Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Bybit against Extended−0.060%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$470.465% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.060%, 7d avg −0.012%
=Together, before fees+0.072%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.048% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 444.87 | 0 | get 0.0000% / 1h | 24m 05s | $2K | $167K | 10x |
| Short | Bybit TSMUSDT | 444.60 | 0 | get 0.0000% / 8h | 2h 24m | $2.0M | $418K | 50x |
Extended TSM-USD
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- Price spread: −0.060% → −0.012%
- −$4.77
- Slippage, 4 orders
- −$30.54
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.3
- Costs to cover
- 0.465%
- Break-even
- never at this rate
Slippage from Extended: live order book, 62 min ago; Bybit: live order book, 3 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, 62 min ago | 1.58 bp | 9.3 bp −$9 | 129.8 bp −$1,298 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.14 bp | 11.8 bp −$12 | 39.9 bp −$399 | 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 | −0.0018% | 4h | 444.94 | +0.018% | $48K | $214K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.90 | +0.007% | $82K | $1K | 20x | as long as short |
| Extended TSM-USDlong | 0.0000% | 1h | 444.87 | long leg | $2K | $167K | 10x | |
| Binance TSMUSDT | 0.0000% | 8h | 444.92 | +0.012% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 444.60 | −0.060% | $2.0M | $418K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.83 | −0.008% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.68 | −0.042% | $1.7M | $920K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.86 | −0.001% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.91 | +0.010% | $551K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.99 | +0.028% | $7K | $1.1M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 444.89 | +0.006% | $2K | $5.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 444.93 | +0.014% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.54 | −0.073% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.88 | +0.003% | $1.5M | $463K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.060% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDT | +0.0022% | 8h | 444.91 | +0.010% | $44K | $104K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.04 | +0.039% | $201K | $661K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.87 | +0.001% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.65 | −0.048% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.78 | −0.019% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.63 | −0.053% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.76 | −0.024% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.79 | −0.017% | $270K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.93 | +0.014% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.16 | +0.066% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.91 | +0.010% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.292% | $7K | $39K | 12x | as long as short |
| Lighter TSM | +0.0640% | 1h | 445.88 | +0.228% | $503K | $161K | 10x | as long as short |
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM