Funding you earn now, next payment 07:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.009%
Price spread now: Extended against Phemex−0.276%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.276%, 7d avg −0.034%
=Together, before fees+0.312%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.243% cheaper against Phemex than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of −0.034%). If the spread goes back, that is −$24 on $10k: about 13 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.039% in total) that is about 44 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 440.80 | 0 | get 0.0000% / 8h | 1h 39m | $1.5M | $514K | 10x |
| Short | Extended TSM-USD | 439.58 | 0.0064 | get 0.0008% / 1h | 39m 44s | $3K | $181K | 10x |
Phemex TSMUSDT
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phemex. 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
- $13.44
- Price spread: −0.276% → −0.034%
- −$24.25
- Slippage, 4 orders
- −$81.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$109.56
- Costs to cover
- 0.987%
- Break-even
- 64.1 days
Slippage from Phemex: live order book, 3 min ago; Extended: live order book, 1 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 Phemex live order book, 3 min ago | 1.02 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.80 bp | 8.8 bp −$9 | 81.4 bp −$814 | 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 | −0.0212% | 8h | 439.73 | −0.243% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.60 | −0.272% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.49 | −0.297% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.51 | −0.293% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.53 | −0.288% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | −0.282% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.75 | −0.238% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.75 | −0.238% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 440.80 | long leg | $1.5M | $514K | 10x | |
| Lighter TSM | +0.0032% | 1h | 439.67 | −0.256% | $495K | $137K | 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
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 | 439.50 | −0.295% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.27 | −0.347% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.333% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.14 | −0.377% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.44 | −0.309% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.15 | −0.374% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.57 | −0.279% | $157K | $27K | 10x | as long as short |
| Extended TSM-USDshort | +0.0064% | 1h | 439.58 | −0.276% | $3K | $181K | 10x | |
| Binance TSMUSDT | +0.0067% | 8h | 439.64 | −0.263% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0073% | 8h | 439.60 | −0.272% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0077% | 8h | 439.74 | −0.240% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.11 | −0.383% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.51 | −0.293% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.47 | −0.302% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.43 | −0.311% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +0.882% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0243% | 4h | 439.65 | −0.261% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0729% | 1h | 439.57 | −0.279% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL