Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: SoDEX against Bybit−0.180%46s7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. SoDEX is 0.180% cheaper against Bybit than usual: you would sell low and buy high (spread −0.180% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 46 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 | Bybit TSMUSDT | 438.61 | 0 | get 0.0000% / 8h | 7h 20m | $2.0M | $400K | 50x |
| Short | SoDEX TSM-USD | 437.82 | 0.0050 | get 0.0006% / 1h | 20m 27s | $139 | $3K | 10x |
Bybit TSMUSDT
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.180% → 0.000%
- −$18.01
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$26.51
- Costs to cover
- 0.190%
- Break-even
- 24.7 days
Slippage unknown: Bybit: live order book, 1 min ago; SoDEX: 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 Bybit live order book, 1 min ago | 1.94 bp | 17.6 bp −$18 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0015% | 8h | 438.35 | −0.059% | $45K | $109K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.89 | +0.064% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 438.71 | +0.022% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 438.84 | +0.052% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 438.61 | long leg | $2.0M | $400K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.76 | +0.034% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.38 | −0.052% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.90 | +0.066% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.35 | −0.059% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.96 | −0.148% | $13K | $1.3M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 438.41 | −0.046% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 437.70 | −0.207% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.51 | −0.023% | $1.5M | $537K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.38 | −0.052% | $494K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.86 | +0.057% | $202K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.71 | −0.205% | $370K | $94K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.31 | −0.068% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.49 | −0.027% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.56 | −0.011% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 437.82 | −0.180% | $139 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.79 | −0.187% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.03 | −0.132% | $266K | $350K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.23 | −0.087% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.20 | −0.093% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.81 | −0.182% | $208K | $10K | 10x | as long as short |
| edgeX TSMUSDC | +0.0168% | 4h | 438.01 | −0.137% | $47K | $216K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.217% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0915% | 1h | 438.24 | −0.084% | $4 | $13K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
edgeX TSMUSDC
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL