Funding you earn now, next payment 10:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h +0.052%
Price spread now: Phoenix against Aster+0.005%115s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 115 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 | Aster TSMUSDT | 442.37 | 0 | get 0.0000% / 8h | 5h 47m | $82K | $2K | 20x |
| Short | Phoenix TSM | 442.39 | 0.0253 | get 0.0032% / 1h | 47m 31s | $210K | $10K | 10x |
Aster TSMUSDT
Phoenix TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $53.21
- Price spread: +0.005% → 0.000%
- $0.55
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $38.76
- Costs to cover
- 0.150%
- Break-even
- 1.9 days
Slippage unknown: Aster: no order-book sample; Phoenix: live order book, 59 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 Aster no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 59 min ago | 2.50 bp | 9.5 bp −$9 | 18.9 bp −$189 | doesn't fit | doesn't fit |
Aster: 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 exchanges
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 | −0.0194% | 4h | 442.59 | +0.052% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 442.19 | −0.040% | $373K | $110K | 10x | as long as short |
| Aster TSMUSDTlong | 0.0000% | 8h | 442.37 | long leg | $82K | $2K | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 442.37 | +0.001% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.50 | +0.030% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.36 | −0.001% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.57 | +0.046% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.59 | +0.051% | $2K | $3.8M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 442.53 | +0.037% | $4 | $10K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.75 | +0.087% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 442.10 | −0.060% | $1.5M | $562K | 10x | as long as short |
| Variational Omni TSM | +0.0029% | 8h | 442.71 | +0.078% | $554K | $44K | — | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.77 | +0.091% | $499K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.55 | +0.042% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.358% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.47 | +0.024% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.36 | −0.001% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.33 | −0.008% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.33 | −0.008% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.11 | −0.058% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.20 | −0.037% | $269K | $446K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.48 | +0.026% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.58 | +0.048% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0119% | 8h | 442.53 | +0.037% | $13.0M | $8.6M | 20x | as long as short |
| Extended TSM-USD | +0.0120% | 1h | 442.38 | +0.004% | $1K | $217K | 10x | as long as short |
| BloFin TSM-USDT | +0.0135% | 8h | 442.73 | +0.082% | $46K | $116K | 20x | as long as short |
| Phoenix TSMshort | +0.0253% | 1h | 442.39 | +0.005% | $210K | $10K | 10x | |
| GRVT TSM_USDT_Perp | +0.0347% | 8h | 442.47 | +0.024% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Variational Omni TSM
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp