Funding you earn now, next payment 10:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h 0.000%
Price spread now: Coinbase International against HTX−0.126%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.126% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TSM-USDT | 442.75 | 0 | get 0.0000% / 8h | 5h 46m | $9K | $8K | 20x |
| Short | Coinbase International TSM-PERP-INTX | 442.19 | −0.0056 | pay 0.0007% / 1h | 46m 33s | $373K | $110K | 10x |
HTX TSM-USDT
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- −$11.76
- Price spread: −0.126% → 0.000%
- −$12.65
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$46.41
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 64 min ago. 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 HTX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 64 min ago | 2.51 bp | 7.5 bp −$8 | 10.7 bp −$107 | doesn't fit | doesn't fit |
HTX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0194% | 4h | 442.59 | −0.035% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.0112% | 1h | 442.44 | −0.070% | $4 | $10K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | −0.0056% | 1h | 442.19 | −0.126% | $373K | $110K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 442.28 | −0.107% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.34 | −0.093% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.49 | −0.059% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.34 | −0.093% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.46 | −0.065% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.50 | −0.056% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDTlong | 0.0000% | 8h | 442.75 | long leg | $9K | $8K | 20x |
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 442.68 | −0.016% | $1.5M | $562K | 10x | as long as short |
| Variational Omni TSM | +0.0029% | 8h | 442.71 | −0.009% | $554K | $44K | — | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.67 | −0.018% | $498K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.56 | −0.043% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.271% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.18 | −0.129% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.21 | −0.122% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.08 | −0.151% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.28 | −0.106% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.11 | −0.145% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.12 | −0.142% | $270K | $448K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.46 | −0.065% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.65 | −0.022% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0120% | 1h | 442.29 | −0.103% | $1K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0120% | 8h | 442.44 | −0.070% | $13.0M | $8.5M | 20x | as long as short |
| BloFin TSM-USDT | +0.0146% | 8h | 442.55 | −0.045% | $46K | $116K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.70 | −0.011% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0400% | 8h | 442.68 | −0.015% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Variational Omni TSM
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Phoenix TSM
GRVT TSM_USDT_Perp