Funding you earn now, next payment 01:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.031%
Price spread now: Aevo against GRVT−0.034%71s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Aevo is 0.034% cheaper against GRVT than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.8 days of funding at the current rate (+$1 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT TSM_USDT_Perp | 447.56 | 0.0063 | pay 0.0063% / 8h | 7h 06m | $13K | $1.1M | 10x |
| Short | Aevo TSM-PERP | 447.41 | 0.0104 | get 0.0013% / 1h | 6m 00s | $125 | — | 10x |
GRVT TSM_USDT_Perp
Aevo TSM-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against GRVT. 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
- $8.61
- Price spread: −0.034% → 0.000%
- −$3.45
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$19.84
- Costs to cover
- 0.250%
- Break-even
- 23.1 days
Slippage unknown: GRVT: live order book, 2 min ago; Aevo: 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 GRVT live order book, 2 min ago | 2.35 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0036% | 4h | 447.53 | −0.007% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.137% | $358K | $99K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.35 | −0.047% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.40 | −0.036% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.48 | −0.018% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.16 | −0.090% | $2.0M | $412K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.48 | −0.019% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.32 | −0.054% | $1.7M | $929K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.45 | −0.025% | $554K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.47 | −0.021% | $2K | $4.9M | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
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 | 447.29 | −0.061% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.65 | +0.019% | $1.5M | $455K | 10x | as long as short |
| BloFin TSM-USDT | +0.0001% | 8h | 447.48 | −0.019% | $45K | $101K | 20x | as long as short |
| Bitget TSMUSDT | +0.0014% | 8h | 447.49 | −0.016% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.37 | −0.043% | $229K | $655K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.14 | −0.094% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.02 | −0.121% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.22 | −0.077% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.08 | −0.108% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.98 | −0.130% | $158K | $22K | 10x | as long as short |
| GRVT TSM_USDT_Perplong | +0.0063% | 8h | 447.56 | long leg | $13K | $1.1M | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.19 | −0.083% | $272K | $314K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.40 | −0.036% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPshort | +0.0104% | 1h | 447.41 | −0.034% | $125 | — | 10x | |
| Phoenix TSM | +0.0179% | 1h | 447.34 | −0.050% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.09 | +1.012% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0304% | 1h | 447.92 | +0.080% | $505K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0712% | 1h | 447.37 | −0.043% | $98 | $32K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Bitget TSMUSDT
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
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL