Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%
Price spread now: Bybit against tradeXYZ+0.048%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now +0.048%, 7d avg +0.078%
=Together, before fees−0.060%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 440.12 | 0.0050 | pay 0.0006% / 1h | 39m 11s | $10.2M | $2.1M | 10x |
| Short | Bybit TSMUSDT | 440.33 | 0 | get 0.0000% / 8h | 3h 39m | $2.0M | $399K | 50x |
tradeXYZ xyz:TSM
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.5
- Price spread: +0.048% → +0.078%
- −$3.07
- Slippage, 4 orders
- −$18.37
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.94
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Bybit: live order book, 2 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 tradeXYZ live order book, 9 min ago | 0.79 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.91 bp | 13.8 bp −$14 | 64.7 bp −$647 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0155% | 8h | 440.60 | +0.109% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.08 | +0.217% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 440.33 | +0.048% | $2.0M | $399K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.54 | +0.095% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.36 | +0.055% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.54 | +0.096% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.60 | +0.109% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.50 | +0.086% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.75 | +0.143% | $1.5M | $479K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.54 | +0.095% | $496K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.31 | +0.043% | $223K | $669K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.97 | −0.034% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 440.12 | long leg | $10.2M | $2.1M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.38 | +0.059% | $192K | $58K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.10 | −0.005% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.66 | +0.123% | $157K | $22K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.34 | +0.050% | $2K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 440.54 | +0.096% | $12.9M | $7.4M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0082% | 8h | 440.60 | +0.108% | $13K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | +0.152% | $368K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0094% | 8h | 440.59 | +0.107% | $45K | $99K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.11 | −0.002% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.39 | +0.061% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.49 | +0.083% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.57 | +0.102% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.60 | +1.245% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0596% | 4h | 440.68 | +0.128% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0773% | 1h | 440.37 | +0.057% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL