Funding you earn now, next payment 10:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against SoDEX+0.048%7-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
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.048% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 441.58 | 0.0050 | pay 0.0006% / 1h | 1m 54s | $137 | $3K | 10x |
| Short | Extended TSM-USD | 441.79 | 0.0064 | get 0.0008% / 1h | 1m 54s | $1K | $217K | 10x |
SoDEX TSM-USD
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $2.94
- Price spread: +0.048% → 0.000%
- $4.77
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$5.29
- Costs to cover
- 0.130%
- Break-even
- 19.6 days
Slippage unknown: SoDEX: no order-book sample; Extended: live order book, 47 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 Extended live order book, 47 min ago | 1.48 bp | 9.5 bp −$10 | 83.1 bp −$831 | doesn't fit | 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 | −0.0764% | 4h | 441.50 | −0.018% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 441.41 | −0.038% | $373K | $102K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.80 | +0.050% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.85 | +0.061% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.71 | +0.029% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.57 | −0.002% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.89 | +0.070% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.52 | −0.013% | $553K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.95 | +0.084% | $1K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.76 | +0.041% | $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 | 441.30 | −0.063% | $1.5M | $554K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.88 | +0.068% | $498K | $144K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.89 | +0.070% | $199K | $747K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.71 | +0.029% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.46 | −0.027% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.23 | +0.147% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 441.58 | long leg | $137 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.39 | −0.043% | $158K | $29K | 10x | as long as short |
| Extended TSM-USDshort | +0.0064% | 1h | 441.79 | +0.048% | $1K | $217K | 10x | |
| Binance TSMUSDT | +0.0067% | 8h | 441.93 | +0.079% | $13.0M | $8.5M | 20x | as long as short |
| BloFin TSM-USDT | +0.0088% | 8h | 441.46 | −0.027% | $45K | $114K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.50 | −0.018% | $268K | $430K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.86 | +0.063% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.05 | +0.107% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 441.38 | −0.045% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.537% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0249% | 8h | 441.25 | −0.076% | $8K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0565% | 1h | 441.81 | +0.052% | $4 | $10K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL