Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Injective against OKX+1.396%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.396% dearer against OKX than usual: you sell high and buy low: +$140 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 443.30 | 0 | get 0.0000% / 8h | 6h 00m | $4.0M | $2.4M | 20x |
| Short | Injective TSM/USDC PERP | 449.49 | 0.0220 | get 0.0028% / 1h | 0m 57s | $7K | $38K | 12x |
OKX TSM-USDT-SWAP
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $46.2
- Price spread: +1.396% → 0.000%
- $139.63
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $175.81
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 1 min ago; Injective: 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 OKX live order book, 1 min ago | 1.47 bp | 9.1 bp −$9 | 28.4 bp −$284 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 27 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 | −0.0600% | 4h | 443.42 | +0.026% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.64 | +0.076% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.16 | −0.032% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 443.30 | long leg | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 443.20 | −0.023% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.48 | +0.041% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.52 | +0.049% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.59 | +0.065% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.50 | +0.045% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.66 | +0.081% | $1.5M | $440K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 443.28 | −0.005% | $370K | $107K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.41 | +0.025% | $223K | $646K | 10x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.38 | +0.017% | $4K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0043% | 8h | 443.49 | +0.043% | $13.0M | $6.7M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.94 | −0.081% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.00 | −0.068% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.03 | −0.061% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.06 | −0.054% | $159K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0055% | 1h | 443.24 | −0.014% | $196K | $51K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.03 | −0.061% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.45 | +0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.40 | +0.023% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.14 | −0.036% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0192% | 8h | 443.55 | +0.056% | $9K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 449.49 | +1.396% | $7K | $38K | 12x | |
| Lighter TSM | +0.0368% | 1h | 443.89 | +0.133% | $501K | $173K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0766% | 1h | 443.38 | +0.018% | $4 | $24K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
GRVT TSM_USDT_Perp
Lighter TSM
Deribit TSM_USDC-PERPETUAL