Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: SunX against tradeXYZ+0.230%52s7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2732.727% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.230%, 7d avg +0.090%
=Together, before fees−0.245%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.140% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.090%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.3 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 443.78 | 0.0050 | pay 0.0006% / 1h | 35m 23s | $10.2M | $2.3M | 10x |
| Short | SunX TSM-USDT | 444.80 | 0 | get 0.0000% / 8h | 6h 35m | $1K | $4.7M | 10x |
tradeXYZ xyz:TSM
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.230% → +0.090%
- $13.99
- Slippage, 4 orders
- −$246.74
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$269.25
- Costs to cover
- 2.727%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; SunX: live order book, 3 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, 2 min ago | 0.90 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 44.74 bp | 126.8 bp −$127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.76 | +0.221% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.96 | +0.041% | $2.0M | $402K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.10 | +0.072% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.18 | +0.090% | $1.7M | $916K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.80 | +0.230% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.77 | +0.223% | $551K | $82K | — | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 444.80 | +0.230% | $1K | $4.7M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 444.60 | +0.185% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.84 | +0.239% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0007% | 8h | 444.32 | +0.122% | $13.0M | $6.9M | 20x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0008% | 1h | 444.79 | +0.227% | $5K | $196K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.22 | +0.099% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.430% | $45K | $99K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.83 | +0.237% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.09 | +0.070% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 443.78 | long leg | $10.2M | $2.3M | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 444.22 | +0.099% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | +0.144% | $160K | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0054% | 1h | 444.41 | +0.142% | $200K | $45K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0066% | 8h | 444.89 | +0.250% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.42 | +0.144% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.28 | +0.113% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.21 | +0.098% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.44 | +0.149% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.553% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0424% | 1h | 445.26 | +0.333% | $502K | $170K | 10x | as long as short |
| edgeX TSMUSDC | +0.0704% | 4h | 444.76 | +0.220% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1079% | 1h | 444.67 | +0.201% | $4 | $23K | 10x | as long as short |
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL