Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.027%
Price spread now: SunX against Polymarket Perps+0.034%50s7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2632.626% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.034%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.040% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.074%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 444.96 | 0.0050 | pay 0.0006% / 1h | 5m 34s | $188K | $82K | 10x |
| Short | SunX TSM-USDT | 445.11 | 0 | get 0.0000% / 8h | 2h 05m | $1K | $5.4M | 10x |
Polymarket Perps TSM-USD
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$10.5
- Price spread: +0.034% → +0.074%
- −$3.99
- Slippage, 4 orders
- −$246.64
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$277.13
- Costs to cover
- 2.626%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 16 min ago; SunX: live order book, 3 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, 16 min ago | 0.67 bp | 8.3 bp −$8 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 44.82 bp | 126.7 bp −$127 | 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 | 445.04 | +0.018% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.06 | +0.023% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.13 | +0.037% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.86 | −0.022% | $2.0M | $419K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.11 | +0.034% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.91 | −0.011% | $1.7M | $923K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.10 | +0.031% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.20 | +0.055% | $551K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.14 | +0.040% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 445.11 | +0.034% | $1K | $5.4M | 10x |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 444.81 | −0.034% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.97 | +0.002% | $1.5M | $465K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.081% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDT | +0.0024% | 8h | 445.17 | +0.047% | $44K | $105K | 20x | as long as short |
| edgeX TSMUSDC | +0.0026% | 4h | 445.17 | +0.048% | $48K | $214K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.20 | +0.054% | $224K | $685K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.90 | −0.013% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.77 | −0.043% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 444.96 | long leg | $188K | $82K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 444.78 | −0.040% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.02 | +0.013% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.71 | −0.056% | $269K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.17 | +0.047% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.28 | +0.071% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.99 | +0.007% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.270% | $7K | $39K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0312% | 1h | 445.15 | +0.043% | $4 | $61K | 10x | as long as short |
| Lighter TSM | +0.0672% | 1h | 445.89 | +0.209% | $503K | $161K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
edgeX TSMUSDC
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM