Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.030%
Price spread now: Coinbase International against Aevo−0.142%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.142% cheaper against Aevo than usual: you would sell low and buy high (−$14 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 | Aevo TSM-PERP | 439.95 | 0.0104 | pay 0.0013% / 1h | 16m 10s | $123 | — | 10x |
| Short | Coinbase International TSM-PERP-INTX | 439.33 | 0.0048 | get 0.0006% / 1h | 16m 10s | $366K | $102K | 10x |
Aevo TSM-PERP
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Aevo. 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
- −$11.76
- Price spread: −0.142% → 0.000%
- −$14.21
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$51.97
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 27 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 27 min ago | 5.01 bp | 10.9 bp −$11 | 13.2 bp −$132 | doesn't fit | doesn't fit |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0211% | 8h | 439.91 | −0.010% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.74 | −0.048% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.66 | −0.067% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.80 | −0.035% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.75 | −0.047% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.69 | −0.061% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.91 | −0.010% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.60 | −0.081% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.72 | +0.174% | $1.5M | $521K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.78 | −0.040% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.67 | −0.065% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.72 | −0.053% | — | $2K | 25x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0048% | 1h | 439.33 | −0.142% | $366K | $102K | 10x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.58 | −0.085% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.48 | −0.108% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.39 | −0.128% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.74 | −0.049% | $158K | $28K | 10x | as long as short |
| BloFin TSM-USDT | +0.0058% | 8h | 440.25 | +0.067% | $45K | $106K | 20x | as long as short |
| Binance TSMUSDT | +0.0078% | 8h | 439.80 | −0.036% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.64 | −0.072% | $3K | $142K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0089% | 8h | 439.68 | −0.063% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.62 | −0.076% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.80 | −0.035% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 439.95 | long leg | $123 | — | 10x | |
| Phoenix TSM | +0.0164% | 1h | 439.50 | −0.103% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +0.981% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0410% | 1h | 439.71 | −0.056% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0421% | 4h | 439.71 | −0.055% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC