Funding you earn now, next payment 21:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.011%
Price spread now: Bitget against Coinbase International+0.061%7-day average +0.235% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.061%, 7d avg +0.235%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.174% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.235%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.221%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 444.60 | 0.0016 | pay 0.0002% / 1h | 27m 54s | $356K | $96K | 10x |
| Short | Bitget TSMUSDT | 444.87 | 0 | get 0.0000% / 8h | 2h 27m | $1.6M | $1.5M | 20x |
Coinbase International TSM-PERP-INTX
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Coinbase International. 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
- −$3.36
- Price spread: +0.061% → +0.235%
- −$17.39
- Slippage, 4 orders
- −$25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$67.75
- Costs to cover
- 0.470%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 60 min ago; Bitget: live order book, 4 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 Coinbase International live order book, 60 min ago | 2.81 bp | 8.0 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.82 bp | 11.6 bp −$12 | 19.1 bp −$191 | 52.5 bp −$5,252 | 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 | −0.0774% | 4h | 444.96 | +0.080% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0026% | 8h | 444.98 | +0.085% | $44K | $104K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.92 | +0.072% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.91 | +0.069% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 444.98 | +0.084% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.64 | +0.009% | $2.0M | $418K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.96 | +0.081% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.72 | +0.027% | $1.7M | $920K | 100x | as long as short |
| Bitget TSMUSDTshort | 0.0000% | 8h | 444.87 | +0.061% | $1.6M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 444.90 | +0.069% | $551K | $85K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.99 | +0.087% | $17K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.97 | +0.083% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.78 | +0.040% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.93 | +0.074% | $1.5M | $463K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0016% | 1h | 444.60 | long leg | $356K | $96K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 445.05 | +0.101% | $201K | $661K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.77 | +0.038% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.64 | +0.009% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.78 | +0.040% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.69 | +0.020% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.78 | +0.040% | $159K | $20K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0087% | 1h | 444.98 | +0.085% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.54 | −0.013% | $272K | $341K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.98 | +0.085% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.71 | +0.024% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.80 | +0.045% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.355% | $7K | $39K | 12x | as long as short |
| Lighter TSM | +0.0624% | 1h | 445.86 | +0.283% | $503K | $159K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM