Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.001%
Price spread now: SunX against Coinbase International+0.191%7-day average +0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2712.707% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.191%, 7d avg +0.203%
=The price spread sits at its 7-day average of +0.203%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.130%, 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 | 439.33 | 0.0056 | pay 0.0007% / 1h | 19m 57s | $366K | $97K | 10x |
| Short | SunX TSM-USDT | 440.17 | 0 | get 0.0000% / 8h | 19m 57s | $1K | $4.1M | 10x |
Coinbase International TSM-PERP-INTX
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$11.76
- Price spread: +0.191% → +0.203%
- −$1.17
- Slippage, 4 orders
- −$252.7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$283.63
- Costs to cover
- 2.707%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 18 min ago; SunX: live order book, 8 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, 18 min ago | 4.89 bp | 10.7 bp −$11 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 44.68 bp | 126.8 bp −$127 | doesn't fit | 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 | −0.0259% | 4h | 439.74 | +0.092% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0096% | 8h | 439.76 | +0.098% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.05 | +0.164% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.82 | +0.112% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.93 | +0.137% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.91 | +0.132% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.158% | $559K | $38K | — | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 440.17 | +0.191% | $1K | $4.1M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 440.03 | +0.159% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.76 | +0.325% | $1.5M | $529K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
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 | 439.99 | +0.150% | $497K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.84 | +0.116% | $220K | $723K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.75 | +0.096% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.60 | +0.061% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.76 | +0.098% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.59 | +0.059% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.18 | −0.034% | $157K | $29K | 10x | as long as short |
| BloFin TSM-USDT | +0.0053% | 8h | 440.03 | +0.159% | $45K | $107K | 20x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0056% | 1h | 439.33 | long leg | $366K | $97K | 10x | |
| Binance TSMUSDT | +0.0062% | 8h | 440.14 | +0.185% | $12.9M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.01 | +0.155% | $3K | $221K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0077% | 8h | 439.81 | +0.108% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.56 | +0.052% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.08 | +0.171% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.05 | +0.165% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.88 | +0.125% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.068% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0455% | 1h | 440.03 | +0.159% | $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
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL