TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Phemex−0.070%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1171.169% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.070%, 7d avg −0.054%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSMUSDT	441.78	0	get 0.0000% / 8h	4h 09m	$1.5M	$577K	10x
Short	Bybit TSMUSDT	441.47	0	get 0.0000% / 8h	4h 09m	$2.0M	$355K	50x

Funding history

latest

Range statsloading…

Bybit against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee PhemexbpFee BybitbpOrdersPrice spread, now −0.070%Rate

Slippage from Phemex: live order book, 1 min ago; Bybit: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 1 min ago	12.58 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.15 bp	12.1 bp −$12	38.2 bp −$382	doesn't fit	doesn't fit

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
Coinbase International TSM-PERP-INTX	−0.0080%	1h	441.19	−0.134%	$372K	$108K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	441.60	−0.042%	$82K	$2K	20x	as long as short
Bybit TSMUSDTshort	0.0000%	8h	441.47	−0.070%	$2.0M	$355K	50x
OKX TSM-USDT-SWAP	0.0000%	8h	441.72	−0.014%	$4.1M	$2.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.54	−0.054%	$1.7M	$1.1M	100x	as long as short
SunX TSM-USDT	0.0000%	8h	441.72	−0.014%	$1K	$3.6M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.74	−0.009%	$9K	$8K	20x	as long as short
Phemex TSMUSDTlong	0.0000%	8h	441.78	long leg	$1.5M	$577K	10x
Bitget TSMUSDT	+0.0023%	8h	441.74	−0.009%	$1.8M	$1.5M	20x	as long as short
Lighter TSM	+0.0032%	1h	441.89	+0.025%	$498K	$142K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TSM/USDC PERP	+0.0033%	1h	446.24	+1.010%	$7K	$38K	12x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.53	−0.057%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.42	−0.081%	$10.1M	$1.9M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.52	−0.059%	$189K	$73K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.35	−0.097%	$132	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.08	−0.158%	$160K	$36K	10x	as long as short
Variational Omni TSM	+0.0079%	8h	441.67	−0.025%	$550K	$47K	—	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.25	−0.120%	$268K	$541K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.56	−0.050%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.67	−0.025%	$124	—	10x	as long as short
Extended TSM-USD	+0.0136%	1h	441.61	−0.038%	$2K	$227K	10x	as long as short
BloFin TSM-USDT	+0.0136%	8h	441.65	−0.029%	$46K	$123K	20x	as long as short
Binance TSMUSDT	+0.0138%	8h	441.78	0.000%	$13.2M	$8.9M	20x	as long as short
Phoenix TSM	+0.0217%	1h	441.43	−0.079%	$206K	$14K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0263%	8h	441.68	−0.022%	$12K	$1.4M	10x	as long as short
Lighter RH TSM	+0.0280%	1h	442.00	+0.050%	$198K	$566K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0770%	1h	441.56	−0.050%	$4	$9K	10x	as long as short
edgeX TSMUSDC	+0.0775%	4h	441.73	−0.012%	$48K	$215K	10x	as long as short