Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Phemex−0.009%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$333as in the Price arb table
costs, in and out, $10k−$3343.345% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.009%, 7d avg −0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 438.97 | 0 | get 0.0000% / 8h | 7h 20m | $1.5M | $538K | 10x |
| Short | SunX TSM-USDT | 438.93 | 0 | get 0.0000% / 8h | 7h 20m | $2K | $4.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $0
- Price spread: −0.009% → −0.020%
- $1.04
- Slippage, 4 orders
- −$314.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$333.46
- Costs to cover
- 3.345%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 8 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 | 11.87 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 45.02 bp | 127.1 bp −$127 | 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 | −0.0015% | 8h | 438.35 | −0.141% | $45K | $109K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.87 | −0.024% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 438.80 | −0.040% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 438.82 | −0.035% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 438.60 | −0.084% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.76 | −0.048% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.59 | −0.087% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.90 | −0.016% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.35 | −0.141% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.96 | −0.230% | $13K | $1.3M | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDTshort | 0.0000% | 8h | 438.93 | −0.009% | $2K | $4.0M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 438.85 | −0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 438.97 | long leg | $1.5M | $538K | 10x | |
| Lighter TSM | +0.0032% | 1h | 438.38 | −0.134% | $494K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.86 | −0.025% | $202K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.71 | −0.287% | $370K | $94K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.31 | −0.150% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.49 | −0.109% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.56 | −0.093% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.10 | −0.198% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.79 | −0.269% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.28 | −0.157% | $266K | $350K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.80 | −0.039% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.75 | −0.051% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.81 | −0.264% | $208K | $10K | 10x | as long as short |
| edgeX TSMUSDC | +0.0168% | 4h | 438.01 | −0.219% | $47K | $216K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.134% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0388% | 1h | 438.87 | −0.023% | $4 | $13K | 10x | as long as short |
Phemex TSMUSDT
SunX TSM-USDT
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
HTX TSM-USDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
KuCoin TSMUSDTM
Phoenix TSM
edgeX TSMUSDC
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL