Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Bybit−0.048%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days+0.368%+$37 · spread now −0.048%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 437.98 | 0 | get 0.0000% / 8h | 7h 36m | $2.0M | $409K | 50x |
| Short | Polymarket Perps TSM-USD | 437.77 | 0.0050 | get 0.0006% / 1h | 36m 50s | $189K | $68K | 10x |
Bybit TSMUSDT
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bybit. 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
- $10.5
- Price spread: −0.048% → −0.040%
- −$0.83
- Slippage, 4 orders
- −$23.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$32.77
- Costs to cover
- 0.424%
- Break-even
- 28.8 days
Slippage from Bybit: live order book, 5 min ago; Polymarket Perps: live order book, 60 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 Bybit live order book, 5 min ago | 2.28 bp | 14.8 bp −$15 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 60 min ago | 2.50 bp | 6.7 bp −$7 | 7.7 bp −$77 | 10.2 bp −$1,016 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 438.41 | +0.097% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 438.12 | +0.033% | $3K | $219K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 438.20 | +0.050% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 437.98 | long leg | $2.0M | $409K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.14 | +0.037% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.06 | +0.018% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.20 | +0.050% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.19 | +0.047% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.27 | +0.066% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.25 | +0.062% | $1K | $4.0M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 438.27 | +0.066% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.39 | +0.094% | $1.5M | $533K | 10x | as long as short |
| BloFin TSM-USDT | +0.0005% | 8h | 438.38 | +0.091% | $45K | $108K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.24 | +0.059% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.17 | +0.043% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.71 | −0.062% | $371K | $100K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.86 | −0.027% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.77 | −0.048% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 437.77 | −0.048% | $189K | $68K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 437.80 | −0.041% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.67 | −0.071% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.86 | −0.027% | $266K | $332K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.17 | +0.043% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.11 | +0.029% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.07 | +0.021% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.363% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0367% | 1h | 438.14 | +0.037% | $4 | $13K | 10x | as long as short |
| edgeX TSMUSDC | +0.0493% | 4h | 438.22 | +0.056% | $47K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC