Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.011%
Price spread now: Coinbase International against Vest+0.027%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 Coinbase International is 0.027% dearer against Vest than usual: you sell high and buy low: +$3 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 | 439.21 | 0.0046 | pay 0.0006% / 1h | 27m 33s | — | $1K | 25x |
| Short | Coinbase International TSM-PERP-INTX | 439.33 | 0.0072 | get 0.0009% / 1h | 27m 33s | $366K | $102K | 10x |
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $5.53
- Price spread: +0.027% → 0.000%
- $2.73
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$3.74
- Costs to cover
- 0.120%
- Break-even
- 11.7 days
Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 20 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 Coinbase International live order book, 20 min ago | 3.97 bp | 9.2 bp −$9 | 12.8 bp −$128 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0300% | 4h | 439.84 | +0.143% | $47K | $215K | 10x | as long as short |
| Bitget TSMUSDT | −0.0229% | 8h | 439.43 | +0.050% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.61 | +0.091% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.26 | +0.011% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.27 | +0.014% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.38 | +0.039% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.59 | +0.086% | $547K | $42K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.55 | +0.077% | $2K | $4.2M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 439.43 | +0.050% | $4 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.69 | +0.109% | $9K | $8K | 20x | 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
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 440.60 | +0.316% | $1.5M | $505K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.70 | +0.112% | $495K | $138K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.47 | +0.059% | $219K | $681K | 10x | as long as short |
| Vest TSM-USD-PERPlong | +0.0046% | 1h | 439.21 | long leg | — | $1K | 25x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.14 | −0.016% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.22 | +0.002% | $191K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.35 | +0.032% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.98 | −0.052% | $159K | $26K | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 439.42 | +0.048% | $12.8M | $7.7M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0058% | 8h | 439.81 | +0.137% | $8K | $1.3M | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.32 | +0.025% | $6K | $181K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0072% | 1h | 439.33 | +0.027% | $366K | $102K | 10x | |
| BloFin TSM-USDT | +0.0085% | 8h | 439.83 | +0.141% | $45K | $103K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.33 | +0.027% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.39 | +0.041% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.34 | +0.030% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 439.73 | +0.118% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +1.239% | $6K | $38K | 12x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
GRVT TSM_USDT_Perp
Extended TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP