Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Bitget−0.045%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.045%, 7d avg −0.045%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 446.79 | 0 | get 0.0000% / 8h | 3m 48s | $1.6M | $1.5M | 20x |
| Short | Bybit TSMUSDT | 446.59 | 0 | get 0.0000% / 8h | 3m 48s | $2.0M | $415K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $0
- Price spread: −0.045% → −0.045%
- $0.03
- Slippage, 4 orders
- −$21.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$44.64
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago | 2.35 bp | 11.6 bp −$12 | 23.6 bp −$236 | 55.3 bp −$5,529 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.24 bp | 10.6 bp −$11 | 55.6 bp −$556 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.18 | −0.137% | $357K | $97K | 10x | as long as short |
| BloFin TSM-USDT | −0.0015% | 8h | 446.85 | +0.013% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.73 | −0.012% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.80 | +0.002% | $4K | $169K | 10x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 446.59 | −0.045% | $2.0M | $415K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.80 | +0.002% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.45 | −0.076% | $1.7M | $912K | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 446.79 | long leg | $1.6M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 446.77 | −0.003% | $553K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.79 | 0.000% | $7K | $1.1M | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 446.86 | +0.016% | $2K | $5.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 446.74 | −0.011% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.59 | −0.045% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.91 | +0.027% | $1.5M | $456K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.89 | +0.022% | $13.2M | $6.8M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.98 | +0.043% | $228K | $609K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.70 | −0.020% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.67 | −0.027% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.60 | −0.043% | $197K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.55 | −0.054% | $143 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.49 | −0.067% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.46 | −0.074% | $271K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.83 | +0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.94 | +0.033% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.66 | −0.029% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +0.880% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0264% | 1h | 447.39 | +0.134% | $505K | $166K | 10x | as long as short |
| edgeX TSMUSDC | +0.0630% | 4h | 446.76 | −0.006% | $48K | $216K | 10x | as long as short |
Bitget TSMUSDT
Bybit TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDT
Lighter RH TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
KuCoin TSMUSDTM
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC