Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Bybit+0.070%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.070%, 7d avg +0.043%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.257%, 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 | Bybit TSMUSDT | 441.08 | 0 | get 0.0000% / 8h | 4h 43m | $2.0M | $395K | 50x |
| Short | Binance TSMUSDT | 441.39 | 0.0064 | get 0.0064% / 8h | 4h 43m | $13.0M | $7.1M | 20x |
Bybit TSMUSDT
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $13.45
- Price spread: +0.070% → +0.043%
- $2.76
- Slippage, 4 orders
- −$24.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$28.81
- Costs to cover
- 0.450%
- Break-even
- 22.0 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 12 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 Bybit live order book, 3 min ago | 1.92 bp | 11.2 bp −$11 | 74.8 bp −$748 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.68 bp | 10.3 bp −$10 | 24.2 bp −$242 | 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 | −0.0681% | 4h | 442.12 | +0.235% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.02 | +0.213% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 441.08 | long leg | $2.0M | $395K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.33 | +0.057% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.14 | +0.014% | $1.7M | $971K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.33 | +0.057% | $1.8M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.98 | +0.204% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.27 | +0.043% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.07 | −0.002% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.62 | +0.122% | $1.5M | $455K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.25 | +0.039% | $497K | $175K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.25 | +0.039% | $220K | $642K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.96 | −0.027% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.93 | −0.034% | $10.2M | $2.2M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.08 | 0.000% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.37 | −0.161% | $158K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0061% | 1h | 441.11 | +0.007% | $194K | $52K | 10x | as long as short |
| BloFin TSM-USDT | +0.0063% | 8h | 442.09 | +0.229% | $45K | $98K | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.27 | +0.044% | $3K | $188K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0064% | 8h | 441.39 | +0.070% | $13.0M | $7.1M | 20x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.11 | +0.007% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.16 | +0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.06 | −0.004% | $123 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 442.22 | +0.258% | $6K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.066% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.94 | +0.195% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.499% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0635% | 1h | 441.16 | +0.018% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
BloFin TSM-USDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL