Funding you earn now, next payment 04:00 UTC+0.0625%/8h= +68.4% APRpaid last 24h −0.013%
Price spread now: Gate against edgeX−0.069%52s7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as 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−$570.568% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.069%, 7d avg −0.055%
=Together, before fees+0.158%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. The two prices were read 52 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 0.083% in total (about 4.3% 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 | 442.06 | −0.0625 | get 0.0312% / 4h | 46m 39s | $48K | $217K | 10x |
| Short | Gate TSM_USDT | 441.76 | 0 | get 0.0000% / 8h | 4h 46m | $1.7M | $967K | 100x |
edgeX TSMUSDC
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $131.17
- Price spread: −0.069% → −0.055%
- −$1.39
- Slippage, 4 orders
- −$32.76
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $73.03
- Costs to cover
- 0.568%
- Break-even
- 3.1 days
Slippage from edgeX: live order book, 10 min ago; Gate: live order book, 1 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, 10 min ago | 6.11 bp | 10.8 bp −$11 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 5.32 bp | 21.0 bp −$21 | 38.4 bp −$384 | 53.0 bp −$5,305 | 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 | −0.0625% | 4h | 442.06 | long leg | $48K | $217K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 442.44 | +0.086% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.70 | −0.082% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.98 | −0.019% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 441.76 | −0.069% | $1.7M | $967K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 442.14 | +0.017% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 442.25 | +0.043% | $548K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.15 | +0.020% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.98 | −0.019% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.92 | +0.194% | $1.5M | $454K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 442.17 | +0.024% | $498K | $175K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.87 | −0.044% | $220K | $642K | 10x | as long as short |
| BloFin TSM-USDT | +0.0040% | 8h | 442.31 | +0.056% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.72 | −0.078% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.52 | −0.123% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.81 | −0.057% | $194K | $52K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.72 | −0.078% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.74 | −0.073% | $158K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 441.94 | −0.028% | $3K | $188K | 10x | as long as short |
| Binance TSMUSDT | +0.0060% | 8h | 442.08 | +0.003% | $13.0M | $6.9M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.64 | −0.096% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.91 | −0.035% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.06 | −0.001% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 442.22 | +0.036% | $6K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 441.85 | −0.048% | $368K | $108K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.94 | −0.028% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.273% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0679% | 1h | 441.95 | −0.026% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL