Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: SunX against tradeXYZ+0.110%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2752.753% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.110%, 7d avg +0.088%
=Together, before fees−0.319%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.021% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.088%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 437.44 | 0.0050 | pay 0.0006% / 1h | 33m 56s | $10.0M | $1.9M | 10x |
| Short | SunX TSM-USDT | 437.92 | 0 | get 0.0000% / 8h | 7h 33m | $2K | $4.0M | 10x |
tradeXYZ xyz:TSM
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.110% → +0.088%
- $2.13
- Slippage, 4 orders
- −$249.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$283.63
- Costs to cover
- 2.753%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; SunX: live order book, 4 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, 3 min ago | 0.34 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 44.84 bp | 127.0 bp −$127 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0021% | 8h | 438.09 | +0.149% | $45K | $108K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.39 | +0.217% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 437.95 | +0.116% | $3K | $216K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 438.01 | +0.129% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.88 | +0.101% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.74 | +0.069% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.86 | +0.096% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.89 | +0.103% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.15 | +0.163% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.27 | +0.190% | $13K | $1.3M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDTshort | 0.0000% | 8h | 437.92 | +0.110% | $2K | $4.0M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 438.21 | +0.176% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 437.85 | +0.094% | $1.5M | $534K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.74 | +0.069% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 437.99 | +0.126% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.70 | +0.059% | $371K | $101K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.73 | +0.066% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 437.44 | long leg | $10.0M | $1.9M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.54 | +0.023% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.70 | +0.059% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.67 | +0.053% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.75 | +0.071% | $265K | $335K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.08 | +0.146% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.97 | +0.122% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.98 | +0.123% | $208K | $10K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0161% | 1h | 437.97 | +0.121% | $4 | $13K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.488% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0493% | 4h | 438.22 | +0.179% | $47K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
Injective TSM/USDC PERP
edgeX TSMUSDC