Funding you earn now, next payment 09:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%
Price spread now: SoDEX against Coinbase International+0.039%7-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 +$2 a day on $10k at the current rate, and SoDEX is 0.039% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 439.24 | −0.0016 | get 0.0002% / 1h | 54m 27s | $371K | $98K | 10x |
| Short | SoDEX TSM-USD | 439.41 | 0.0050 | get 0.0006% / 1h | 54m 27s | $134 | $3K | 10x |
Coinbase International TSM-PERP-INTX
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $13.86
- Price spread: +0.039% → 0.000%
- $3.87
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$0.27
- Costs to cover
- 0.180%
- Break-even
- 7.1 days
Slippage unknown: Coinbase International: live order book, 39 min ago; SoDEX: 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, 39 min ago | 0.11 bp | 8.9 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0060% | 4h | 439.99 | +0.170% | $47K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | −0.0016% | 1h | 439.24 | long leg | $371K | $98K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 439.85 | +0.140% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.57 | +0.075% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.62 | +0.087% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.63 | +0.089% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.83 | +0.134% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.01 | +0.175% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.03 | +0.180% | $1K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.08 | +0.191% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | 439.89 | +0.148% | $1.5M | $542K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.73 | +0.112% | $495K | $143K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 439.62 | +0.086% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0035% | 8h | 439.83 | +0.134% | $12.9M | $8.3M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.31 | +0.016% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.39 | +0.034% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.40 | +0.036% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 439.41 | +0.039% | $134 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.93 | +0.157% | $158K | $27K | 10x | as long as short |
| BloFin TSM-USDT | +0.0063% | 8h | 439.85 | +0.139% | $45K | $111K | 20x | as long as short |
| Lighter RH TSM | +0.0064% | 1h | 439.70 | +0.105% | $196K | $724K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.43 | +0.043% | $266K | $376K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.80 | +0.127% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.76 | +0.118% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.83 | +0.134% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.072% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0279% | 8h | 439.98 | +0.168% | $12K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0660% | 1h | 439.81 | +0.130% | $4 | $13K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Extended TSM-USD
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Lighter RH TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL