Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.001%
Price spread now: OKX against Coinbase International+0.172%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.172%, 7d avg +0.173%
=The price spread sits at its 7-day average of +0.173%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 446.95 | −0.0024 | get 0.0003% / 1h | 21m 28s | $358K | $101K | 10x |
| Short | OKX TSM-USDT-SWAP | 447.72 | 0 | get 0.0000% / 8h | 7h 21m | $4.0M | $3.0M | 20x |
Coinbase International TSM-PERP-INTX
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $5.04
- Price spread: +0.172% → +0.173%
- −$0.04
- Slippage, 4 orders
- −$15.29
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$30.29
- Costs to cover
- 0.353%
- Break-even
- 49.1 days
Slippage from Coinbase International: live order book, 52 min ago; OKX: live order book, 1 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, 52 min ago | 1.57 bp | 7.8 bp −$8 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.89 bp | 10.1 bp −$10 | 19.7 bp −$197 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTXlong | −0.0024% | 1h | 446.95 | long leg | $358K | $101K | 10x | |
| BloFin TSM-USDT | −0.0011% | 8h | 447.66 | +0.159% | $44K | $101K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.57 | +0.138% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.63 | +0.151% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.73 | +0.175% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.55 | +0.134% | $2.0M | $412K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 447.72 | +0.172% | $4.0M | $3.0M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 447.57 | +0.139% | $1.7M | $925K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.92 | +0.217% | $555K | $84K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.77 | +0.183% | $1K | $4.9M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Variational Omni TSM
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 | 447.80 | +0.190% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.76 | +0.181% | $1.5M | $455K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.70 | +0.168% | $224K | $648K | 10x | as long as short |
| Bitget TSMUSDT | +0.0032% | 8h | 447.64 | +0.154% | $1.6M | $1.4M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.67 | +0.161% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.33 | +0.085% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.59 | +0.143% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.44 | +0.110% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.16 | +0.047% | $157K | $21K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 448.04 | +0.244% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.38 | +0.096% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.72 | +0.172% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.72 | +0.172% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.52 | +0.128% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.273% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0288% | 1h | 448.33 | +0.309% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0353% | 1h | 447.67 | +0.161% | $98 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0724% | 4h | 447.66 | +0.159% | $48K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Bitget TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC