Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.008%
Price spread now: Extended against Coinbase International−0.026%7-day average +0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.026%, 7d avg +0.186%
=Together, before fees+0.250%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.211% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.186%). If the spread goes back, that is −$21 on $10k: about 29 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.172% in total) that is about 8.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 439.33 | 0.0048 | pay 0.0006% / 1h | 32m 17s | $366K | $102K | 10x |
| Short | Extended TSM-USD | 439.22 | 0.0072 | get 0.0009% / 1h | 32m 17s | $3K | $172K | 10x |
Coinbase International TSM-PERP-INTX
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $5.04
- Price spread: −0.026% → +0.186%
- −$21.13
- Slippage, 4 orders
- −$23.71
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$54.8
- Costs to cover
- 0.387%
- Break-even
- 83.1 days
Slippage from Coinbase International: live order book, 11 min ago; Extended: live order book, 9 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, 11 min ago | 5.01 bp | 10.3 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Extended live order book, 9 min ago | 0.80 bp | 8.8 bp −$9 | 81.4 bp −$814 | 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 | −0.0859% | 4h | 439.77 | +0.099% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0224% | 8h | 439.50 | +0.039% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.22 | −0.025% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.27 | −0.014% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.33 | 0.000% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.14 | −0.043% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.75 | +0.095% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.48 | +0.034% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.22 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.58 | +0.285% | $1.5M | $516K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 439.32 | −0.002% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.10 | −0.052% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.78 | −0.125% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0048% | 1h | 439.33 | long leg | $366K | $102K | 10x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.90 | −0.098% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.12 | −0.048% | $191K | $65K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.84 | −0.112% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.33 | 0.000% | $157K | $27K | 10x | as long as short |
| Extended TSM-USDshort | +0.0072% | 1h | 439.22 | −0.026% | $3K | $172K | 10x | |
| Binance TSMUSDT | +0.0073% | 8h | 439.43 | +0.023% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 439.79 | +0.106% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0090% | 8h | 439.40 | +0.016% | $45K | $106K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.89 | −0.100% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.32 | −0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.37 | +0.008% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.31 | −0.005% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.124% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0844% | 1h | 439.31 | −0.005% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL