Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.013%
Price spread now: tradeXYZ against Aevo−0.085%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.085% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo TSM-PERP | 444.06 | 0.0104 | pay 0.0013% / 1h | 22m 58s | $124 | — | 10x |
| Short | tradeXYZ xyz:TSM | 443.68 | 0.0050 | get 0.0006% / 1h | 22m 58s | $10.2M | $2.3M | 10x |
Aevo TSM-PERP
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Aevo. 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
- −$11.34
- Price spread: −0.085% → 0.000%
- −$8.46
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$53.8
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 4 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 Aevo no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 4 min ago | 1.01 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
Aevo: 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 | −0.0056% | 4h | 443.94 | −0.027% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.30 | +0.056% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.035% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.15 | +0.021% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.99 | −0.015% | $1.7M | $958K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.08 | +0.005% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.96 | −0.021% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.10 | +0.010% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.92 | −0.031% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.24 | +0.042% | $1.5M | $445K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit TSM_USDC-PERPETUAL | +0.0020% | 1h | 444.02 | −0.008% | $4 | $24K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 444.36 | +0.069% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.04 | −0.004% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 444.00 | −0.013% | $1K | $191K | 10x | as long as short |
| Binance TSMUSDT | +0.0034% | 8h | 444.12 | +0.014% | $13.0M | $6.8M | 20x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 444.16 | +0.024% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.75 | −0.069% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 443.68 | −0.085% | $10.2M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.80 | −0.058% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.79 | −0.060% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.38 | −0.152% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.77 | −0.064% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.04 | −0.004% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 444.06 | long leg | $124 | — | 10x | |
| GRVT TSM_USDT_Perp | +0.0111% | 8h | 443.98 | −0.017% | $9K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.175% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.71 | −0.078% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +0.999% | $7K | $38K | 12x | as long as short |
Deribit TSM_USDC-PERPETUAL
Lighter TSM
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP