Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: OKX against tradeXYZ+0.094%7-day average +0.073% · 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−$37as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days−0.091%−$9 · spread now +0.094%, 7d avg +0.073%
=Together, before fees−0.171%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.021% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.073%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 445.84 | 0.0050 | pay 0.0006% / 1h | 57m 13s | $10.3M | $2.4M | 10x |
| Short | OKX TSM-USDT-SWAP | 446.26 | 0 | get 0.0000% / 8h | 6h 57m | $4.0M | $2.9M | 20x |
tradeXYZ xyz:TSM
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.094% → +0.073%
- $2.13
- Slippage, 4 orders
- −$11.37
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$47.74
- Costs to cover
- 0.394%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; OKX: live order book, 5 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, 11 min ago | 0.78 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.89 bp | 8.7 bp −$9 | 19.2 bp −$192 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0864% | 4h | 447.03 | +0.267% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 446.19 | +0.079% | $44K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.41 | +0.127% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.10 | +0.059% | $5K | $201K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.19 | +0.079% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.92 | +0.018% | $2.0M | $403K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 446.26 | +0.094% | $4.0M | $2.9M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 446.01 | +0.038% | $1.7M | $897K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.30 | +0.103% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.277% | $554K | $82K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 446.28 | +0.099% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.88 | +0.233% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.34 | +0.112% | $1.5M | $454K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 446.43 | +0.132% | $358K | $98K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0031% | 8h | 446.82 | +0.219% | $5K | $1.1M | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.19 | +0.079% | $223K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.00 | +0.036% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 445.84 | long leg | $10.3M | $2.4M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.93 | +0.020% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.98 | +0.031% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.37 | +0.119% | $158K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.10 | +0.058% | $270K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.17 | +0.074% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.26 | +0.094% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.21 | +0.083% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.67 | +1.308% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0535% | 1h | 446.21 | +0.083% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0648% | 1h | 446.85 | +0.227% | $504K | $168K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM