Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.001%
Price spread now: Coinbase International against SunX−0.007%7-day average −0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs−$284as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2682.683% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 3 days (all we have)−0.045%−$5 · spread now −0.007%, 7d avg −0.211%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.204% dearer against SunX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.211%. Mind the row above: over the last 7 days funding on this pair cost −0.152%, 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 | SunX TSM-USDT | 444.33 | 0 | get 0.0000% / 8h | 6h 16m | $1K | $4.5M | 10x |
| Short | Coinbase International TSM-PERP-INTX | 444.30 | 0.0016 | get 0.0002% / 1h | 16m 15s | $371K | $105K | 10x |
SunX TSM-USDT
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SunX. 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
- $3.36
- Price spread: −0.007% → −0.211%
- $20.41
- Slippage, 4 orders
- −$250.3
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$244.53
- Costs to cover
- 2.683%
- Break-even
- 516.4 days
Slippage from SunX: live order book, 12 min ago; Coinbase International: live order book, 52 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 SunX live order book, 12 min ago | 45.55 bp | 123.9 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 52 min ago | 3.13 bp | 8.7 bp −$9 | 12.7 bp −$127 | doesn't fit | doesn't fit |
TSM on 27 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 | 444.35 | +0.003% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.09 | −0.054% | $2.0M | $387K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.15 | −0.041% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.06 | −0.061% | $1.7M | $986K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.43 | +0.023% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.30 | −0.007% | $550K | $82K | — | as long as short |
| SunX TSM-USDTlong | 0.0000% | 8h | 444.33 | long leg | $1K | $4.5M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 444.16 | −0.038% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.38 | +0.011% | $1.5M | $446K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0016% | 1h | 444.30 | −0.007% | $371K | $105K | 10x |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TSMUSDT | +0.0020% | 8h | 444.29 | −0.009% | $13.1M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0024% | 1h | 444.24 | −0.021% | $4K | $197K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.21 | −0.027% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.90 | −0.097% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.82 | −0.115% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.02 | −0.070% | $197K | $48K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.82 | −0.115% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.75 | −0.131% | $160K | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.00 | −0.074% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.29 | −0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.21 | −0.027% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0140% | 8h | 444.34 | +0.003% | $9K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.14 | −0.043% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.161% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0348% | 4h | 444.28 | −0.012% | $48K | $216K | 10x | as long as short |
| Lighter TSM | +0.0376% | 1h | 444.77 | +0.099% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0561% | 1h | 444.09 | −0.054% | $98 | $24K | 10x | as long as short |
Binance TSMUSDT
Extended TSM-USD
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
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Lighter TSM
Deribit TSM_USDC-PERPETUAL