Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%
Price spread now: tradeXYZ against Extended−0.118%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.118%, 7d avg −0.071%
=Together, before fees+0.128%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.047% cheaper against Extended than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.071%). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.042% in total) that is about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 438.03 | 0 | get 0.0000% / 1h | 34m 10s | $3K | $216K | 10x |
| Short | tradeXYZ xyz:TSM | 437.51 | 0.0050 | get 0.0006% / 1h | 34m 10s | $10.0M | $1.9M | 10x |
Extended TSM-USD
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.118% → −0.071%
- −$4.67
- Slippage, 4 orders
- −$20.67
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.84
- Costs to cover
- 0.437%
- Break-even
- 32.2 days
Slippage from Extended: live order book, 62 min ago; tradeXYZ: live order book, 3 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, 62 min ago | 1.37 bp | 9.3 bp −$9 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.34 bp | 12.8 bp −$13 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0021% | 8h | 438.09 | +0.015% | $45K | $108K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.41 | +0.087% | $81K | $2K | 20x | as long as short |
| Extended TSM-USDlong | 0.0000% | 1h | 438.03 | long leg | $3K | $216K | 10x | |
| Binance TSMUSDT | 0.0000% | 8h | 438.10 | +0.018% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.97 | −0.013% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.21 | +0.042% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.78 | −0.056% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.99 | −0.008% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.15 | +0.029% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.27 | +0.056% | $13K | $1.3M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Binance TSMUSDT
Bybit 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 | 437.92 | −0.024% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 438.21 | +0.042% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 437.85 | −0.040% | $1.5M | $534K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.74 | −0.065% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 437.99 | −0.008% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.70 | −0.074% | $371K | $101K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.73 | −0.068% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 437.51 | −0.118% | $10.0M | $1.9M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.54 | −0.111% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.70 | −0.074% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.67 | −0.081% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.81 | −0.049% | $266K | $333K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.08 | +0.012% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.97 | −0.012% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.98 | −0.011% | $208K | $10K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0161% | 1h | 437.97 | −0.013% | $4 | $13K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.352% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0493% | 4h | 438.22 | +0.045% | $47K | $216K | 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
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
Injective TSM/USDC PERP
edgeX TSMUSDC