Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Bybit+0.011%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.011%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.050% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 440.82 | 0 | get 0.0000% / 8h | 2h 47m | $2.0M | $396K | 50x |
| Short | Polymarket Perps TSM-USD | 440.87 | 0.0050 | get 0.0006% / 1h | 47m 17s | $192K | $63K | 10x |
Bybit TSMUSDT
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bybit. 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
- $10.5
- Price spread: +0.011% → −0.039%
- $5
- Slippage, 4 orders
- −$20.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$24.24
- Costs to cover
- 0.397%
- Break-even
- 23.2 days
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 65 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 Bybit live order book, 4 min ago | 1.93 bp | 11.2 bp −$11 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 65 min ago | 2.04 bp | 8.5 bp −$9 | 8.5 bp −$85 | 11.1 bp −$1,113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0175% | 8h | 441.02 | +0.045% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.00 | +0.041% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 440.82 | long leg | $2.0M | $396K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.04 | +0.050% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.95 | +0.029% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.03 | +0.047% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.06 | +0.054% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.78 | +0.218% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.24 | +0.095% | $1.5M | $495K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.03 | +0.048% | $497K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster 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 | 441.04 | +0.050% | $220K | $679K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.72 | −0.023% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.65 | −0.039% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 440.87 | +0.011% | $192K | $63K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 440.71 | −0.025% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.83 | +0.002% | $157K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0053% | 8h | 441.07 | +0.057% | $45K | $102K | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 441.00 | +0.040% | $6K | $196K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0058% | 8h | 440.97 | +0.034% | $9K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 441.13 | +0.070% | $12.9M | $7.6M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.179% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.65 | −0.039% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.06 | +0.054% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.04 | +0.050% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.03 | +0.048% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.50 | +1.062% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0385% | 1h | 441.09 | +0.061% | $97 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0439% | 4h | 440.98 | +0.037% | $48K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
GRVT TSM_USDT_Perp
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC