Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Polymarket Perps against Extended−0.045%7-day average −0.053% · 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−$31as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.045%, 7d avg −0.053%
=Together, before fees−0.003%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 443.92 | 0.0040 | pay 0.0005% / 1h | 26m 40s | $1K | $191K | 10x |
| Short | Polymarket Perps TSM-USD | 443.72 | 0.0050 | get 0.0006% / 1h | 26m 40s | $196K | $51K | 10x |
Extended TSM-USD
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. 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
- $2.1
- Price spread: −0.045% → −0.053%
- $0.8
- Slippage, 4 orders
- −$18.7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$28.8
- Costs to cover
- 0.317%
- Break-even
- 103.0 days
Slippage from Extended: live order book, 35 min ago; Polymarket Perps: live order book, 35 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 Extended live order book, 35 min ago | 1.58 bp | 9.6 bp −$10 | 77.6 bp −$776 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 35 min ago | 1.69 bp | 7.0 bp −$7 | 8.3 bp −$83 | 10.0 bp −$1,000 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.28 | +0.081% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.005% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.89 | −0.007% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.89 | −0.007% | $1.7M | $957K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.99 | +0.015% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.17 | +0.056% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.03 | +0.025% | $1K | $4.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 443.95 | +0.006% | $98 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.04 | +0.027% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.24 | +0.072% | $1.5M | $445K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
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 | 444.32 | +0.090% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.91 | −0.003% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDT | +0.0040% | 8h | 444.02 | +0.022% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USDlong | +0.0040% | 1h | 443.92 | long leg | $1K | $191K | 10x | |
| BloFin TSM-USDT | +0.0043% | 8h | 444.03 | +0.025% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.64 | −0.063% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.54 | −0.086% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 443.72 | −0.045% | $196K | $51K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 443.72 | −0.045% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.55 | −0.084% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.73 | −0.043% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.99 | +0.015% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.00 | +0.018% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0125% | 8h | 444.08 | +0.037% | $9K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.144% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.98 | +0.013% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.029% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0389% | 4h | 444.09 | +0.039% | $48K | $215K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Binance TSMUSDT
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC