Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.012%
Price spread now: Coinbase International against Bitget−0.269%7-day average −0.223% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.269%, 7d avg −0.223%
=Funding pays, the price is against you. Coinbase International is 0.046% cheaper against Bitget than usual: you would sell low and buy high (spread −0.269% now, against its 7-day average of −0.223%). If the spread goes back, that is −$5 on $10k: about 3.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 438.89 | 0 | get 0.0000% / 8h | 7h 18m | $1.8M | $1.5M | 20x |
| Short | Coinbase International TSM-PERP-INTX | 437.71 | 0.0040 | get 0.0005% / 1h | 18m 41s | $370K | $94K | 10x |
Bitget TSMUSDT
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $8.4
- Price spread: −0.269% → −0.223%
- −$4.56
- Slippage, 4 orders
- −$16.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$34.84
- Costs to cover
- 0.387%
- Break-even
- 36.0 days
Slippage from Bitget: live order book, 8 min ago; Coinbase International: live order book, 14 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, 8 min ago | 2.40 bp | 9.7 bp −$10 | 23.4 bp −$234 | 56.1 bp −$5,611 | doesn't fit |
| Sell Coinbase International live order book, 14 min ago | 0.11 bp | 6.3 bp −$6 | 10.8 bp −$108 | 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 | 438.67 | −0.050% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 438.77 | −0.027% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 438.88 | −0.002% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 438.43 | −0.105% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.81 | −0.018% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.68 | −0.048% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 438.89 | long leg | $1.8M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 438.35 | −0.123% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.21 | −0.154% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.93 | +0.009% | $2K | $4.0M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 438.85 | −0.009% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.32 | −0.130% | $1.5M | $538K | 10x | as long as short |
| BloFin TSM-USDT | +0.0012% | 8h | 438.96 | +0.016% | $45K | $110K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.56 | −0.075% | $494K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.61 | −0.064% | $202K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0040% | 1h | 437.71 | −0.269% | $370K | $94K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.46 | −0.098% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.32 | −0.130% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.56 | −0.075% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.36 | −0.121% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.79 | −0.251% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.20 | −0.157% | $266K | $351K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.66 | −0.052% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.70 | −0.043% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.81 | −0.246% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.153% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0534% | 4h | 438.31 | −0.133% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0640% | 1h | 438.63 | −0.059% | $4 | $13K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
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
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL