TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.013%

Price spread now: Bitget against OKX−0.004%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.004%, 7d avg +0.053%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.057% cheaper against OKX than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.053%). If the spread goes back, that is −$6 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSM-USDT-SWAP	447.53	0	get 0.0000% / 8h	7h 08m	$4.0M	$3.0M	20x
Short	Bitget TSMUSDT	447.51	0.0018	get 0.0018% / 8h	7h 08m	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersPrice spread, now −0.004%Rate

Funding earned: $3.78
Price spread: −0.004% → +0.053%: −$5.72
Slippage, 4 orders: −$17.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.33
Costs to cover: 0.394%
Break-even: 83.5 days

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 3 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 OKX live order book, 4 min ago	1.23 bp	8.2 bp −$8	29.3 bp −$293	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.47 bp	11.5 bp −$11	21.7 bp −$217	52.8 bp −$5,277	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
edgeX TSMUSDC	−0.0757%	4h	447.37	−0.037%	$48K	$215K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0024%	1h	446.95	−0.130%	$358K	$99K	10x	as long as short
BloFin TSM-USDT	−0.0010%	8h	447.59	+0.013%	$45K	$101K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	447.43	−0.021%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	447.38	−0.034%	$5K	$204K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	447.50	−0.007%	$13.2M	$6.9M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	447.13	−0.089%	$2.0M	$413K	50x	as long as short
OKX TSM-USDT-SWAPlong	0.0000%	8h	447.53	long leg	$4.0M	$3.0M	20x
Gate TSM_USDT	0.0000%	8h	447.32	−0.047%	$1.7M	$929K	100x	as long as short
Variational Omni TSM	0.0000%	8h	447.40	−0.029%	$554K	$82K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TSM-USDT	0.0000%	8h	447.59	+0.013%	$1K	$4.9M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	447.28	−0.056%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	447.55	+0.004%	$1.5M	$455K	10x	as long as short
Bitget TSMUSDTshort	+0.0018%	8h	447.51	−0.004%	$1.6M	$1.4M	20x
Lighter RH TSM	+0.0032%	1h	447.56	+0.007%	$229K	$655K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	447.31	−0.049%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	447.05	−0.107%	$10.3M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	447.26	−0.060%	$198K	$42K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	447.13	−0.089%	$146	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	446.98	−0.123%	$158K	$22K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0063%	8h	447.35	−0.040%	$13K	$1.1M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	447.18	−0.078%	$272K	$313K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	447.39	−0.031%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	447.37	−0.035%	$125	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	447.34	−0.042%	$218K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	452.15	+1.032%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0296%	1h	448.06	+0.118%	$506K	$167K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0533%	1h	447.21	−0.072%	$98	$32K	10x	as long as short