Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.013%
Price spread now: Vest against Coinbase International+0.049%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
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Vest is 0.049% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 446.95 | −0.0024 | get 0.0003% / 1h | 30m 45s | $358K | $101K | 10x |
| Short | Vest TSM-USD-PERP | 447.17 | 0.0046 | get 0.0006% / 1h | 30m 45s | — | — | 25x |
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $14.63
- Price spread: +0.049% → 0.000%
- $4.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $7.56
- Costs to cover
- 0.120%
- Break-even
- 3.4 days
Slippage unknown: Coinbase International: live order book, 42 min ago; Vest: 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, 42 min ago | 1.57 bp | 7.8 bp −$8 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTXlong | −0.0024% | 1h | 446.95 | long leg | $358K | $101K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 447.69 | +0.167% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.68 | +0.162% | $5K | $208K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.89 | +0.209% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.68 | +0.163% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.85 | +0.201% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.58 | +0.141% | $1.7M | $909K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.25 | +0.066% | $554K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.35 | +0.089% | $9K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.29 | +0.076% | $1K | $5.0M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 446.93 | −0.004% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.95 | +0.224% | $1.5M | $451K | 10x | as long as short |
| Bitget TSMUSDT | +0.0006% | 8h | 447.84 | +0.199% | $1.6M | $1.4M | 20x | as long as short |
| BloFin TSM-USDT | +0.0026% | 8h | 447.19 | +0.054% | $44K | $102K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.90 | +0.213% | $232K | $638K | 10x | as long as short |
| Vest TSM-USD-PERPshort | +0.0046% | 1h | 447.17 | +0.049% | — | — | 25x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.54 | +0.132% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.11 | +0.036% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.97 | +0.004% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.16 | +0.047% | $158K | $20K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0085% | 1h | 447.39 | +0.098% | $4 | $32K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.43 | +0.107% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.20 | +0.056% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.58 | +0.141% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.34 | +0.087% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.79 | +1.083% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0256% | 1h | 448.29 | +0.300% | $506K | $166K | 10x | as long as short |
| edgeX TSMUSDC | +0.0389% | 4h | 447.28 | +0.074% | $48K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Bitget TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
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
edgeX TSMUSDC