Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.002%
Price spread now: Binance against Extended+0.020%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.020%, 7d avg +0.031%
=Together, before fees−0.168%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 440.02 | 0.0064 | pay 0.0008% / 1h | 10m 56s | $3K | $219K | 10x |
| Short | Binance TSMUSDT | 440.11 | 0.0063 | get 0.0063% / 8h | 10m 56s | $12.9M | $7.9M | 20x |
Extended TSM-USD
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.23
- Price spread: +0.020% → +0.031%
- −$1.1
- Slippage, 4 orders
- −$25.87
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$42.2
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from Extended: live order book, 25 min ago; Binance: live order book, 14 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 Extended live order book, 25 min ago | 1.37 bp | 9.3 bp −$9 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.02 bp | 11.8 bp −$12 | 28.1 bp −$281 | 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 | −0.0047% | 8h | 439.90 | −0.028% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.15 | +0.029% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.97 | −0.012% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.04 | +0.004% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.95 | −0.017% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | +0.010% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.12 | +0.022% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.14 | +0.026% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.76 | +0.167% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.99 | −0.008% | $495K | $190K | 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 | 439.90 | −0.028% | $222K | $725K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.85 | −0.040% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0049% | 8h | 440.36 | +0.076% | $45K | $107K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.76 | −0.060% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | −0.042% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.70 | −0.074% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.93 | −0.021% | $157K | $28K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.158% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0063% | 8h | 440.11 | +0.020% | $12.9M | $7.9M | 20x | |
| Extended TSM-USDlong | +0.0064% | 1h | 440.02 | long leg | $3K | $219K | 10x | |
| GRVT TSM_USDT_Perp | +0.0078% | 8h | 440.24 | +0.049% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.76 | −0.060% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.09 | +0.015% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.08 | +0.012% | $123 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0114% | 1h | 440.03 | +0.001% | $4 | $25K | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.85 | −0.040% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.908% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0873% | 4h | 440.19 | +0.037% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC