Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.002%
Price spread now: tradeXYZ against Bitget−0.100%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now −0.100%, 7d avg −0.126%
=Together, before fees−0.002%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.026% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.126%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% 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 | Bitget TSMUSDT | 439.68 | −0.0147 | get 0.0147% / 8h | 35m 56s | $1.7M | $1.5M | 20x |
| Short | tradeXYZ xyz:TSM | 439.24 | 0.0050 | get 0.0006% / 1h | 35m 56s | $10.1M | $1.8M | 10x |
Bitget TSMUSDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $41.37
- Price spread: −0.100% → −0.126%
- $2.58
- Slippage, 4 orders
- −$16.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$2.82
- Costs to cover
- 0.468%
- Break-even
- 7.5 days
Slippage from Bitget: live order book, 1 min ago; tradeXYZ: 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 Bitget live order book, 1 min ago | 4.32 bp | 11.0 bp −$11 | 22.2 bp −$222 | 51.1 bp −$5,106 | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.68 bp | 11.1 bp −$11 | doesn't fit | 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 TSMUSDC | −0.0329% | 4h | 439.74 | +0.013% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDTlong | −0.0147% | 8h | 439.68 | long leg | $1.7M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 441.24 | +0.354% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.34 | −0.077% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.69 | +0.002% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.49 | −0.043% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.61 | −0.015% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.69 | +0.002% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.84 | +0.036% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.69 | +0.230% | $1.5M | $528K | 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 | 439.78 | +0.023% | $496K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.46 | −0.050% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.26 | −0.096% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 439.24 | −0.100% | $10.1M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.46 | −0.050% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.23 | −0.102% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.43 | −0.057% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.080% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 439.72 | +0.010% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.60 | −0.018% | $8K | $199K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.71 | +0.007% | $6K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0082% | 8h | 439.90 | +0.050% | $45K | $106K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.36 | −0.073% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.68 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.62 | −0.015% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.52 | −0.036% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.987% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0592% | 1h | 439.62 | −0.014% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
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