Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%
Price spread now: tradeXYZ against OKX−0.081%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.081%, 7d avg −0.073%
=Together, before fees+0.153%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 444.04 | 0 | get 0.0000% / 8h | 5h 21m | $4.0M | $2.4M | 20x |
| Short | tradeXYZ xyz:TSM | 443.68 | 0.0050 | get 0.0006% / 1h | 21m 17s | $10.2M | $2.3M | 10x |
OKX TSM-USDT-SWAP
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.081% → −0.073%
- −$0.78
- Slippage, 4 orders
- −$16.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$34.32
- Costs to cover
- 0.440%
- Break-even
- 29.9 days
Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago | 0.90 bp | 9.5 bp −$10 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.01 bp | 12.8 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0056% | 4h | 443.94 | −0.023% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.25 | +0.048% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.80 | −0.054% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 444.04 | long leg | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 443.92 | −0.027% | $1.7M | $958K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.12 | +0.018% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.96 | −0.017% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.17 | +0.029% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.92 | −0.027% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.16 | +0.027% | $1.5M | $445K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 444.33 | +0.065% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.04 | 0.000% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 444.01 | −0.008% | $1K | $191K | 10x | as long as short |
| Binance TSMUSDT | +0.0033% | 8h | 444.13 | +0.019% | $13.0M | $6.8M | 20x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 444.16 | +0.027% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.83 | −0.047% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 443.68 | −0.081% | $10.2M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.86 | −0.041% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.79 | −0.056% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.38 | −0.149% | $159K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0086% | 8h | 444.05 | +0.002% | $9K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.70 | −0.077% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.95 | −0.020% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | +0.005% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.171% | $370K | $107K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0178% | 1h | 444.03 | −0.002% | $4 | $24K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 444.01 | −0.007% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.002% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Vest TSM-USD-PERP
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
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP