Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: HTX against tradeXYZ+0.066%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
=The price spread pays, funding is against you. HTX is 0.066% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.09 | 0.0050 | pay 0.0006% / 1h | 30m 53s | $10.1M | $1.8M | 10x |
| Short | HTX TSM-USDT | 439.38 | 0 | get 0.0000% / 8h | 30m 53s | $9K | $8K | 20x |
tradeXYZ xyz:TSM
HTX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.066% → 0.000%
- $6.6
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$33.9
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 8 min ago; HTX: 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, 8 min ago | 0.68 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 | −0.0904% | 4h | 439.56 | +0.107% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0136% | 8h | 439.69 | +0.137% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.37 | +0.519% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.57 | +0.109% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.84 | +0.171% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.47 | +0.087% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.61 | +0.119% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.65 | +0.128% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDTshort | 0.0000% | 8h | 439.38 | +0.066% | $9K | $8K | 20x | |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.360% | $1.5M | $529K | 10x | 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
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 439.64 | +0.125% | $496K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.37 | +0.064% | $220K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | +0.046% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.09 | long leg | $10.1M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.45 | +0.082% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.16 | +0.016% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.10 | +0.002% | $158K | $28K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | +0.055% | $366K | $97K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.80 | +0.162% | $3K | $221K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 439.92 | +0.189% | $12.9M | $8.0M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 439.52 | +0.099% | $6K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0086% | 8h | 439.64 | +0.125% | $45K | $107K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.35 | +0.059% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.60 | +0.116% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.57 | +0.109% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.38 | +0.066% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.123% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0934% | 1h | 439.61 | +0.118% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL