Funding you earn now, next payment 04:00 UTC+0.0556%/8h= +60.8% APRpaid last 24h −0.013%
Price spread now: Bybit against edgeX−0.025%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.025%, 7d avg −0.034%
=Together, before fees+0.164%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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 | 443.73 | −0.0556 | get 0.0278% / 4h | 1h 37m | $48K | $216K | 10x |
| Short | Bybit TSMUSDT | 443.62 | 0 | get 0.0000% / 8h | 5h 37m | $2.0M | $391K | 50x |
edgeX TSMUSDC
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $116.66
- Price spread: −0.025% → −0.034%
- $0.91
- Slippage, 4 orders
- −$24.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $72.73
- Costs to cover
- 0.448%
- Break-even
- 2.6 days
Slippage from edgeX: live order book, 24 min ago; Bybit: live order book, 4 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, 24 min ago | 5.19 bp | 9.9 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.92 bp | 12.9 bp −$13 | 53.9 bp −$539 | 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 | −0.0556% | 4h | 443.73 | long leg | $48K | $216K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 444.12 | +0.087% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 443.62 | −0.025% | $2.0M | $391K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.80 | +0.015% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.68 | −0.012% | $1.7M | $954K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.86 | +0.029% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.70 | −0.008% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.92 | +0.042% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.85 | +0.027% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.90 | +0.038% | $1.5M | $441K | 10x | 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 TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 444.06 | +0.074% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.83 | +0.022% | $221K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.66 | −0.016% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.75 | +0.004% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.45 | −0.064% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.60 | −0.030% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.43 | −0.068% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.66 | −0.016% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0051% | 8h | 443.87 | +0.031% | $13.0M | $6.8M | 20x | as long as short |
| BloFin TSM-USDT | +0.0076% | 8h | 443.79 | +0.013% | $45K | $98K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.41 | −0.073% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.84 | +0.024% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.87 | +0.030% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.102% | $370K | $107K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0168% | 8h | 443.83 | +0.022% | $8K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.67 | −0.014% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.072% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0246% | 1h | 443.76 | +0.006% | $98 | $24K | 10x | 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
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL