Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: tradeXYZ against SoDEX+0.020%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.020% dearer against SoDEX than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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 | SoDEX TSM-USD | 447.17 | 0.0050 | pay 0.0006% / 1h | 45m 31s | $143 | $3K | 10x |
| Short | tradeXYZ xyz:TSM | 447.26 | 0.0050 | get 0.0006% / 1h | 45m 31s | $10.3M | $2.4M | 10x |
SoDEX TSM-USD
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $0
- Price spread: +0.020% → 0.000%
- $2.01
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$23.99
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago | 1.01 bp | 11.5 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.049% | $358K | $103K | 10x | as long as short |
| BloFin TSM-USDT | −0.0009% | 8h | 447.75 | +0.130% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.45 | +0.063% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.41 | +0.055% | $4K | $169K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.52 | +0.079% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.19 | +0.004% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.51 | +0.076% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.29 | +0.027% | $1.7M | $900K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.57 | +0.088% | $555K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.46 | +0.065% | $9K | $1.1M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.56 | +0.087% | $2K | $5.0M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 447.58 | +0.092% | $4 | $32K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.55 | +0.085% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.57 | +0.089% | $1.5M | $452K | 10x | as long as short |
| Bitget TSMUSDT | +0.0009% | 8h | 447.45 | +0.063% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.54 | +0.083% | $230K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.49 | +0.072% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 447.26 | +0.020% | $10.3M | $2.4M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.30 | +0.029% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 447.17 | long leg | $143 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.13 | −0.009% | $158K | $20K | 10x | as long as short |
| Lighter TSM | +0.0088% | 1h | 447.96 | +0.177% | $506K | $166K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.10 | −0.016% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.48 | +0.069% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.57 | +0.090% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | +0.056% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.76 | +1.026% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0972% | 4h | 447.65 | +0.107% | $48K | $216K | 10x | as long as short |
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Bitget TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Lighter TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC