Funding you earn now, next payment 04:00 UTC+0.0274%/8h= +30.1% APRpaid last 24h +0.055%
Price spread now: edgeX against Binance+0.008%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 2 days (all we have)−0.037%−$4 · spread now +0.008%, 7d avg +0.001%
=Together, before fees+0.103%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 444.39 | 0.0016 | pay 0.0016% / 8h | 6h 20m | $13.1M | $6.9M | 20x |
| Short | edgeX TSMUSDC | 444.43 | 0.0290 | get 0.0145% / 4h | 2h 20m | $48K | $216K | 10x |
Binance TSMUSDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $57.63
- Price spread: +0.008% → +0.001%
- $0.71
- Slippage, 4 orders
- −$21.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $17.75
- Costs to cover
- 0.406%
- Break-even
- 4.8 days
Slippage from Binance: live order book, 5 min ago; edgeX: live order book, 46 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, 5 min ago | 0.22 bp | 10.2 bp −$10 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 46 min ago | 5.36 bp | 10.0 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
TSM on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.48 | +0.020% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.16 | −0.052% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.31 | −0.018% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.16 | −0.052% | $1.7M | $985K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.38 | −0.002% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.30 | −0.021% | $550K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.37 | −0.005% | $984 | $4.6M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.38 | −0.002% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.35 | −0.009% | $1.5M | $455K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0016% | 8h | 444.39 | long leg | $13.1M | $6.9M | 20x |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0016% | 1h | 444.27 | −0.028% | $4K | $197K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | −0.020% | $371K | $105K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.32 | −0.016% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.93 | −0.104% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.83 | −0.126% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.15 | −0.054% | $197K | $48K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.90 | −0.110% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.13 | −0.059% | $160K | $25K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.12 | −0.061% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.29 | −0.023% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.34 | −0.012% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0137% | 8h | 444.44 | +0.011% | $7K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.11 | −0.063% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.148% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDCshort | +0.0290% | 4h | 444.43 | +0.008% | $48K | $216K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0358% | 1h | 444.28 | −0.025% | $4 | $23K | 10x | as long as short |
| Lighter TSM | +0.0368% | 1h | 444.94 | +0.124% | $502K | $170K | 10x | as long as short |
Extended TSM-USD
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM