Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.029%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days+0.088%+$9 · spread now −0.029%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.035% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 443.11 | 0 | get 0.0000% / 8h | 5h 04m | $4.0M | $2.4M | 20x |
| Short | Bybit TSMUSDT | 442.98 | 0 | get 0.0000% / 8h | 5h 04m | $2.0M | $381K | 50x |
OKX TSM-USDT-SWAP
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.029% → +0.006%
- −$3.52
- Slippage, 4 orders
- −$22.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.45
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 1.35 bp | 8.3 bp −$8 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.92 bp | 13.4 bp −$13 | 60.0 bp −$600 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0119% | 4h | 443.21 | +0.022% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.55 | +0.099% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 442.98 | −0.029% | $2.0M | $381K | 50x | |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 443.11 | long leg | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 443.09 | −0.005% | $1.7M | $962K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.45 | +0.077% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.27 | +0.036% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.27 | +0.036% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.12 | +0.002% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.45 | +0.077% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0023% | 8h | 443.27 | +0.036% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 443.57 | +0.104% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.20 | +0.020% | $221K | $645K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.92 | −0.043% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0046% | 8h | 443.31 | +0.044% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.15 | +0.009% | $2K | $189K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.96 | −0.034% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.09 | −0.005% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.95 | −0.036% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.72 | −0.088% | $158K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0088% | 8h | 443.33 | +0.050% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.95 | −0.036% | $268K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.24 | +0.029% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.27 | +0.035% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.014% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.04 | −0.016% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.207% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0495% | 1h | 443.22 | +0.025% | $4 | $24K | 10x | as long as short |
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
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
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL