Funding you earn now, next payment 20:00 UTC−0.0046%/8hpaid last 24h −0.007%
Price spread now: Bybit against Vest−0.022%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.022% cheaper against Vest than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest TSM-USD-PERP | 445.27 | 0.0046 | pay 0.0006% / 1h | 21m 58s | — | — | 25x |
| Short | Bybit TSMUSDT | 445.17 | 0 | get 0.0000% / 8h | 4h 21m | $2.0M | $378K | 50x |
Vest TSM-USD-PERP
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Vest. 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
- −$9.59
- Price spread: −0.022% → 0.000%
- −$2.25
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.84
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bybit: live order book, 9 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 Vest no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 9 min ago | 0.22 bp | 11.1 bp −$11 | 32.6 bp −$326 | doesn't fit | doesn't fit |
Vest: 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 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 | −0.0242% | 4h | 445.51 | +0.054% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.126% | $358K | $89K | 10x | as long as short |
| BloFin TSM-USDT | −0.0011% | 8h | 445.35 | +0.018% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.28 | +0.003% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.41 | +0.030% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.42 | +0.034% | $13.1M | $6.5M | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 445.17 | −0.022% | $2.0M | $378K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.39 | +0.027% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.26 | −0.002% | $1.7M | $884K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.48 | +0.047% | $557K | $81K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.49 | +0.050% | $10K | $895K | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.49 | +0.049% | $1K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.19 | −0.018% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.89 | −0.085% | $1.5M | $439K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.51 | +0.054% | $206K | $671K | 10x | as long as short |
| Vest TSM-USD-PERPlong | +0.0046% | 1h | 445.27 | long leg | — | — | 25x | |
| Bitget TSMUSDT | +0.0048% | 8h | 445.14 | −0.029% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.09 | −0.040% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.22 | −0.011% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.08 | −0.043% | $151 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.96 | −0.070% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.15 | −0.027% | $273K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.49 | +0.049% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.48 | +0.048% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.44 | +0.038% | $217K | $5K | 10x | as long as short |
| Lighter TSM | +0.0216% | 1h | 445.97 | +0.157% | $504K | $154K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.01 | +1.065% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0401% | 1h | 445.50 | +0.052% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Bitget TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Lighter TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL