Funding you earn now, next payment 02:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.062%
Price spread now: Phoenix against HTX+0.038%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.038% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TSM-USDT | 443.81 | 0 | get 0.0000% / 8h | 5h 28m | $9K | $9K | 20x |
| Short | Phoenix TSM | 443.98 | 0.0217 | get 0.0027% / 1h | 28m 22s | $216K | $5K | 10x |
HTX TSM-USDT
Phoenix TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $45.49
- Price spread: +0.038% → 0.000%
- $3.83
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $30.33
- Costs to cover
- 0.190%
- Break-even
- 2.3 days
Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 29 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 Phoenix live order book, 29 min ago | 3.83 bp | 12.2 bp −$12 | 26.0 bp −$260 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0469% | 4h | 443.92 | +0.025% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.32 | +0.115% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | +0.020% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.99 | +0.041% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.94 | +0.029% | $1.7M | $957K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.05 | +0.054% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.17 | +0.081% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.06 | +0.056% | $1K | $4.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 443.98 | +0.038% | $98 | $24K | 10x | as long as short |
| HTX TSM-USDTlong | 0.0000% | 8h | 443.81 | long leg | $9K | $9K | 20x |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 444.31 | +0.113% | $1.5M | $445K | 10x | as long as short |
| BloFin TSM-USDT | +0.0019% | 8h | 444.17 | +0.081% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 444.33 | +0.117% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.01 | +0.045% | $221K | $644K | 10x | as long as short |
| Binance TSMUSDT | +0.0044% | 8h | 444.08 | +0.061% | $13.0M | $6.8M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.78 | −0.007% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.96 | +0.033% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.66 | −0.034% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.80 | −0.002% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.70 | −0.025% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.55 | −0.059% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.71 | −0.023% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.05 | +0.054% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | +0.057% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0136% | 8h | 444.20 | +0.089% | $9K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.119% | $370K | $107K | 10x | as long as short |
| Phoenix TSMshort | +0.0217% | 1h | 443.98 | +0.038% | $216K | $5K | 10x | |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.055% | $7K | $38K | 12x | as long as short |
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Binance TSMUSDT
Vest TSM-USD-PERP
Extended TSM-USD
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
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Injective TSM/USDC PERP