Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%
Price spread now: Polymarket Perps against Bitget−0.086%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days+0.327%+$33 · spread now −0.086%, 7d avg −0.085%
=The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 439.41 | 0 | get 0.0000% / 8h | 7h 14m | $1.8M | $1.5M | 20x |
| Short | Polymarket Perps TSM-USD | 439.03 | 0.0050 | get 0.0006% / 1h | 14m 33s | $189K | $67K | 10x |
Bitget TSMUSDT
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $10.5
- Price spread: −0.086% → −0.085%
- −$0.16
- Slippage, 4 orders
- −$30.72
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$40.37
- Costs to cover
- 0.507%
- Break-even
- 33.9 days
Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: 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, 2 min ago | 3.07 bp | 13.9 bp −$14 | 15.3 bp −$153 | 48.5 bp −$4,851 | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 5.47 bp | 10.9 bp −$11 | 11.0 bp −$110 | 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 | −0.0647% | 4h | 439.20 | −0.049% | $47K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.16 | −0.057% | $82K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 439.34 | −0.016% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 439.48 | +0.017% | $12.8M | $8.3M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 438.95 | −0.105% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.45 | +0.009% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.18 | −0.052% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 439.41 | long leg | $1.8M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 439.48 | +0.016% | $550K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.76 | −0.148% | $13K | $1.3M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 439.33 | −0.018% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.42 | +0.002% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.77 | −0.146% | $1.5M | $542K | 10x | as long as short |
| BloFin TSM-USDT | +0.0021% | 8h | 439.53 | +0.027% | $45K | $110K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.23 | −0.041% | $495K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.27 | −0.032% | $203K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.71 | −0.387% | $370K | $94K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.11 | −0.068% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.89 | −0.118% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 439.03 | −0.086% | $189K | $67K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 438.76 | −0.148% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.73 | −0.155% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.79 | −0.141% | $266K | $356K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.28 | −0.030% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.21 | −0.046% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.65 | −0.173% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.033% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1049% | 1h | 439.36 | −0.011% | $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
tradeXYZ xyz:TSM
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