Funding you earn now, next payment 09:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.015%
Price spread now: Coinbase International against Polymarket Perps−0.107%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.107%, 7d avg −0.132%
=The price spread pays, funding is against you. Coinbase International is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.132%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 439.89 | 0.0050 | pay 0.0006% / 1h | 19m 20s | $186K | $71K | 10x |
| Short | Coinbase International TSM-PERP-INTX | 439.42 | −0.0016 | pay 0.0002% / 1h | 19m 20s | $372K | $98K | 10x |
Polymarket Perps TSM-USD
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$13.86
- Price spread: −0.107% → −0.132%
- $2.5
- Slippage, 4 orders
- −$17.83
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$47.19
- Costs to cover
- 0.358%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 31 min ago; Coinbase International: live order book, 31 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, 31 min ago | 3.98 bp | 12.0 bp −$12 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 31 min ago | 2.51 bp | 7.5 bp −$8 | 10.7 bp −$107 | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0872% | 4h | 440.30 | +0.092% | $47K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | −0.0016% | 1h | 439.42 | −0.107% | $372K | $98K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 440.10 | +0.047% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.97 | +0.018% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.28 | +0.089% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.05 | +0.036% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.29 | +0.091% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.18 | +0.067% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.27 | +0.086% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.13 | +0.055% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 439.77 | −0.027% | $1.5M | $545K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.21 | +0.073% | $496K | $143K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.74 | −0.034% | — | $2K | 25x | as long as short |
| Lighter RH TSM | +0.0048% | 1h | 440.22 | +0.075% | $195K | $726K | 10x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 440.15 | +0.058% | $5K | $215K | 10x | as long as short |
| Binance TSMUSDT | +0.0049% | 8h | 440.28 | +0.089% | $13.0M | $8.3M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.89 | 0.000% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 439.89 | long leg | $186K | $71K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 439.83 | −0.014% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | +0.027% | $158K | $27K | 10x | as long as short |
| BloFin TSM-USDT | +0.0067% | 8h | 440.40 | +0.116% | $45K | $112K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.74 | −0.034% | $268K | $413K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.22 | +0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.19 | +0.067% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.08 | +0.043% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.923% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0232% | 8h | 440.34 | +0.102% | $9K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0682% | 1h | 440.15 | +0.059% | $4 | $11K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Vest TSM-USD-PERP
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL