Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.2% APRpaid last 24h +0.060%
Price spread now: Injective against Binance+0.882%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.882% dearer against Binance than usual: you sell high and buy low: +$88 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Binance TSMUSDT | 440.14 | 0.0053 | pay 0.0053% / 8h | 4m 24s | $12.9M | $7.9M | 20x |
| Short | Injective TSM/USDC PERP | 444.02 | 0.0220 | get 0.0028% / 1h | 4m 24s | $6K | $38K | 12x |
Binance TSMUSDT
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $34.98
- Price spread: +0.882% → 0.000%
- $88.24
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $113.2
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 6 min ago; Injective: no order-book sample. 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 Binance live order book, 6 min ago | 0.91 bp | 8.9 bp −$9 | 20.4 bp −$204 | 96.1 bp −$9,614 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0020% | 8h | 440.06 | −0.017% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.03 | −0.024% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.86 | −0.063% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.13 | −0.001% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.96 | −0.040% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.06 | −0.018% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.17 | +0.008% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.08 | −0.013% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.61 | +0.108% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.94 | −0.045% | $495K | $190K | 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 | 439.88 | −0.058% | $222K | $725K | 10x | as long as short |
| BloFin TSM-USDT | +0.0045% | 8h | 440.09 | −0.011% | $45K | $107K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.75 | −0.088% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.66 | −0.108% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.76 | −0.085% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.75 | −0.088% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.96 | −0.040% | $157K | $28K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0053% | 8h | 440.14 | long leg | $12.9M | $7.9M | 20x | |
| Extended TSM-USD | +0.0056% | 1h | 440.00 | −0.030% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.183% | $366K | $97K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0071% | 8h | 440.17 | +0.008% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.81 | −0.074% | $267K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.05 | −0.020% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.15 | +0.004% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 440.07 | −0.015% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 444.02 | +0.882% | $6K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0318% | 1h | 440.09 | −0.011% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0338% | 4h | 440.07 | −0.015% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC