Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: tradeXYZ against Phemex−0.243%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.243%, 7d avg −0.108%
=Together, before fees+0.255%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.135% cheaper against Phemex than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of −0.108%). If the spread goes back, that is −$13 on $10k: about 9.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 440.67 | 0 | get 0.0000% / 8h | 30m 52s | $1.5M | $529K | 10x |
| Short | tradeXYZ xyz:TSM | 439.60 | 0.0050 | get 0.0006% / 1h | 30m 52s | $10.1M | $1.8M | 10x |
Phemex TSMUSDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.243% → −0.108%
- −$13.49
- Slippage, 4 orders
- −$78.05
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$111.04
- Costs to cover
- 1.081%
- Break-even
- 81.0 days
Slippage from Phemex: live order book, 2 min ago; tradeXYZ: 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, 2 min ago | 1.36 bp | 27.4 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 0.68 bp | 11.1 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0904% | 4h | 439.56 | −0.252% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0136% | 8h | 439.69 | −0.222% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.52 | +0.193% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.82 | −0.193% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.84 | −0.188% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.59 | −0.245% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.69 | −0.222% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.65 | −0.231% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.38 | −0.293% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 440.67 | long leg | $1.5M | $529K | 10x |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 439.64 | −0.234% | $496K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.70 | −0.220% | $220K | $722K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | −0.313% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 439.60 | −0.243% | $10.1M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.45 | −0.277% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.16 | −0.343% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.10 | −0.356% | $158K | $28K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.304% | $366K | $97K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.80 | −0.197% | $3K | $221K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 439.94 | −0.166% | $12.9M | $8.0M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 439.52 | −0.260% | $6K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0086% | 8h | 439.64 | −0.234% | $45K | $107K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.35 | −0.300% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.60 | −0.243% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.57 | −0.249% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.38 | −0.293% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.760% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0934% | 1h | 439.61 | −0.241% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Extended TSM-USD
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
Deribit TSM_USDC-PERPETUAL