Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: HTX against Injective−1.455%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 1.455% cheaper against Injective than usual: you would sell low and buy high (−$146 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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 | Injective TSM/USDC PERP | 443.95 | 0.0220 | pay 0.0028% / 1h | 28m 10s | $6K | $38K | 12x |
| Short | HTX TSM-USDT | 437.49 | 0 | get 0.0000% / 8h | 7h 28m | $9K | $8K | 20x |
Injective TSM/USDC PERP
HTX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Injective. 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
- −$46.2
- Price spread: −1.455% → 0.000%
- −$145.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$203.73
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; HTX: 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 Injective no order-book sample | — | — | — | — | — |
| Sell HTX no order-book sample | — | — | — | — | — |
Injective and HTX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0014% | 8h | 437.56 | −1.439% | $45K | $108K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 437.99 | −1.341% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 437.50 | −1.452% | $3K | $216K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 437.62 | −1.426% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.19 | −1.523% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.45 | −1.464% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.26 | −1.507% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.50 | −1.453% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 437.72 | −1.403% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.70 | −1.408% | $13K | $1.3M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit 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 | 437.59 | −1.433% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDTshort | 0.0000% | 8h | 437.49 | −1.455% | $9K | $8K | 20x | |
| Phemex TSMUSDT | 0.0000% | 8h | 437.69 | −1.410% | $1.5M | $536K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.55 | −1.442% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 437.50 | −1.453% | $194K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.04 | −1.556% | $371K | $92K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.33 | −1.491% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.08 | −1.547% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.10 | −1.543% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.10 | −1.543% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 436.98 | −1.570% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.33 | −1.491% | $265K | $341K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 437.59 | −1.433% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.53 | −1.447% | $123 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0143% | 4h | 437.63 | −1.424% | $47K | $217K | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.48 | −1.457% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERPlong | +0.0220% | 1h | 443.95 | long leg | $6K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0345% | 1h | 437.49 | −1.455% | $96 | $13K | 10x | as long as short |
SunX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
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
edgeX TSMUSDC
Phoenix TSM
Deribit TSM_USDC-PERPETUAL