Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: HTX against tradeXYZ+0.104%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. HTX is 0.104% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 441.67 | 0.0050 | pay 0.0006% / 1h | 7m 55s | $10.2M | $2.2M | 10x |
| Short | HTX TSM-USDT | 442.13 | 0 | get 0.0000% / 8h | 4h 07m | $9K | $8K | 20x |
tradeXYZ xyz:TSM
HTX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$10.5
- Price spread: +0.104% → 0.000%
- $10.42
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$30.08
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 10 min ago; HTX: no order-book sample. 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 tradeXYZ live order book, 10 min ago | 0.11 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 | −0.0631% | 4h | 441.78 | +0.025% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0080% | 8h | 441.96 | +0.066% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.22 | +0.123% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.67 | 0.000% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.06 | +0.088% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.83 | +0.036% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | +0.026% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.09 | +0.095% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDTshort | 0.0000% | 8h | 442.13 | +0.104% | $9K | $8K | 20x | |
| Phemex TSMUSDT | 0.0000% | 8h | 442.11 | +0.100% | $1.5M | $473K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX 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 | 442.01 | +0.077% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.87 | +0.045% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.61 | −0.014% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 441.67 | long leg | $10.2M | $2.2M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.74 | +0.016% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.67 | 0.000% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.78 | +0.025% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0072% | 8h | 442.23 | +0.127% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.98 | +0.069% | $6K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0073% | 8h | 442.09 | +0.095% | $13.0M | $7.3M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.62 | −0.011% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.99 | +0.072% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.03 | +0.082% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0107% | 8h | 441.95 | +0.064% | $10K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.199% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.79 | +0.027% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.363% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0814% | 1h | 442.03 | +0.082% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL