Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: Polymarket Perps against Extended−0.039%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.039%, 7d avg −0.053%
=Together, before fees+0.061%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.083%, 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 | Extended TSM-USD | 439.62 | 0.0064 | pay 0.0008% / 1h | 38m 21s | $4K | $189K | 10x |
| Short | Polymarket Perps TSM-USD | 439.45 | 0.0050 | get 0.0006% / 1h | 38m 21s | $190K | $68K | 10x |
Extended TSM-USD
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$2.94
- Price spread: −0.039% → −0.053%
- $1.34
- Slippage, 4 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.59
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Extended: live order book, 63 min ago; Polymarket Perps: live order book, 63 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, 63 min ago | 0.80 bp | 8.6 bp −$9 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 63 min ago | 2.28 bp | 6.4 bp −$6 | 7.4 bp −$74 | 10.3 bp −$1,026 | 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 | −0.0152% | 8h | 439.77 | +0.034% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.28 | +0.377% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.33 | −0.067% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.75 | +0.029% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.57 | −0.012% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.82 | +0.046% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.78 | +0.036% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | −0.012% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.78 | +0.263% | $1.5M | $528K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.71 | +0.020% | $496K | $188K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.47 | −0.035% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.31 | −0.071% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 439.77 | +0.034% | $45K | $106K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.21 | −0.094% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 439.45 | −0.039% | $190K | $68K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 439.22 | −0.092% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.55 | −0.016% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.067% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 439.79 | +0.037% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USDlong | +0.0064% | 1h | 439.62 | long leg | $4K | $189K | 10x | |
| GRVT TSM_USDT_Perp | +0.0070% | 8h | 439.78 | +0.035% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.41 | −0.048% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.66 | +0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.70 | +0.018% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.59 | −0.007% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.000% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0331% | 4h | 439.75 | +0.030% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0638% | 1h | 439.67 | +0.011% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL