Funding you earn now, next payment 10:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.009%
Price spread now: Binance against SoDEX+0.107%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 $0 a day on $10k at the current rate, and Binance is 0.107% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 440.08 | 0.0050 | pay 0.0006% / 1h | 11m 39s | $133 | $3K | 10x |
| Short | Binance TSMUSDT | 440.55 | 0.0061 | get 0.0061% / 8h | 6h 11m | $13.0M | $8.3M | 20x |
SoDEX TSM-USD
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SoDEX. 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
- $2.32
- Price spread: +0.107% → 0.000%
- $10.68
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$5
- Costs to cover
- 0.180%
- Break-even
- 22.0 days
Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 7 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.23 bp | 8.8 bp −$9 | 24.7 bp −$247 | 96.0 bp −$9,597 | doesn't fit |
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 exchanges
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 | −0.0632% | 4h | 440.32 | +0.055% | $47K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.150% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.55 | +0.106% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.42 | +0.077% | $2.0M | $394K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.44 | +0.082% | $4.1M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.30 | +0.050% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.57 | +0.111% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.31 | +0.052% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.40 | +0.073% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.42 | +0.077% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 440.71 | +0.143% | $1.5M | $545K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.48 | +0.091% | $496K | $143K | 10x | as long as short |
| BloFin TSM-USDT | +0.0034% | 8h | 440.46 | +0.086% | $45K | $113K | 20x | as long as short |
| Lighter RH TSM | +0.0040% | 1h | 440.53 | +0.102% | $195K | $726K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.08 | 0.000% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.06 | −0.005% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.25 | +0.039% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 440.08 | long leg | $133 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.09 | +0.002% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0061% | 8h | 440.55 | +0.107% | $13.0M | $8.3M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 440.41 | +0.075% | $1K | $217K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.10 | +0.005% | $267K | $419K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.52 | +0.100% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.49 | +0.094% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.30 | +0.050% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.879% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0262% | 8h | 440.32 | +0.054% | $8K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0590% | 1h | 440.65 | +0.130% | $4 | $11K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL