Funding you earn now, next payment 02:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h +0.016%
Price spread now: SoDEX against Coinbase International+0.016%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 443.28 | 0.0152 | pay 0.0019% / 1h | 54m 15s | $370K | $107K | 10x |
| Short | SoDEX TSM-USD | 443.35 | 0.0050 | get 0.0006% / 1h | 54m 15s | $137 | $3K | 10x |
Coinbase International TSM-PERP-INTX
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$21.42
- Price spread: +0.016% → 0.000%
- $1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$37.84
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 9 min ago; SoDEX: no order-book sample. Net counts fees only.
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, 9 min ago | 3.95 bp | 8.9 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TSM on 27 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 | 443.97 | +0.156% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.58 | +0.068% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.79 | +0.115% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.64 | +0.081% | $1.7M | $912K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.84 | +0.126% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.57 | +0.066% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.85 | +0.129% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.46 | +0.041% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.98 | +0.158% | $1.5M | $443K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.77 | +0.111% | $222K | $644K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSMShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.40 | +0.027% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.77 | +0.111% | $1K | $197K | 10x | as long as short |
| Binance TSMUSDT | +0.0048% | 8h | 443.82 | +0.122% | $13.0M | $6.8M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.35 | +0.016% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.57 | +0.065% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 443.35 | +0.016% | $137 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.06 | −0.050% | $159K | $23K | 10x | as long as short |
| Lighter TSM | +0.0080% | 1h | 444.05 | +0.174% | $501K | $173K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.41 | +0.029% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.72 | +0.099% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.79 | +0.114% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0152% | 1h | 443.28 | long leg | $370K | $107K | 10x | |
| Phoenix TSM | +0.0179% | 1h | 443.63 | +0.079% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0196% | 8h | 443.61 | +0.074% | $8K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.81 | +1.022% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0223% | 1h | 443.83 | +0.124% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0294% | 4h | 443.34 | +0.014% | $48K | $215K | 10x | as long as short |
Vest TSM-USD-PERP
Extended TSM-USD
Binance TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Lighter TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
GRVT TSM_USDT_Perp
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC