Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h 0.000%
Price spread now: Coinbase International against OKX−0.098%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.098%, 7d avg −0.165%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.067% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.165%. Mind the row above: over the last 7 days funding on this pair cost −0.128%, 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 | 438.14 | 0 | get 0.0000% / 8h | 7h 36m | $4.0M | $2.7M | 20x |
| Short | Coinbase International TSM-PERP-INTX | 437.71 | 0.0040 | get 0.0005% / 1h | 36m 53s | $371K | $100K | 10x |
OKX TSM-USDT-SWAP
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $8.4
- Price spread: −0.098% → −0.165%
- $6.65
- Slippage, 4 orders
- −$21.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$26.05
- Costs to cover
- 0.411%
- Break-even
- 28.7 days
Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 61 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, 1 min ago | 0.11 bp | 7.6 bp −$8 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 61 min ago | 4.89 bp | 10.1 bp −$10 | 13.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 438.41 | +0.061% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 438.12 | −0.004% | $3K | $219K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 438.20 | +0.014% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.98 | −0.037% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 438.14 | long leg | $4.0M | $2.7M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 438.06 | −0.018% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.20 | +0.014% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.19 | +0.011% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.27 | +0.030% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.25 | +0.025% | $1K | $4.0M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 438.27 | +0.030% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.39 | +0.057% | $1.5M | $533K | 10x | as long as short |
| BloFin TSM-USDT | +0.0005% | 8h | 438.38 | +0.055% | $45K | $108K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.24 | +0.023% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.17 | +0.007% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0040% | 1h | 437.71 | −0.098% | $371K | $100K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.86 | −0.064% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.77 | −0.084% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.77 | −0.084% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.80 | −0.078% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.67 | −0.107% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.86 | −0.064% | $266K | $332K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.17 | +0.007% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.11 | −0.007% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.07 | −0.016% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.326% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0367% | 1h | 438.14 | 0.000% | $4 | $13K | 10x | as long as short |
| edgeX TSMUSDC | +0.0493% | 4h | 438.22 | +0.019% | $47K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC