Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.007%
Price spread now: Binance against Vest+0.133%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.133% dearer against Vest than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest TSM-USD-PERP | 439.50 | 0.0046 | pay 0.0006% / 1h | 55m 06s | — | $1K | 25x |
| Short | Binance TSMUSDT | 440.08 | 0.0063 | get 0.0063% / 8h | 1h 55m | $12.9M | $7.8M | 20x |
Vest TSM-USD-PERP
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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
- $3.6
- Price spread: +0.133% → 0.000%
- $13.3
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $4.89
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Binance: live order book, 15 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 0.34 bp | 9.2 bp −$9 | 19.6 bp −$196 | 88.1 bp −$8,806 | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0176% | 8h | 440.43 | +0.212% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.97 | +0.108% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.82 | +0.073% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.97 | +0.107% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.88 | +0.086% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.118% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.09 | +0.134% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.30 | +0.182% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.266% | $1.5M | $515K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.05 | +0.125% | $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 | 439.94 | +0.100% | $225K | $684K | 10x | as long as short |
| Vest TSM-USD-PERPlong | +0.0046% | 1h | 439.50 | long leg | — | $1K | 25x | |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.039% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.50 | 0.000% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.52 | +0.005% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | +0.100% | $157K | $27K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0062% | 8h | 440.25 | +0.171% | $16K | $1.3M | 10x | as long as short |
| Binance TSMUSDTshort | +0.0063% | 8h | 440.08 | +0.133% | $12.9M | $7.8M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 439.96 | +0.104% | $5K | $183K | 10x | as long as short |
| BloFin TSM-USDT | +0.0081% | 8h | 440.14 | +0.146% | $45K | $105K | 20x | as long as short |
| Polymarket Perps TSM-USD | +0.0089% | 1h | 439.81 | +0.071% | $192K | $63K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.67 | +0.039% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.97 | +0.107% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.04 | +0.123% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.19 | +0.157% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.322% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0294% | 4h | 440.51 | +0.229% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0819% | 1h | 439.94 | +0.100% | $97 | $25K | 10x | as long as short |
Lighter RH TSM
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Extended TSM-USD
BloFin TSM-USDT
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL