Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.003%
Price spread now: edgeX against Bitget+0.014%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.014%, 7d avg −0.023%
=Together, before fees−0.220%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.038% dearer against Bitget than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.023%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.168% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 444.88 | 0 | get 0.0000% / 8h | 2h 22m | $1.6M | $1.5M | 20x |
| Short | edgeX TSMUSDC | 444.94 | −0.0018 | pay 0.0009% / 4h | 2h 22m | $48K | $214K | 10x |
Bitget TSMUSDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- −$3.71
- Price spread: +0.014% → −0.023%
- $3.75
- Slippage, 4 orders
- −$32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$52.96
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 64 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 Bitget live order book, 4 min ago | 4.05 bp | 16.4 bp −$16 | 26.9 bp −$269 | 61.4 bp −$6,137 | doesn't fit |
| Sell edgeX live order book, 64 min ago | 6.30 bp | 10.9 bp −$11 | 13.6 bp −$136 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDCshort | −0.0018% | 4h | 444.94 | +0.014% | $48K | $214K | 10x | |
| BloFin TSM-USDT | −0.0013% | 8h | 445.00 | +0.027% | $44K | $104K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.99 | +0.025% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.91 | +0.006% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 444.96 | +0.017% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.64 | −0.054% | $2.0M | $418K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.82 | −0.013% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.73 | −0.034% | $1.7M | $920K | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 444.88 | long leg | $1.6M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 444.91 | +0.007% | $551K | $85K | — | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.99 | +0.025% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.94 | +0.013% | $2K | $5.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 444.97 | +0.020% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.54 | −0.076% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.90 | +0.004% | $1.5M | $463K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.063% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.12 | +0.054% | $201K | $661K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.86 | −0.004% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.73 | −0.034% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.78 | −0.022% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.63 | −0.056% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.76 | −0.027% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.66 | −0.049% | $270K | $339K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.93 | +0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.16 | +0.064% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.91 | +0.007% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.289% | $7K | $39K | 12x | as long as short |
| Lighter TSM | +0.0648% | 1h | 445.89 | +0.227% | $503K | $161K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
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
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM