Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.007%
Price spread now: Coinbase International against Extended−0.306%7-day average −0.185% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 4 days (all we have)+0.251%+$25 · spread now −0.306%, 7d avg −0.185%
=Together, before fees+0.077%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.121% cheaper against Extended than usual: you would sell low and buy high (spread −0.306% now, against its 7-day average of −0.185%). If the spread goes back, that is −$12 on $10k: about 17 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 440.68 | 0.0048 | pay 0.0006% / 1h | 12m 11s | $5K | $183K | 10x |
| Short | Coinbase International TSM-PERP-INTX | 439.33 | 0.0072 | get 0.0009% / 1h | 12m 11s | $366K | $102K | 10x |
Extended TSM-USD
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $5.04
- Price spread: −0.306% → −0.185%
- −$12.13
- Slippage, 4 orders
- −$23.25
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$45.34
- Costs to cover
- 0.382%
- Break-even
- 70.0 days
Slippage from Extended: live order book, 34 min ago; Coinbase International: live order book, 36 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, 34 min ago | 1.59 bp | 9.4 bp −$9 | 119.9 bp −$1,199 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 36 min ago | 3.97 bp | 9.2 bp −$9 | 12.8 bp −$128 | 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 | −0.0351% | 4h | 440.09 | −0.133% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0238% | 8h | 440.69 | +0.002% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.47 | −0.047% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.59 | −0.020% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.68 | 0.000% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.51 | −0.039% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | −0.138% | $552K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.90 | +0.050% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.26 | −0.095% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.33 | +0.148% | $1.5M | $511K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
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 | 440.71 | +0.007% | $496K | $138K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.65 | −0.007% | $220K | $681K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.35 | −0.075% | — | $1K | 25x | as long as short |
| Extended TSM-USDlong | +0.0048% | 1h | 440.68 | long leg | $5K | $183K | 10x | |
| GRVT TSM_USDT_Perp | +0.0049% | 8h | 440.18 | −0.113% | $13K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.39 | −0.066% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.46 | −0.050% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.13 | −0.125% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −0.161% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0051% | 8h | 440.83 | +0.035% | $12.9M | $7.8M | 20x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0072% | 1h | 439.33 | −0.306% | $366K | $102K | 10x | |
| BloFin TSM-USDT | +0.0078% | 8h | 440.38 | −0.068% | $45K | $103K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.21 | −0.107% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.53 | −0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.75 | +0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.13 | −0.125% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.901% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0522% | 1h | 440.66 | −0.004% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
GRVT TSM_USDT_Perp
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL