Funding you earn now, next payment 04:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h −0.007%
Price spread now: Binance against edgeX+0.077%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.449%+$45 · spread now +0.077%, 7d avg +0.018%
=Together, before fees+0.283%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.059% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% 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 | edgeX TSMUSDC | 443.92 | −0.0469 | get 0.0234% / 4h | 1h 31m | $48K | $217K | 10x |
| Short | Binance TSMUSDT | 444.27 | 0.0047 | get 0.0047% / 8h | 5h 31m | $13.0M | $6.8M | 20x |
edgeX TSMUSDC
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- $108.43
- Price spread: +0.077% → +0.018%
- $5.9
- Slippage, 4 orders
- −$17.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $78.28
- Costs to cover
- 0.360%
- Break-even
- 1.9 days
Slippage from edgeX: live order book, 31 min ago; Binance: live order book, 9 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 edgeX live order book, 31 min ago | 5.19 bp | 9.9 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.79 bp | 6.9 bp −$7 | 16.0 bp −$160 | 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 TSMUSDClong | −0.0469% | 4h | 443.92 | long leg | $48K | $217K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 444.31 | +0.088% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.94 | +0.004% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.19 | +0.060% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.98 | +0.013% | $1.7M | $957K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.96 | +0.008% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.17 | +0.055% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.24 | +0.071% | $899 | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.81 | −0.025% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.35 | +0.096% | $1.5M | $445K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | 444.38 | +0.103% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.17 | +0.056% | $221K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.82 | −0.023% | — | $583 | 25x | as long as short |
| Binance TSMUSDTshort | +0.0047% | 8h | 444.27 | +0.077% | $13.0M | $6.8M | 20x | |
| Extended TSM-USD | +0.0048% | 1h | 444.11 | +0.042% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.70 | −0.050% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.95 | +0.006% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.73 | −0.043% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.66 | −0.059% | $159K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0075% | 8h | 444.26 | +0.076% | $45K | $98K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.68 | −0.055% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.15 | +0.051% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.12 | +0.044% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0143% | 8h | 443.94 | +0.005% | $8K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.145% | $370K | $107K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0178% | 1h | 444.11 | +0.042% | $98 | $24K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.86 | −0.014% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.029% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP