Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.011%
Price spread now: Binance against tradeXYZ+0.104%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.104%, 7d avg +0.121%
=Together, before fees−0.327%+ Points / potential airdroptradeXYZ: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.332%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 440.28 | 0.0050 | pay 0.0006% / 1h | 16m 37s | $10.2M | $2.1M | 10x |
| Short | Binance TSMUSDT | 440.74 | 0.0066 | get 0.0066% / 8h | 3h 16m | $12.9M | $7.5M | 20x |
tradeXYZ xyz:TSM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- $3.46
- Price spread: +0.104% → +0.121%
- −$1.68
- Slippage, 4 orders
- −$8.34
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$34.56
- Costs to cover
- 0.363%
- Break-even
- 76.9 days
Slippage from tradeXYZ: live order book, 12 min ago; Binance: live order book, 9 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 tradeXYZ live order book, 12 min ago | 0.57 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.34 bp | 5.3 bp −$5 | 19.3 bp −$193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0208% | 8h | 440.72 | +0.100% | $1.8M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0059% | 4h | 440.93 | +0.148% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.66 | +0.086% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.52 | +0.055% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.55 | +0.061% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.47 | +0.043% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.96 | +0.154% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.65 | +0.084% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.01 | +0.166% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.089% | $1.5M | $486K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.81 | +0.120% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.72 | +0.100% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.31 | +0.007% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 440.28 | long leg | $10.2M | $2.1M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.41 | +0.030% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.11 | −0.039% | $140 | $3K | 10x | as long as short |
| BloFin TSM-USDT | +0.0050% | 8h | 440.58 | +0.068% | $45K | $100K | 20x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −0.070% | $156K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.61 | +0.075% | $4K | $194K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0066% | 8h | 440.74 | +0.104% | $12.9M | $7.5M | 20x | |
| GRVT TSM_USDT_Perp | +0.0081% | 8h | 440.78 | +0.115% | $8K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.057% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.28 | 0.000% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.47 | +0.043% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.59 | +0.070% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.38 | +0.023% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.45 | +1.174% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0500% | 1h | 440.44 | +0.036% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Ondo Perps TSM-USD.P
Extended TSM-USD
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL