Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.005%
Price spread now: SoDEX against GRVT−0.096%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.096% cheaper against GRVT than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT TSM_USDT_Perp | 441.74 | 0.0135 | pay 0.0135% / 8h | 4h 16m | $11K | $1.2M | 10x |
| Short | SoDEX TSM-USD | 441.32 | 0.0050 | get 0.0006% / 1h | 16m 49s | $139 | $3K | 10x |
GRVT TSM_USDT_Perp
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$17.85
- Price spread: −0.096% → 0.000%
- −$9.58
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$44.43
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 1 min ago; SoDEX: 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, 1 min ago | 1.59 bp | 6.1 bp −$6 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.0963% | 4h | 441.88 | +0.031% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0079% | 8h | 441.92 | +0.040% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.85 | +0.025% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.60 | −0.032% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.64 | −0.023% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.63 | −0.026% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.83 | +0.020% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.66 | −0.019% | $2K | $4.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 441.45 | −0.066% | $97 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.47 | −0.062% | $9K | $8K | 20x | 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
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 441.77 | +0.006% | $1.5M | $471K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.87 | +0.029% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.53 | −0.048% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.44 | −0.069% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.52 | −0.050% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.33 | −0.093% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 441.32 | −0.096% | $139 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.52 | −0.050% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0077% | 8h | 441.70 | −0.010% | $45K | $99K | 20x | as long as short |
| Binance TSMUSDT | +0.0078% | 8h | 441.70 | −0.010% | $13.0M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 441.54 | −0.046% | $1K | $190K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.35 | −0.089% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.57 | −0.039% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.61 | −0.031% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.216% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perplong | +0.0135% | 8h | 441.74 | long leg | $11K | $1.2M | 10x | |
| Phoenix TSM | +0.0199% | 1h | 441.66 | −0.019% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.346% | $7K | $38K | 12x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP