Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.014%
Price spread now: Coinbase International against SoDEX−0.107%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.107% cheaper against SoDEX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 447.43 | 0.0050 | pay 0.0006% / 1h | 22m 23s | $146 | $3K | 10x |
| Short | Coinbase International TSM-PERP-INTX | 446.95 | −0.0024 | pay 0.0003% / 1h | 22m 23s | $358K | $101K | 10x |
SoDEX TSM-USD
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SoDEX. 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
- −$15.54
- Price spread: −0.107% → 0.000%
- −$10.73
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$44.27
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 51 min ago. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 51 min ago | 1.57 bp | 6.6 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0677% | 4h | 447.84 | +0.092% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | −0.0024% | 1h | 446.95 | −0.107% | $358K | $101K | 10x | |
| BloFin TSM-USDT | −0.0011% | 8h | 447.66 | +0.051% | $44K | $101K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.63 | +0.045% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.70 | +0.061% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.79 | +0.080% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.52 | +0.020% | $2.0M | $412K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.73 | +0.067% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.48 | +0.011% | $1.7M | $925K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.92 | +0.110% | $555K | $84K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.78 | +0.078% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.95 | +0.116% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.77 | +0.076% | $1.5M | $455K | 10x | as long as short |
| Bitget TSMUSDT | +0.0031% | 8h | 447.64 | +0.047% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.80 | +0.083% | $224K | $648K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.67 | +0.054% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.43 | 0.000% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.56 | +0.029% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 447.43 | long leg | $146 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.28 | −0.034% | $158K | $21K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 448.04 | +0.136% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.43 | 0.000% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.72 | +0.065% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.73 | +0.067% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.90 | +0.105% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.164% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0242% | 1h | 447.62 | +0.042% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0280% | 1h | 448.38 | +0.212% | $506K | $167K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Bitget TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM