TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.051%

Price spread now: SoDEX against Injective−1.188%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$5 a day on $10k at the current rate, and SoDEX is 1.188% cheaper against Injective than usual: you would sell low and buy high (−$119 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	Injective TSM/USDC PERP	448.49	0.0220	pay 0.0028% / 1h	47m 00s	$7K	$38K	12x
Short	SoDEX TSM-USD	443.16	0.0050	get 0.0006% / 1h	47m 00s	$136	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee SoDEXbpOrdersPrice spread, now −1.188%Rate

Funding earned: −$35.7
Price spread: −1.188% → 0.000%: −$118.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$162.56
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SoDEX: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Injective and SoDEX: 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	−0.0891%	4h	443.70	−1.067%	$48K	$217K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	443.68	−1.072%	$81K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.28	−1.162%	$2.0M	$391K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.50	−1.113%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.35	−1.146%	$1.7M	$951K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	443.84	−1.037%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.88	−1.028%	$550K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	443.57	−1.097%	$1K	$4.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.61	−1.088%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	443.63	−1.084%	$1.5M	$442K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSM-USDT	+0.0019%	8h	443.51	−1.110%	—	$98K	20x	as long as short
Lighter TSM	+0.0032%	1h	443.79	−1.048%	$501K	$173K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	443.42	−1.130%	$221K	$644K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	443.24	−1.171%	—	$583	25x	as long as short
Binance TSMUSDT	+0.0046%	8h	443.58	−1.095%	$13.0M	$6.8M	20x	as long as short
Extended TSM-USD	+0.0048%	1h	443.45	−1.125%	$1K	$197K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	443.13	−1.195%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	443.29	−1.159%	$196K	$51K	10x	as long as short
SoDEX TSM-USDshort	+0.0050%	1h	443.16	−1.188%	$136	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	442.86	−1.255%	$160K	$24K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.16	−1.188%	$269K	$319K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.48	−1.117%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	443.50	−1.114%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.28	−1.162%	$370K	$107K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0187%	8h	443.91	−1.021%	$8K	$1.1M	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.77	−1.052%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERPlong	+0.0220%	1h	448.49	long leg	$7K	$38K	12x
Deribit TSM_USDC-PERPETUAL	+0.0359%	1h	443.38	−1.139%	$4	$24K	10x	as long as short