Funding you earn now, next payment 06:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: tradeXYZ against Coinbase International−0.014%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days+0.215%+$22 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.014%, 7d avg +0.114%
=Together, before fees+0.224%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.128% cheaper against Coinbase International than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.114%.
| 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 | 23m 06s | $366K | $102K | 10x |
| Short | tradeXYZ xyz:TSM | 439.27 | 0.0050 | get 0.0006% / 1h | 23m 06s | $10.2M | $1.7M | 10x |
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $0.42
- Price spread: −0.014% → +0.114%
- −$12.81
- Slippage, 4 orders
- −$16.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$57.25
- Costs to cover
- 0.449%
- Break-even
- 961.2 days
Slippage from Coinbase International: live order book, 20 min ago; tradeXYZ: live order book, 6 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, 20 min ago | 5.01 bp | 10.3 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.68 bp | 10.5 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0229% | 8h | 439.73 | +0.091% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.58 | +0.057% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.43 | +0.023% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.65 | +0.073% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.44 | +0.025% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.63 | +0.068% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.76 | +0.098% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | +0.055% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.68 | +0.307% | $1.5M | $517K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.57 | +0.055% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.56 | +0.052% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.31 | −0.005% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0048% | 1h | 439.33 | long leg | $366K | $102K | 10x | |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 439.27 | −0.014% | $10.2M | $1.7M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.34 | +0.002% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.22 | −0.025% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.99 | −0.077% | $157K | $27K | 10x | as long as short |
| BloFin TSM-USDT | +0.0053% | 8h | 439.75 | +0.096% | $45K | $106K | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.70 | +0.085% | $3K | $148K | 10x | as long as short |
| Binance TSMUSDT | +0.0082% | 8h | 439.81 | +0.109% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0090% | 8h | 439.55 | +0.050% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.23 | −0.023% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.65 | +0.073% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.65 | +0.072% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.35 | +0.005% | $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 |
| Deribit TSM_USDC-PERPETUAL | +0.0479% | 1h | 439.56 | +0.052% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0994% | 4h | 439.53 | +0.046% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC