Funding you earn now, next payment 00:00 UTC+0.0774%/8h= +84.7% APRpaid last 24h −0.003%
Price spread now: Bitget against edgeX−0.020%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.020%, 7d avg +0.023%
=Together, before fees+0.226%+ Points / potential airdropedgeX: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.043% cheaper against edgeX than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.023%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.168% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% 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 | 444.96 | −0.0774 | get 0.0387% / 4h | 2h 28m | $48K | $215K | 10x |
| Short | Bitget TSMUSDT | 444.87 | 0 | get 0.0000% / 8h | 2h 28m | $1.6M | $1.5M | 20x |
edgeX TSMUSDC
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $162.52
- Price spread: −0.020% → +0.023%
- −$4.29
- Slippage, 4 orders
- −$30.81
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $106.43
- Costs to cover
- 0.518%
- Break-even
- 2.4 days
Slippage from edgeX: live order book, 58 min ago; Bitget: 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 edgeX live order book, 58 min ago | 6.30 bp | 11.0 bp −$11 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.82 bp | 11.6 bp −$12 | 19.1 bp −$191 | 52.5 bp −$5,252 | 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 | −0.0774% | 4h | 444.96 | long leg | $48K | $215K | 10x | |
| BloFin TSM-USDT | −0.0026% | 8h | 444.98 | +0.005% | $44K | $104K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.95 | −0.003% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.98 | +0.006% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.02 | +0.014% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.65 | −0.069% | $2.0M | $418K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.96 | +0.001% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.74 | −0.049% | $1.7M | $920K | 100x | as long as short |
| Bitget TSMUSDTshort | 0.0000% | 8h | 444.87 | −0.020% | $1.6M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 444.90 | −0.012% | $551K | $85K | — | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.99 | +0.007% | $17K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.01 | +0.012% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.78 | −0.040% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.93 | −0.006% | $1.5M | $463K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.080% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.14 | +0.041% | $201K | $661K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.84 | −0.026% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.70 | −0.058% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.78 | −0.040% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.70 | −0.058% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.78 | −0.040% | $159K | $20K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0087% | 1h | 444.98 | +0.005% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.51 | −0.101% | $270K | $341K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.97 | +0.003% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.70 | −0.057% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.80 | −0.035% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.271% | $7K | $39K | 12x | as long as short |
| Lighter TSM | +0.0624% | 1h | 445.86 | +0.203% | $503K | $159K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM