Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.009%
Price spread now: Bitget against Coinbase International+0.130%7-day average +0.234% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.130%, 7d avg +0.234%
=Funding pays, the price is against you. Bitget is 0.104% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.130% now, against its 7-day average of +0.234%). If the spread goes back, that is −$10 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.217% in total) that is about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 446.18 | −0.0024 | get 0.0003% / 1h | 18m 34s | $357K | $97K | 10x |
| Short | Bitget TSMUSDT | 446.76 | 0 | get 0.0000% / 8h | 18m 34s | $1.6M | $1.5M | 20x |
Coinbase International TSM-PERP-INTX
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $5.04
- Price spread: +0.130% → +0.234%
- −$10.43
- Slippage, 4 orders
- −$18.6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$46
- Costs to cover
- 0.406%
- Break-even
- 70.9 days
Slippage from Coinbase International: live order book, 59 min ago; Bitget: live order book, 3 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 Coinbase International live order book, 59 min ago | 4.49 bp | 10.3 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.58 bp | 9.0 bp −$9 | 22.6 bp −$226 | 52.9 bp −$5,288 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTXlong | −0.0024% | 1h | 446.18 | long leg | $357K | $97K | 10x | |
| BloFin TSM-USDT | −0.0008% | 8h | 446.83 | +0.146% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.69 | +0.115% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.79 | +0.137% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.87 | +0.155% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.52 | +0.076% | $2.0M | $415K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.75 | +0.128% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.44 | +0.058% | $1.7M | $909K | 100x | as long as short |
| Bitget TSMUSDTshort | 0.0000% | 8h | 446.76 | +0.130% | $1.6M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 446.76 | +0.131% | $553K | $84K | — | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.62 | +0.100% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.77 | +0.132% | $1K | $5.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 446.73 | +0.123% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.77 | +0.132% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.80 | +0.139% | $1.5M | $454K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.94 | +0.170% | $230K | $596K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.67 | +0.110% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.55 | +0.083% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.55 | +0.083% | $197K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.49 | +0.069% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.52 | +0.076% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.38 | +0.045% | $270K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.80 | +0.139% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.83 | +0.146% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.54 | +0.081% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +1.018% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0272% | 1h | 447.26 | +0.242% | $505K | $166K | 10x | as long as short |
| edgeX TSMUSDC | +0.0718% | 4h | 446.69 | +0.115% | $48K | $215K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
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
edgeX TSMUSDC