Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.005%
Price spread now: GRVT against tradeXYZ+0.075%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now +0.075%, 7d avg +0.122%
=Together, before fees+0.079%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.047% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.075% now, against its 7-day average of +0.122%). If the spread goes back, that is −$5 on $10k: about 3.9 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 | tradeXYZ xyz:TSM | 439.22 | 0.0050 | pay 0.0006% / 1h | 25m 26s | $10.2M | $1.7M | 10x |
| Short | GRVT TSM_USDT_Perp | 439.55 | 0.0090 | get 0.0090% / 8h | 1h 25m | $14K | $1.3M | 10x |
tradeXYZ xyz:TSM
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $8.4
- Price spread: +0.075% → +0.122%
- −$4.74
- Slippage, 4 orders
- −$19.66
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$43
- Costs to cover
- 0.467%
- Break-even
- 42.8 days
Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 2 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, 3 min ago | 0.68 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 2.28 bp | 13.6 bp −$14 | doesn't fit | 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 | −0.0230% | 8h | 439.67 | +0.102% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.45 | +0.052% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.27 | +0.011% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.59 | +0.084% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.39 | +0.039% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.63 | +0.093% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.61 | +0.089% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | +0.080% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.68 | +0.332% | $1.5M | $517K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.56 | +0.077% | $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 | 439.44 | +0.050% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.23 | +0.002% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | +0.025% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.22 | long leg | $10.2M | $1.7M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.33 | +0.025% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.18 | −0.009% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.99 | −0.052% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.63 | +0.093% | $3K | $155K | 10x | as long as short |
| Binance TSMUSDT | +0.0081% | 8h | 439.71 | +0.112% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0090% | 8h | 439.55 | +0.075% | $14K | $1.3M | 10x | |
| BloFin TSM-USDT | +0.0095% | 8h | 439.63 | +0.093% | $45K | $106K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.12 | −0.023% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.52 | +0.068% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.39 | +0.040% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.35 | +0.030% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.150% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0775% | 1h | 439.49 | +0.061% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0994% | 4h | 439.53 | +0.071% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC