Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against Bitget−0.049%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now −0.049%, 7d avg −0.068%
=The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 447.64 | 0.0031 | pay 0.0031% / 8h | 7h 17m | $1.6M | $1.4M | 20x |
| Short | Gate TSM_USDT | 447.42 | 0 | get 0.0000% / 8h | 7h 17m | $1.7M | $926K | 100x |
Bitget TSMUSDT
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.51
- Price spread: −0.049% → −0.068%
- $1.86
- Slippage, 4 orders
- −$28.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$60.57
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 5 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 | 4.24 bp | 12.0 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.36 bp | 14.6 bp −$15 | 36.8 bp −$368 | 50.3 bp −$5,028 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.154% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0006% | 8h | 447.58 | −0.013% | $44K | $101K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.62 | −0.004% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.60 | −0.008% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.72 | +0.017% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.37 | −0.060% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.49 | −0.034% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 447.42 | −0.049% | $1.7M | $926K | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 447.80 | +0.035% | $555K | $84K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.71 | +0.016% | $2K | $4.9M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSM
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 447.70 | +0.013% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.73 | +0.020% | $1.5M | $453K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0018% | 1h | 447.58 | −0.013% | $98 | $32K | 10x | as long as short |
| Bitget TSMUSDTlong | +0.0031% | 8h | 447.64 | long leg | $1.6M | $1.4M | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 447.69 | +0.011% | $224K | $648K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.53 | −0.025% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.37 | −0.060% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.49 | −0.034% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.30 | −0.076% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.06 | −0.130% | $157K | $21K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0080% | 8h | 447.70 | +0.014% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.35 | −0.065% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.60 | −0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.62 | −0.005% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.58 | −0.013% | $218K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.0182% | 4h | 447.74 | +0.022% | $48K | $216K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.117% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0288% | 1h | 448.31 | +0.150% | $506K | $167K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Deribit TSM_USDC-PERPETUAL
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
edgeX TSMUSDC
Injective TSM/USDC PERP
Lighter TSM