Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Phemex+0.082%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$333as in the Funding arb table
Net, price: spread back to 7d avg − costs−$323as in the Price arb table
costs, in and out, $10k−$3333.328% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.082%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.101% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 441.68 | 0 | get 0.0000% / 8h | 5h 44m | $1.5M | $562K | 10x |
| Short | SunX TSM-USDT | 442.04 | 0 | get 0.0000% / 8h | 5h 44m | $1K | $3.8M | 10x |
Phemex TSMUSDT
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phemex. 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: +0.082% → −0.020%
- $10.12
- Slippage, 4 orders
- −$312.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$322.67
- Costs to cover
- 3.328%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; SunX: live order book, 7 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 Phemex live order book, 1 min ago | 14.15 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 45.29 bp | 127.4 bp −$127 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0801% | 4h | 442.44 | +0.173% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.070% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.28 | +0.136% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.94 | +0.059% | $2.0M | $394K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.18 | +0.113% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.98 | +0.068% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.23 | +0.125% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 442.04 | +0.082% | $1K | $3.8M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 442.18 | +0.113% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 441.68 | long leg | $1.5M | $562K | 10x |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 442.10 | +0.095% | $498K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.07 | +0.088% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.514% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.86 | +0.041% | — | $2K | 25x | as long as short |
| Variational Omni TSM | +0.0049% | 8h | 442.20 | +0.118% | $554K | $44K | — | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.81 | +0.029% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.57 | −0.025% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.86 | +0.041% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.40 | −0.063% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.90 | +0.050% | $268K | $448K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.10 | +0.095% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.88 | +0.044% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0120% | 1h | 442.02 | +0.076% | $1K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0123% | 8h | 442.24 | +0.127% | $13.0M | $8.5M | 20x | as long as short |
| BloFin TSM-USDT | +0.0130% | 8h | 442.20 | +0.118% | $45K | $117K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.43 | +0.170% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0411% | 8h | 442.50 | +0.187% | $8K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0588% | 1h | 441.93 | +0.057% | $97 | $10K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
Variational Omni TSM
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
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Phoenix TSM
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL