Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.68 per $10,000 · paid last 24h −0.006%
Price spread now: Gate against Binance−0.025%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now −0.025%, 7d avg −0.063%
=The price spread pays, funding is against you. Gate is 0.039% dearer against Binance than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.063%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.250%, 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 | 439.55 | 0.0068 | pay 0.0068% / 8h | 1h 36m | $12.9M | $7.8M | 20x |
| Short | Gate TSM_USDT | 439.44 | 0 | get 0.0000% / 8h | 1h 36m | $1.7M | $1.1M | 100x |
Binance TSMUSDT
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$14.28
- Price spread: −0.025% → −0.063%
- $3.86
- Slippage, 4 orders
- −$27.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$62.47
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 1 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, 4 min ago | 1.48 bp | 9.6 bp −$10 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 5.69 bp | 17.6 bp −$18 | 34.3 bp −$343 | 49.1 bp −$4,915 | 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 | −0.0885% | 4h | 439.63 | +0.018% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0213% | 8h | 440.03 | +0.109% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.32 | −0.053% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.34 | −0.047% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.46 | −0.020% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 439.44 | −0.025% | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | +0.002% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.65 | +0.023% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.64 | +0.021% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.71 | +0.264% | $1.5M | $514K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 439.54 | −0.002% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.33 | −0.050% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.24 | −0.070% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.050% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.90 | −0.148% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.37 | −0.041% | $192K | $64K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.19 | −0.082% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.57 | +0.005% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.53 | −0.004% | $3K | $176K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0068% | 8h | 439.55 | long leg | $12.9M | $7.8M | 20x | |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.64 | +0.022% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0080% | 8h | 439.79 | +0.055% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.92 | −0.143% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.48 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.55 | 0.000% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.53 | −0.004% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.170% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0798% | 1h | 439.50 | −0.011% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
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