Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.016%
Price spread now: Aevo against tradeXYZ+0.079%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aevo is 0.079% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.08 | −0.0022 | get 0.0003% / 1h | 57m 15s | $10.1M | $1.8M | 10x |
| Short | Aevo TSM-PERP | 439.43 | 0.0104 | get 0.0013% / 1h | 57m 15s | $123 | — | 10x |
tradeXYZ xyz:TSM
Aevo TSM-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against tradeXYZ. 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
- $26.55
- Price spread: +0.079% → 0.000%
- $7.87
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $0.42
- Costs to cover
- 0.340%
- Break-even
- 6.9 days
Slippage unknown: tradeXYZ: live order book, 11 min ago; Aevo: no order-book sample. 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 tradeXYZ live order book, 11 min ago | 0.91 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | −0.0951% | 4h | 439.73 | +0.147% | $47K | $215K | 10x | as long as short |
| Bitget TSMUSDT | −0.0167% | 8h | 439.83 | +0.171% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSMlong | −0.0022% | 1h | 439.08 | long leg | $10.1M | $1.8M | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 439.60 | +0.117% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.44 | +0.082% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.51 | +0.098% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.36 | +0.064% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.72 | +0.145% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.57 | +0.112% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.71 | +0.143% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 440.45 | +0.312% | $1.5M | $525K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.53 | +0.102% | $495K | $185K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.41 | +0.075% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | +0.048% | — | $2K | 25x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0046% | 1h | 439.45 | +0.084% | $4 | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.36 | +0.064% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.29 | +0.048% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.18 | +0.023% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | +0.057% | $366K | $99K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 439.58 | +0.114% | $12.9M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.42 | +0.079% | $3K | $145K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 439.82 | +0.168% | $6K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0084% | 8h | 439.60 | +0.118% | $45K | $106K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.21 | +0.030% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.48 | +0.091% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPshort | +0.0104% | 1h | 439.43 | +0.079% | $123 | — | 10x | |
| Phoenix TSM | +0.0164% | 1h | 439.57 | +0.112% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.18 | +1.162% | $6K | $38K | 12x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Deribit TSM_USDC-PERPETUAL
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Phoenix TSM
Injective TSM/USDC PERP