Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h +0.010%
Price spread now: Bitget against Coinbase International+0.048%7-day average +0.225% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.184%+$18 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.048%, 7d avg +0.225%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.177% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.225%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.184%, 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 | Coinbase International TSM-PERP-INTX | 440.79 | 0.0088 | pay 0.0011% / 1h | 45m 02s | $368K | $102K | 10x |
| Short | Bitget TSMUSDT | 441.00 | −0.0126 | pay 0.0126% / 8h | 3h 45m | $1.8M | $1.5M | 20x |
Coinbase International TSM-PERP-INTX
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Coinbase International. 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
- −$44.94
- Price spread: +0.048% → +0.225%
- −$17.72
- Slippage, 4 orders
- −$17.03
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$101.69
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 8 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 8 min ago | 3.06 bp | 8.5 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.83 bp | 9.7 bp −$10 | 14.0 bp −$140 | 46.8 bp −$4,676 | 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 TSMUSDTshort | −0.0126% | 8h | 441.00 | +0.048% | $1.8M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 441.42 | +0.143% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.81 | +0.005% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.01 | +0.050% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.80 | +0.002% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.11 | +0.072% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.96 | +0.039% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.09 | +0.068% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.04 | +0.057% | $1.5M | $477K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.05 | +0.059% | $497K | $176K | 10x | as long as short |
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 | 440.83 | +0.009% | $231K | $654K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.45 | −0.077% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.52 | −0.061% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.69 | −0.023% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.59 | −0.045% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | −0.052% | $158K | $22K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.85 | +0.013% | $2K | $200K | 10x | as long as short |
| Binance TSMUSDT | +0.0064% | 8h | 440.97 | +0.041% | $12.9M | $7.4M | 20x | as long as short |
| BloFin TSM-USDT | +0.0066% | 8h | 440.94 | +0.034% | $45K | $99K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0085% | 8h | 440.88 | +0.020% | $13K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0088% | 1h | 440.79 | long leg | $368K | $102K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.72 | −0.016% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.93 | +0.032% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.95 | +0.035% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.78 | −0.002% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.162% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0476% | 1h | 440.89 | +0.023% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0656% | 4h | 441.11 | +0.073% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC