | 440.14 | 0 | get 0.0000% / 8h | 7h 00m | $2K | $3.9M | 10x |
Binance TSMUSDT
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$5.27
- Price spread: +0.015% → −0.007%
- $2.16
- Slippage, 4 orders
- −$249.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$271.07
- Costs to cover
- 2.680%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; SunX: live order book, 8 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, 10 min ago | 0.80 bp | 9.4 bp −$9 | 20.0 bp −$200 | 94.6 bp −$9,457 | doesn't fit |
| Sell SunX live order book, 8 min ago | 44.66 bp | 126.6 bp −$127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 439.81 | −0.060% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.65 | −0.097% | $2.0M | $402K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.98 | −0.022% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.81 | −0.060% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.03 | −0.010% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.05 | −0.005% | $551K | $44K | — | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 440.14 | +0.015% | $2K | $3.9M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.019% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.60 | −0.108% | $1.5M | $543K | 10x | as long as short |
| BloFin TSM-USDT | +0.0023% | 8h | 440.16 | +0.019% | $45K | $110K | 20x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0024% | 1h | 439.95 | −0.029% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0025% | 8h | 440.08 | long leg | $12.9M | $8.3M | 20x | |
| Lighter TSM | +0.0032% | 1h | 439.78 | −0.067% | $495K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.82 | −0.058% | $196K | $754K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 439.24 | −0.190% | $371K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.38 | −0.158% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.48 | −0.135% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.54 | −0.122% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.60 | −0.108% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.48 | −0.135% | $158K | $27K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.46 | −0.140% | $267K | $369K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.93 | −0.033% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.89 | −0.043% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.51 | −0.129% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.880% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0245% | 8h | 439.98 | −0.023% | $4K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0273% | 4h | 440.03 | −0.011% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0706% | 1h | 439.91 | −0.038% | $4 | $13K | 10x | as long as short |
Extended TSM-USD
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL