Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Bybit against tradeXYZ+0.029%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.029%, 7d avg +0.080%
=Together, before fees−0.033%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.051% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 446.45 | 0.0050 | pay 0.0006% / 1h | 59m 13s | $10.3M | $2.3M | 10x |
| Short | Bybit TSMUSDT | 446.58 | 0 | get 0.0000% / 8h | 6h 59m | $2.0M | $411K | 50x |
tradeXYZ xyz:TSM
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. 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: +0.029% → +0.080%
- −$5.09
- Slippage, 4 orders
- −$16.78
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61.37
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Bybit: live order book, 2 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 tradeXYZ live order book, 9 min ago | 0.78 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.90 bp | 11.8 bp −$12 | 55.4 bp −$554 | 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 | 0.0000% | 8h | 446.90 | +0.101% | $44K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.12 | +0.151% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.95 | +0.112% | $5K | $203K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.90 | +0.101% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 446.58 | +0.029% | $2.0M | $411K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.79 | +0.076% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.88 | +0.096% | $1.7M | $896K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 447.37 | +0.206% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.140% | $554K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.07 | +0.139% | $1K | $4.9M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 446.97 | +0.116% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.25 | +0.179% | $1.5M | $455K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 447.30 | +0.190% | $359K | $100K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.03 | +0.130% | $223K | $630K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0042% | 8h | 447.23 | +0.175% | $13K | $1.1M | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.96 | +0.114% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 446.45 | long leg | $10.3M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.00 | +0.123% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.78 | +0.074% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.92 | +0.105% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.94 | +0.110% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.01 | +0.125% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.08 | +0.142% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.91 | +0.103% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.67 | +1.169% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0242% | 1h | 446.94 | +0.110% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0328% | 1h | 447.54 | +0.244% | $505K | $167K | 10x | as long as short |
| edgeX TSMUSDC | +0.0572% | 4h | 447.21 | +0.169% | $48K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
GRVT TSM_USDT_Perp
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM
edgeX TSMUSDC