Funding you earn now, next payment 05:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.049%
Price spread now: tradeXYZ against Injective−1.161%7-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
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and tradeXYZ is 1.161% cheaper against Injective than usual: you would sell low and buy high (−$116 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 | Injective TSM/USDC PERP | 445.45 | 0.0220 | pay 0.0028% / 1h | 16m 39s | $6K | $38K | 12x |
| Short | tradeXYZ xyz:TSM | 440.28 | 0.0050 | get 0.0006% / 1h | 16m 39s | $10.2M | $2.1M | 10x |
Injective TSM/USDC PERP
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$35.7
- Price spread: −1.161% → 0.000%
- −$116.06
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$169.78
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 12 min ago. 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 tradeXYZ live order book, 12 min ago | 0.57 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0208% | 8h | 440.69 | −1.069% | $1.8M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0059% | 4h | 440.93 | −1.015% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.65 | −1.077% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.52 | −1.107% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.55 | −1.100% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.36 | −1.143% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.96 | −1.008% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.65 | −1.078% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.01 | −0.997% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | −1.073% | $1.5M | $486K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
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 | 440.81 | −1.042% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.72 | −1.062% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.22 | −1.174% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 440.28 | −1.161% | $10.2M | $2.1M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.32 | −1.152% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.11 | −1.199% | $140 | $3K | 10x | as long as short |
| BloFin TSM-USDT | +0.0050% | 8h | 440.58 | −1.093% | $45K | $100K | 20x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −1.230% | $156K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.59 | −1.092% | $4K | $194K | 10x | as long as short |
| Binance TSMUSDT | +0.0066% | 8h | 440.73 | −1.061% | $12.9M | $7.5M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0081% | 8h | 440.78 | −1.047% | $8K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −1.217% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.28 | −1.161% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.47 | −1.118% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.59 | −1.091% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.38 | −1.138% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPlong | +0.0220% | 1h | 445.45 | long leg | $6K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0500% | 1h | 440.44 | −1.125% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL