Funding you earn now, next payment 12:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.079%
Price spread now: edgeX against Bybit+0.081%71s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.081%, 7d avg +0.035%
=Together, before fees−0.130%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% 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 | Bybit TSMUSDT | 439.67 | 0 | get 0.0000% / 8h | 7h 00m | $2.0M | $402K | 50x |
| Short | edgeX TSMUSDC | 440.03 | 0.0273 | get 0.0136% / 4h | 3h 00m | $47K | $217K | 10x |
Bybit TSMUSDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- $57.26
- Price spread: +0.081% → +0.035%
- $4.66
- Slippage, 4 orders
- −$33.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $8.31
- Costs to cover
- 0.536%
- Break-even
- 6.0 days
Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 32 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 Bybit live order book, 1 min ago | 2.27 bp | 17.8 bp −$18 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 32 min ago | 6.40 bp | 11.1 bp −$11 | 13.7 bp −$137 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 439.82 | +0.033% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 439.67 | long leg | $2.0M | $402K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.98 | +0.071% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.81 | +0.032% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.03 | +0.082% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.05 | +0.087% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.20 | +0.121% | $2K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.111% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.31 | +0.146% | $1.5M | $543K | 10x | as long as short |
| BloFin TSM-USDT | +0.0023% | 8h | 440.16 | +0.111% | $45K | $110K | 20x | as long as short |
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0024% | 1h | 439.91 | +0.055% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0025% | 8h | 440.07 | +0.090% | $12.9M | $8.3M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.76 | +0.020% | $495K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.82 | +0.034% | $196K | $754K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 439.24 | −0.098% | $371K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.38 | −0.066% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.48 | −0.043% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.54 | −0.030% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.78 | +0.025% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.48 | −0.043% | $158K | $27K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.46 | −0.048% | $267K | $369K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.93 | +0.059% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.11 | +0.100% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.51 | −0.036% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.973% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0245% | 8h | 439.98 | +0.070% | $4K | $1.3M | 10x | as long as short |
| edgeX TSMUSDCshort | +0.0273% | 4h | 440.03 | +0.081% | $47K | $217K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0500% | 1h | 440.09 | +0.096% | $4 | $13K | 10x | as long as short |
Extended TSM-USD
Binance TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
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
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL