Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.003%
Price spread now: Coinbase International against OKX−0.263%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.263%, 7d avg −0.165%
=Funding pays, the price is against you. Coinbase International is 0.098% cheaper against OKX than usual: you would sell low and buy high (spread −0.263% now, against its 7-day average of −0.165%). If the spread goes back, that is −$10 on $10k: about 3.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 441.19 | 0 | get 0.0000% / 8h | 3h 27m | $4.0M | $2.5M | 20x |
| Short | Coinbase International TSM-PERP-INTX | 440.03 | 0.0088 | get 0.0011% / 1h | 27m 09s | $367K | $102K | 10x |
OKX TSM-USDT-SWAP
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against OKX. 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
- $18.48
- Price spread: −0.263% → −0.165%
- −$9.84
- Slippage, 4 orders
- −$17.85
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$29.2
- Costs to cover
- 0.378%
- Break-even
- 18.1 days
Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 26 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, 5 min ago | 1.02 bp | 10.2 bp −$10 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 3.06 bp | 9.3 bp −$9 | 13.3 bp −$133 | doesn't fit | 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 | −0.0647% | 4h | 440.90 | −0.065% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0200% | 8h | 441.22 | +0.007% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.01 | −0.040% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.84 | −0.079% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 441.19 | long leg | $4.0M | $2.5M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 441.07 | −0.027% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.76 | −0.098% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.23 | +0.009% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.91 | −0.063% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.40 | +0.048% | $1.5M | $482K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
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 | 441.03 | −0.036% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.13 | −0.014% | $223K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.70 | −0.111% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.75 | −0.100% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.77 | −0.095% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.61 | −0.131% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | −0.143% | $157K | $22K | 10x | as long as short |
| BloFin TSM-USDT | +0.0070% | 8h | 441.32 | +0.029% | $45K | $100K | 20x | as long as short |
| Binance TSMUSDT | +0.0071% | 8h | 441.16 | −0.006% | $12.9M | $7.5M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.00 | −0.043% | $2K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0088% | 1h | 440.03 | −0.263% | $367K | $102K | 10x | |
| GRVT TSM_USDT_Perp | +0.0095% | 8h | 440.92 | −0.061% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.70 | −0.111% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.12 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.14 | −0.012% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.09 | −0.023% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.10 | +0.886% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0499% | 1h | 441.04 | −0.034% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL