Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h +0.012%
Price spread now: tradeXYZ against Binance−0.118%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now −0.118%, 7d avg −0.121%
=Together, before fees+0.339%+ Points / potential airdroptradeXYZ: Active · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.121%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.332%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 441.59 | 0.0069 | pay 0.0069% / 8h | 4h 33m | $13.0M | $7.1M | 20x |
| Short | tradeXYZ xyz:TSM | 441.07 | 0.0050 | get 0.0006% / 1h | 33m 14s | $10.2M | $2.2M | 10x |
Binance TSMUSDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$3.91
- Price spread: −0.118% → −0.121%
- $0.34
- Slippage, 4 orders
- −$14.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$46.24
- Costs to cover
- 0.427%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; tradeXYZ: live order book, 5 min ago.
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, 7 min ago | 0.11 bp | 9.7 bp −$10 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.79 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0026% | 8h | 441.57 | −0.005% | $1.7M | $1.4M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.67 | +0.018% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.37 | −0.050% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.54 | −0.011% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.30 | −0.066% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.54 | −0.012% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.57 | −0.005% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.63 | +0.009% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.91 | +0.072% | $1.5M | $466K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.75 | +0.036% | $497K | $176K | 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 | 441.46 | −0.029% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.00 | −0.134% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 441.07 | −0.118% | $10.2M | $2.2M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.21 | −0.086% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.06 | −0.120% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.09 | −0.113% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0065% | 8h | 441.52 | −0.016% | $45K | $99K | 20x | as long as short |
| Binance TSMUSDTlong | +0.0069% | 8h | 441.59 | long leg | $13.0M | $7.1M | 20x | |
| Extended TSM-USD | +0.0072% | 1h | 441.45 | −0.032% | $1K | $190K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.16 | −0.097% | $268K | $314K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.54 | −0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.44 | −0.033% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.181% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0130% | 8h | 441.53 | −0.013% | $5K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.31 | −0.063% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.381% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0718% | 4h | 441.59 | −0.001% | $48K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0748% | 1h | 441.47 | −0.027% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL