Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%
Price spread now: tradeXYZ against Bybit−0.054%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.054%, 7d avg −0.078%
=Together, before fees+0.067%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.024% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 440.67 | 0 | get 0.0000% / 8h | 2h 07m | $2.0M | $400K | 50x |
| Short | tradeXYZ xyz:TSM | 440.43 | 0.0050 | get 0.0006% / 1h | 7m 27s | $10.2M | $1.8M | 10x |
Bybit TSMUSDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.054% → −0.078%
- $2.4
- Slippage, 4 orders
- −$21.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.8
- Costs to cover
- 0.507%
- Break-even
- 32.2 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 1.25 bp | 11.5 bp −$11 | 73.8 bp −$738 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 1.48 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 | −0.0617% | 4h | 440.90 | +0.052% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0204% | 8h | 440.97 | +0.068% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.71 | +0.009% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 440.67 | long leg | $2.0M | $400K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.85 | +0.041% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.73 | +0.014% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.87 | +0.045% | $553K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.00 | +0.075% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.90 | +0.052% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.30 | +0.143% | $1.5M | $512K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.82 | +0.034% | $496K | $138K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.77 | +0.023% | $225K | $689K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.35 | −0.073% | — | $1K | 25x | as long as short |
| GRVT TSM_USDT_Perp | +0.0046% | 8h | 440.88 | +0.048% | $5K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 440.43 | −0.054% | $10.2M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.62 | −0.011% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.53 | −0.032% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.73 | +0.014% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0053% | 8h | 441.00 | +0.075% | $12.9M | $7.8M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.86 | +0.044% | $5K | $183K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.304% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0079% | 8h | 441.06 | +0.089% | $45K | $104K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.36 | −0.070% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.79 | +0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.88 | +0.047% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.78 | +0.025% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.903% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0704% | 1h | 440.83 | +0.036% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
GRVT TSM_USDT_Perp
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL