Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.49 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against Binance−0.009%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 7 days−0.078%−$8 · spread now −0.009%, 7d avg −0.048%
=The price spread pays, funding is against you. OKX is 0.039% dearer against Binance than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.048%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 443.15 | 0.0049 | pay 0.0049% / 8h | 5h 01m | $13.0M | $6.8M | 20x |
| Short | OKX TSM-USDT-SWAP | 443.11 | 0 | get 0.0000% / 8h | 5h 01m | $4.0M | $2.4M | 20x |
Binance TSMUSDT
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$10.2
- Price spread: −0.009% → −0.048%
- $3.86
- Slippage, 4 orders
- −$17.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.94
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 1 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 Binance live order book, 9 min ago | 0.56 bp | 7.1 bp −$7 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.35 bp | 9.0 bp −$9 | 19.3 bp −$193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0717% | 4h | 443.25 | +0.022% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.45 | +0.067% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.93 | −0.050% | $2.0M | $381K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 443.11 | −0.009% | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 442.97 | −0.041% | $1.7M | $963K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.45 | +0.068% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.11 | −0.008% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.19 | +0.009% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.12 | −0.007% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.27 | +0.027% | $1.5M | $445K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0022% | 8h | 443.20 | +0.011% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 443.40 | +0.056% | $500K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.04 | −0.025% | $221K | $645K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.74 | −0.093% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.07 | −0.018% | $2K | $189K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0049% | 8h | 443.15 | long leg | $13.0M | $6.8M | 20x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.86 | −0.065% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.95 | −0.045% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.84 | −0.070% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.48 | −0.151% | $158K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0098% | 8h | 443.25 | +0.024% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.84 | −0.070% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.08 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.17 | +0.004% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.023% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.18 | +0.007% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.198% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0631% | 1h | 443.06 | −0.020% | $4 | $24K | 10x | as long as short |
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL