Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%
Price spread now: tradeXYZ against Binance−0.079%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now −0.079%, 7d avg −0.121%
=Together, before fees+0.257%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 439.35 | 0 | get 0.0000% / 8h | 7h 16m | $12.8M | $8.3M | 20x |
| Short | tradeXYZ xyz:TSM | 439.00 | 0.0050 | get 0.0006% / 1h | 16m 36s | $10.0M | $1.9M | 10x |
Binance TSMUSDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.079% → −0.121%
- $4.23
- Slippage, 4 orders
- −$19.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$32.79
- Costs to cover
- 0.475%
- Break-even
- 28.9 days
Slippage from Binance: live order book, 9 min ago; tradeXYZ: live order book, 2 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, 9 min ago | 0.46 bp | 10.3 bp −$10 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 1.03 bp | 13.0 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0783% | 4h | 438.88 | −0.107% | $47K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.86 | −0.111% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 439.31 | −0.009% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDTlong | 0.0000% | 8h | 439.35 | long leg | $12.8M | $8.3M | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 439.05 | −0.068% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.30 | −0.011% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.10 | −0.056% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.34 | −0.002% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.35 | −0.227% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.76 | −0.134% | $13K | $1.3M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 439.34 | −0.002% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 438.85 | −0.113% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.75 | −0.136% | $1.5M | $539K | 10x | as long as short |
| BloFin TSM-USDT | +0.0013% | 8h | 439.15 | −0.045% | $45K | $110K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.94 | −0.093% | $494K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.99 | −0.081% | $202K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.71 | −0.373% | $370K | $94K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.86 | −0.111% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 439.00 | −0.079% | $10.0M | $1.9M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.96 | −0.088% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.71 | −0.145% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.79 | −0.354% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.73 | −0.141% | $266K | $353K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.00 | −0.079% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.10 | −0.057% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.65 | −0.159% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.048% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1346% | 1h | 439.24 | −0.024% | $4 | $13K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
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
Deribit TSM_USDC-PERPETUAL