Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.009%
Price spread now: tradeXYZ against Binance−0.107%7-day average −0.122% · 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−$45as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now −0.107%, 7d avg −0.122%
=Together, before fees+0.298%+ Points / potential airdroptradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.122%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.332%, 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 | 439.55 | 0.0062 | pay 0.0062% / 8h | 57m 23s | $12.9M | $8.0M | 20x |
| Short | tradeXYZ xyz:TSM | 439.08 | −0.0022 | pay 0.0003% / 1h | 57m 23s | $10.1M | $1.8M | 10x |
Binance TSMUSDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$17.77
- Price spread: −0.107% → −0.122%
- $1.47
- Slippage, 4 orders
- −$18.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$62.75
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; tradeXYZ: live order book, 11 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, 13 min ago | 0.11 bp | 12.0 bp −$12 | 26.9 bp −$269 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.91 bp | 11.5 bp −$12 | doesn't fit | 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 | −0.0951% | 4h | 439.73 | +0.040% | $47K | $215K | 10x | as long as short |
| Bitget TSMUSDT | −0.0167% | 8h | 439.84 | +0.066% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSMshort | −0.0022% | 1h | 439.08 | −0.107% | $10.1M | $1.8M | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 439.57 | +0.005% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.42 | −0.030% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.51 | −0.009% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.40 | −0.034% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.72 | +0.038% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.62 | +0.016% | $1K | $4.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 439.39 | −0.036% | $4 | $25K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 439.71 | +0.036% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.48 | +0.212% | $1.5M | $524K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.63 | +0.018% | $495K | $183K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.31 | −0.055% | $221K | $720K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 439.89 | +0.077% | $45K | $106K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | −0.059% | — | $2K | 25x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.36 | −0.043% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.45 | −0.023% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.18 | −0.084% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.050% | $366K | $99K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0062% | 8h | 439.55 | long leg | $12.9M | $8.0M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 439.41 | −0.033% | $3K | $145K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 439.82 | +0.061% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.21 | −0.077% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.47 | −0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.50 | −0.011% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.57 | +0.005% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.074% | $6K | $38K | 12x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP