Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Extended against tradeXYZ+0.102%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.102%, 7d avg +0.070%
=Together, before fees−0.085%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.032% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.31 | 0.0050 | pay 0.0006% / 1h | 51m 29s | $10.2M | $1.8M | 10x |
| Short | Extended TSM-USD | 439.76 | 0.0064 | get 0.0008% / 1h | 51m 29s | $5K | $179K | 10x |
tradeXYZ xyz:TSM
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $2.94
- Price spread: +0.102% → +0.070%
- $3.17
- Slippage, 4 orders
- −$20.06
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$36.96
- Costs to cover
- 0.431%
- Break-even
- 95.0 days
Slippage from tradeXYZ: live order book, 6 min ago; Extended: live order book, 55 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, 6 min ago | 0.46 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 55 min ago | 1.59 bp | 9.8 bp −$10 | 108.6 bp −$1,086 | 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 | −0.0185% | 8h | 440.35 | +0.237% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.96 | +0.148% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.65 | +0.077% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.77 | +0.105% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.69 | +0.086% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.161% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.91 | +0.137% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.96 | +0.148% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.310% | $1.5M | $515K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.01 | +0.159% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.76 | +0.102% | $224K | $684K | 10x | as long as short |
| BloFin TSM-USDT | +0.0043% | 8h | 439.95 | +0.146% | $45K | $105K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.28 | −0.007% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | +0.005% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.31 | long leg | $10.2M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.61 | +0.068% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.42 | +0.025% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.36 | +0.011% | $157K | $27K | 10x | as long as short |
| Extended TSM-USDshort | +0.0064% | 1h | 439.76 | +0.102% | $5K | $179K | 10x | |
| Binance TSMUSDT | +0.0066% | 8h | 439.85 | +0.123% | $12.8M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 439.96 | +0.148% | $4K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.56 | +0.057% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.82 | +0.116% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.87 | +0.127% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.71 | +0.091% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.366% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0455% | 1h | 439.79 | +0.109% | $97 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0890% | 4h | 439.89 | +0.132% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC