Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.7% APRnext payment −$1.52 per $10,000 · paid last 24h +0.007%
Price spread now: Bitget against Binance+0.045%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.045%, 7d avg +0.005%
=The price spread pays, funding is against you. Bitget is 0.041% dearer against Binance than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.294%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 441.69 | 0.0070 | pay 0.0070% / 8h | 3h 58m | $12.9M | $7.3M | 20x |
| Short | Bitget TSMUSDT | 441.89 | −0.0082 | pay 0.0082% / 8h | 3h 58m | $1.8M | $1.5M | 20x |
Binance TSMUSDT
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$31.98
- Price spread: +0.045% → +0.005%
- $4.07
- Slippage, 4 orders
- −$17.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$67.65
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 3 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 Binance live order book, 12 min ago | 0.23 bp | 8.3 bp −$8 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.74 bp | 10.0 bp −$10 | 18.6 bp −$186 | 48.1 bp −$4,808 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0207% | 4h | 441.59 | −0.022% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDTshort | −0.0082% | 8h | 441.89 | +0.045% | $1.8M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 441.98 | +0.065% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.49 | −0.045% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.63 | −0.014% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.39 | −0.068% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.61 | −0.017% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.69 | 0.000% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.65 | −0.009% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.67 | −0.005% | $1.5M | $474K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX 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 | 441.63 | −0.014% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.61 | −0.018% | $223K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.18 | −0.115% | — | $583 | 25x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 441.76 | +0.016% | $45K | $99K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.30 | −0.088% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.28 | −0.093% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.23 | −0.104% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.00 | −0.156% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0070% | 8h | 441.69 | long leg | $12.9M | $7.3M | 20x | |
| Extended TSM-USD | +0.0072% | 1h | 441.55 | −0.031% | $6K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.204% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.42 | −0.061% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.62 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.57 | −0.027% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0105% | 8h | 441.79 | +0.023% | $10K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.33 | −0.082% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 446.02 | +0.980% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0384% | 1h | 441.60 | −0.020% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL