Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against OKX+0.024%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now +0.024%, 7d avg +0.047%
=Funding pays, the price is against you. Binance is 0.023% cheaper against OKX than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.047%). If the spread goes back, that is −$2 on $10k: about 26 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.250%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 441.74 | 0 | get 0.0000% / 8h | 4h 12m | $4.0M | $2.5M | 20x |
| Short | Binance TSMUSDT | 441.85 | 0.0071 | get 0.0071% / 8h | 4h 12m | $13.0M | $7.3M | 20x |
OKX TSM-USDT-SWAP
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $14.92
- Price spread: +0.024% → +0.047%
- −$2.33
- Slippage, 4 orders
- −$17.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.74
- Costs to cover
- 0.373%
- Break-even
- 18.6 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 13 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 OKX live order book, 5 min ago | 0.91 bp | 9.9 bp −$10 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.11 bp | 9.5 bp −$10 | 21.4 bp −$214 | 88.1 bp −$8,810 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0522% | 4h | 441.68 | −0.015% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0084% | 8h | 441.92 | +0.041% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.98 | +0.054% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.58 | −0.036% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 441.74 | long leg | $4.0M | $2.5M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 441.64 | −0.023% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.69 | −0.011% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.86 | +0.027% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.50 | −0.054% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.86 | +0.027% | $1.5M | $472K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
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 | 441.88 | +0.032% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.71 | −0.007% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.45 | −0.066% | — | $583 | 25x | as long as short |
| BloFin TSM-USDT | +0.0048% | 8h | 441.66 | −0.018% | $45K | $99K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.45 | −0.066% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.54 | −0.045% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.45 | −0.066% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.61 | −0.029% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0071% | 8h | 441.85 | +0.024% | $13.0M | $7.3M | 20x | |
| Extended TSM-USD | +0.0072% | 1h | 441.72 | −0.004% | $6K | $195K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.35 | −0.088% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.75 | +0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.72 | −0.003% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 441.71 | −0.006% | $11K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.215% | $368K | $102K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0180% | 1h | 441.72 | −0.005% | $4 | $24K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.55 | −0.043% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.347% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP