Funding you earn now, next payment 00:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.31 per $10,000 · paid last 24h +0.065%
Price spread now: Injective against Coinbase International+1.071%64s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.071% dearer against Coinbase International than usual: you sell high and buy low: +$107 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 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 | Coinbase International TSM-PERP-INTX | 447.30 | −0.0024 | get 0.0003% / 1h | 1m 44s | $359K | $100K | 10x |
| Short | Injective TSM/USDC PERP | 452.09 | 0.0220 | get 0.0028% / 1h | 1m 44s | $7K | $38K | 12x |
Coinbase International TSM-PERP-INTX
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $51.24
- Price spread: +1.071% → 0.000%
- $107.09
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $148.31
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 6 min ago; Injective: 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, 6 min ago | 3.13 bp | 8.1 bp −$8 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTXlong | −0.0024% | 1h | 447.30 | long leg | $359K | $100K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 447.19 | −0.025% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.10 | −0.045% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.12 | −0.040% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.94 | −0.080% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.16 | −0.031% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.00 | −0.067% | $1.7M | $930K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.45 | +0.034% | $554K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.18 | −0.027% | $2K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.29 | −0.002% | $9K | $9K | 20x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 447.25 | −0.011% | $1.5M | $455K | 10x | as long as short |
| Bitget TSMUSDT | +0.0004% | 8h | 447.37 | +0.016% | $1.6M | $1.4M | 20x | as long as short |
| BloFin TSM-USDT | +0.0018% | 8h | 447.29 | −0.002% | $45K | $100K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.15 | −0.034% | $229K | $657K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.01 | −0.065% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.85 | −0.101% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.04 | −0.058% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.90 | −0.089% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.27 | −0.007% | $158K | $22K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 447.55 | +0.057% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.97 | −0.074% | $271K | $314K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.11 | −0.042% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.21 | −0.019% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | +0.027% | $218K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.0217% | 4h | 447.45 | +0.033% | $48K | $216K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 452.09 | +1.071% | $7K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0265% | 1h | 447.09 | −0.047% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0320% | 1h | 447.84 | +0.121% | $505K | $167K | 10x | as long as short |
Phemex TSMUSDT
Bitget TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL
Lighter TSM