Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.003%
Price spread now: Gate against Coinbase International+0.211%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.211%, 7d avg +0.149%
=The price spread pays, funding is against you. Gate is 0.062% dearer against Coinbase International than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of +0.149%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.140%, 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 | Coinbase International TSM-PERP-INTX | 440.03 | 0.0072 | pay 0.0009% / 1h | 55m 36s | $367K | $102K | 10x |
| Short | Gate TSM_USDT | 440.96 | 0 | get 0.0000% / 8h | 2h 55m | $1.7M | $1.1M | 100x |
Coinbase International TSM-PERP-INTX
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Coinbase International. 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
- −$15.12
- Price spread: +0.211% → +0.149%
- $6.24
- Slippage, 4 orders
- −$25.59
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$59.48
- Costs to cover
- 0.506%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 57 min ago; Gate: live order book, 2 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 Coinbase International live order book, 57 min ago | 3.06 bp | 8.5 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 6.01 bp | 17.0 bp −$17 | 40.5 bp −$405 | 58.5 bp −$5,851 | 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 | −0.0438% | 4h | 440.92 | +0.202% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0199% | 8h | 440.92 | +0.202% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.19 | +0.264% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.95 | +0.209% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.14 | +0.252% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 440.96 | +0.211% | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 441.18 | +0.262% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.25 | +0.277% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.11 | +0.245% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.37 | +0.305% | $1.5M | $495K | 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 | 441.03 | +0.227% | $497K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.09 | +0.241% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.83 | +0.182% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.77 | +0.168% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.91 | +0.200% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.67 | +0.145% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.96 | +0.211% | $157K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0060% | 8h | 441.07 | +0.236% | $45K | $102K | 20x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 441.14 | +0.252% | $12.9M | $7.6M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.02 | +0.225% | $6K | $196K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.89 | +0.196% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0072% | 1h | 440.03 | long leg | $367K | $102K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.81 | +0.177% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.22 | +0.270% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.17 | +0.260% | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0113% | 1h | 441.14 | +0.252% | $4 | $24K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.79 | +0.173% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.33 | +1.204% | $6K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP