Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%
Price spread now: tradeXYZ against OKX−0.065%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.065%, 7d avg −0.073%
=Together, before fees+0.139%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 444.67 | 0 | get 0.0000% / 8h | 6h 36m | $4.0M | $2.5M | 20x |
| Short | tradeXYZ xyz:TSM | 444.38 | 0.0050 | get 0.0006% / 1h | 36m 06s | $10.2M | $2.3M | 10x |
OKX TSM-USDT-SWAP
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.065% → −0.073%
- $0.77
- Slippage, 4 orders
- −$20.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.54
- Costs to cover
- 0.488%
- Break-even
- 32.0 days
Slippage from OKX: live order book, 1 min ago; tradeXYZ: live order book, 12 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, 1 min ago | 1.35 bp | 9.3 bp −$9 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 0.11 bp | 14.9 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.71 | +0.009% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.39 | −0.063% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 444.67 | long leg | $4.0M | $2.5M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 444.61 | −0.013% | $1.7M | $915K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.79 | +0.027% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.77 | +0.023% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.80 | +0.029% | $1K | $4.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.60 | −0.016% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.84 | +0.038% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0005% | 8h | 444.83 | +0.036% | $13.1M | $6.9M | 20x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0008% | 1h | 444.71 | +0.009% | $5K | $196K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.22 | −0.101% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.229% | $45K | $99K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.61 | −0.013% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.31 | −0.081% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 444.38 | −0.065% | $10.2M | $2.3M | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 444.22 | −0.101% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | −0.056% | $160K | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0052% | 1h | 444.60 | −0.016% | $200K | $45K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0066% | 8h | 444.89 | +0.049% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.40 | −0.061% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.72 | +0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.70 | +0.008% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.44 | −0.052% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.349% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0424% | 1h | 445.11 | +0.099% | $502K | $170K | 10x | as long as short |
| edgeX TSMUSDC | +0.0704% | 4h | 444.76 | +0.020% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1079% | 1h | 444.67 | 0.000% | $4 | $23K | 10x | as long as short |
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL