Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.005%
Price spread now: Binance against Extended+0.028%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.028%, 7d avg +0.031%
=Together, before fees−0.451%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 440.79 | 0.0064 | pay 0.0008% / 1h | 0m 44s | $1K | $191K | 10x |
| Short | Binance TSMUSDT | 440.91 | 0.0062 | get 0.0062% / 8h | 3h 00m | $12.9M | $7.6M | 20x |
Extended TSM-USD
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.41
- Price spread: +0.028% → +0.031%
- −$0.36
- Slippage, 4 orders
- −$21.12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.89
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from Extended: live order book, 51 min ago; Binance: live order book, 10 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 Extended live order book, 51 min ago | 1.48 bp | 9.3 bp −$9 | 119.8 bp −$1,198 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.11 bp | 7.7 bp −$8 | 19.0 bp −$190 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0213% | 8h | 440.92 | +0.030% | $1.7M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0149% | 4h | 440.91 | +0.027% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.81 | +0.006% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.69 | −0.022% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.83 | +0.010% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.69 | −0.022% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.89 | +0.024% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.96 | +0.040% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.67 | −0.026% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.18 | +0.089% | $1.5M | $494K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
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 | 440.87 | +0.019% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.83 | +0.010% | $219K | $677K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 441.08 | +0.067% | $45K | $102K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.54 | −0.056% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.45 | −0.076% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.71 | −0.017% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.54 | −0.056% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.60 | −0.042% | $157K | $23K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0062% | 8h | 440.91 | +0.028% | $12.9M | $7.6M | 20x | |
| Extended TSM-USDlong | +0.0064% | 1h | 440.79 | long leg | $1K | $191K | 10x | |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.59 | −0.044% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.171% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.51 | −0.063% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.86 | +0.017% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.92 | +0.031% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.79 | +0.001% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +0.999% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0318% | 1h | 440.77 | −0.004% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL