Funding you earn now, next payment 05:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.009%
Price spread now: Binance against Polymarket Perps+0.045%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days−0.373%−$37 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.045%, 7d avg +0.082%
=Funding pays, the price is against you. Binance is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.082%). If the spread goes back, that is −$4 on $10k: about 7.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.373%, 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 | Polymarket Perps TSM-USD | 440.95 | 0.0050 | pay 0.0006% / 1h | 53m 14s | $193K | $56K | 10x |
| Short | Binance TSMUSDT | 441.15 | 0.0067 | get 0.0067% / 8h | 3h 53m | $12.9M | $7.3M | 20x |
Polymarket Perps TSM-USD
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Polymarket Perps. 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
- $3.55
- Price spread: +0.045% → +0.082%
- −$3.68
- Slippage, 4 orders
- −$15.28
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.4
- Costs to cover
- 0.333%
- Break-even
- 72.8 days
Slippage from Polymarket Perps: live order book, 64 min ago; Binance: live order book, 2 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 Polymarket Perps live order book, 64 min ago | 2.26 bp | 6.6 bp −$7 | 6.9 bp −$69 | 9.2 bp −$920 | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.68 bp | 9.3 bp −$9 | 19.9 bp −$199 | 87.7 bp −$8,770 | 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 | −0.0949% | 4h | 441.42 | +0.108% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0094% | 8h | 441.49 | +0.122% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.60 | +0.148% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.95 | 0.000% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.10 | +0.034% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.94 | −0.002% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.44 | +0.111% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.17 | +0.050% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.20 | +0.057% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.19 | +0.054% | $1.5M | $475K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 441.28 | +0.075% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.02 | +0.016% | $231K | $653K | 10x | as long as short |
| BloFin TSM-USDT | +0.0045% | 8h | 441.51 | +0.127% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.79 | −0.036% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.75 | −0.045% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 440.95 | long leg | $193K | $56K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 440.86 | −0.020% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | +0.073% | $158K | $22K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.05 | +0.022% | $6K | $195K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0067% | 8h | 441.15 | +0.045% | $12.9M | $7.3M | 20x | |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.036% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0094% | 8h | 441.50 | +0.124% | $7K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.98 | +0.007% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.19 | +0.054% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.07 | +0.028% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.27 | +0.073% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.125% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0272% | 1h | 441.05 | +0.023% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL