Funding you earn now, next payment 01:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.002%
Price spread now: Polymarket Perps against Bitget−0.040%60s7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.040%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.044% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.084%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 447.96 | 0.0025 | pay 0.0025% / 8h | 7h 26m | $1.6M | $1.4M | 20x |
| Short | Polymarket Perps TSM-USD | 447.78 | 0.0050 | get 0.0006% / 1h | 26m 32s | $197K | $41K | 10x |
Bitget TSMUSDT
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bitget. 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
- $5.25
- Price spread: −0.040% → −0.084%
- $4.41
- Slippage, 4 orders
- −$15.72
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.06
- Costs to cover
- 0.357%
- Break-even
- 41.8 days
Slippage from Bitget: live order book, just now; Polymarket Perps: live order book, 45 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 Bitget live order book, just now | 4.69 bp | 11.2 bp −$11 | 19.3 bp −$193 | 52.8 bp −$5,284 | doesn't fit |
| Sell Polymarket Perps live order book, 45 min ago | 0.11 bp | 4.1 bp −$4 | 5.3 bp −$53 | 8.0 bp −$805 | 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 | −0.0052% | 4h | 448.02 | +0.014% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.225% | $358K | $101K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.86 | −0.021% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.97 | +0.003% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.99 | +0.007% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.93 | −0.007% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.95 | −0.002% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.75 | −0.047% | $1.7M | $920K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.25 | −0.159% | $554K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.79 | −0.038% | $13K | $1.1M | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 448.07 | +0.025% | $2K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 448.10 | +0.031% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 448.14 | +0.040% | $1.5M | $454K | 10x | as long as short |
| BloFin TSM-USDT | +0.0015% | 8h | 448.03 | +0.016% | $44K | $102K | 20x | as long as short |
| Bitget TSMUSDTlong | +0.0025% | 8h | 447.96 | long leg | $1.6M | $1.4M | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 448.04 | +0.018% | $232K | $639K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.84 | −0.027% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.72 | −0.054% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 447.78 | −0.040% | $197K | $41K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 447.71 | −0.056% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.44 | −0.116% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.63 | −0.074% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.84 | −0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.96 | 0.000% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.84 | −0.027% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.045% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0272% | 1h | 448.56 | +0.134% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0688% | 1h | 447.97 | +0.002% | $4 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL