TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against SoDEX−0.089%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Coinbase International is 0.089% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TSM-USD	440.42	0.0050	pay 0.0006% / 1h	21m 55s	$140	$3K	10x
Short	Coinbase International TSM-PERP-INTX	440.03	0.0088	get 0.0011% / 1h	21m 55s	$367K	$102K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.089%Rate

Funding earned: $7.98
Price spread: −0.089% → 0.000%: −$8.86
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.88
Costs to cover: 0.180%
Break-even: 23.6 days

Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 31 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 Coinbase International live order book, 31 min ago	3.06 bp	9.3 bp −$9	13.3 bp −$133	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 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	−0.0782%	4h	441.17	+0.170%	$47K	$216K	10x	as long as short
Bitget TSMUSDT	−0.0203%	8h	441.01	+0.134%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.92	+0.113%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.76	+0.077%	$2.0M	$388K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.88	+0.104%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.65	+0.052%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.93	+0.115%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.92	+0.114%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.48	+0.014%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.99	+0.129%	$1.5M	$486K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	440.87	+0.102%	$496K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.77	+0.079%	$223K	$671K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.44	+0.005%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.51	+0.020%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.56	+0.032%	$192K	$60K	10x	as long as short
SoDEX TSM-USDlong	+0.0050%	1h	440.42	long leg	$140	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	440.01	−0.093%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	440.86	+0.100%	$2K	$195K	10x	as long as short
Binance TSMUSDT	+0.0067%	8h	441.00	+0.132%	$12.9M	$7.5M	20x	as long as short
Coinbase International TSM-PERP-INTXshort	+0.0088%	1h	440.03	−0.089%	$367K	$102K	10x
BloFin TSM-USDT	+0.0091%	8h	440.78	+0.082%	$45K	$100K	20x	as long as short
GRVT TSM_USDT_Perp	+0.0092%	8h	440.87	+0.102%	$8K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.48	+0.014%	$268K	$311K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.66	+0.054%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.67	+0.058%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.73	+0.070%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.74	+1.208%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0681%	1h	440.75	+0.075%	$4	$24K	10x	as long as short