Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against SoDEX+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.025% dearer against SoDEX than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 439.89 | 0.0050 | pay 0.0006% / 1h | 16m 47s | $133 | $3K | 10x |
| Short | Bybit TSMUSDT | 440.00 | 0 | get 0.0000% / 8h | 6h 16m | $2.0M | $397K | 50x |
SoDEX TSM-USD
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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: +0.025% → 0.000%
- $2.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.48 bp | 15.2 bp −$15 | 42.3 bp −$423 | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.107% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.16 | +0.061% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 440.00 | +0.025% | $2.0M | $397K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.32 | +0.098% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.06 | +0.039% | $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 | 440.23 | +0.077% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.73 | −0.036% | $1.5M | $545K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.22 | +0.075% | $496K | $143K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.76 | −0.030% | — | $2K | 25x | as long as short |
| Lighter RH TSM | +0.0048% | 1h | 440.20 | +0.070% | $195K | $726K | 10x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 440.15 | +0.058% | $5K | $215K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.94 | +0.011% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.89 | 0.000% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 439.89 | long leg | $133 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | +0.027% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0051% | 8h | 440.30 | +0.093% | $13.0M | $8.3M | 20x | as long as short |
| BloFin TSM-USDT | +0.0062% | 8h | 440.25 | +0.082% | $45K | $113K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.80 | −0.020% | $267K | $415K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.21 | +0.073% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.20 | +0.070% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.18 | +0.066% | $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 | +0.0236% | 8h | 440.21 | +0.073% | $9K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0682% | 1h | 440.13 | +0.055% | $4 | $11K | 10x | as long as short |
| edgeX TSMUSDC | +0.0767% | 4h | 440.20 | +0.071% | $47K | $217K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
Lighter RH TSM
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
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
edgeX TSMUSDC