Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.002%
Price spread now: Aster against Coinbase International+0.139%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.139% dearer against Coinbase International than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.133%, 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 | Coinbase International TSM-PERP-INTX | 439.33 | 0.0048 | pay 0.0006% / 1h | 59m 33s | $366K | $102K | 10x |
| Short | Aster TSMUSDT | 439.94 | 0 | get 0.0000% / 8h | 59m 33s | $82K | $2K | 20x |
Coinbase International TSM-PERP-INTX
Aster TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Coinbase International. 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
- −$10.08
- Price spread: +0.139% → 0.000%
- $13.9
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$14.18
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 43 min ago; Aster: no order-book sample. Net counts fees only.
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 Coinbase International live order book, 43 min ago | 5.01 bp | 10.3 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0169% | 8h | 439.85 | +0.118% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | −0.0014% | 1h | 439.24 | −0.020% | $10.2M | $1.7M | 10x | as long as short |
| Aster TSMUSDTshort | 0.0000% | 8h | 439.94 | +0.139% | $82K | $2K | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 439.67 | +0.077% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.78 | +0.102% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.59 | +0.059% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.72 | +0.088% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.80 | +0.107% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.71 | +0.086% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.60 | +0.289% | $1.5M | $524K | 10x | as long as short |
Bitget TSMUSDT
tradeXYZ xyz:TSM
Bybit 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 | 440.15 | +0.187% | $496K | $170K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.58 | +0.057% | $221K | $733K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.45 | +0.027% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 439.79 | +0.105% | $45K | $106K | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0046% | 1h | 439.68 | +0.080% | $97 | $25K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0048% | 1h | 439.33 | long leg | $366K | $102K | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.51 | +0.041% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.48 | +0.034% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.18 | −0.034% | $158K | $27K | 10x | as long as short |
| edgeX TSMUSDC | +0.0066% | 4h | 439.74 | +0.093% | $47K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 439.78 | +0.102% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 439.68 | +0.079% | $3K | $145K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 439.82 | +0.111% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.42 | +0.020% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.74 | +0.093% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.76 | +0.097% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.68 | +0.080% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.124% | $6K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
Deribit TSM_USDC-PERPETUAL
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
edgeX TSMUSDC
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP