Funding you earn now, next payment 08:00 UTC−0.0261%/8h= −28.6% APRpaid last 24h −0.020%
Price spread now: GRVT against edgeX+0.005%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.005%, 7d avg +0.018%
=Together, before fees+0.136%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.104%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% 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 | 439.75 | 0.0331 | pay 0.0165% / 4h | 38m 17s | $47K | $216K | 10x |
| Short | GRVT TSM_USDT_Perp | 439.78 | 0.0070 | get 0.0070% / 8h | 38m 17s | $6K | $1.3M | 10x |
edgeX TSMUSDC
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$54.77
- Price spread: +0.005% → +0.018%
- −$1.27
- Slippage, 4 orders
- −$31.48
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$105.52
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 64 min ago; GRVT: live order book, 5 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, 64 min ago | 5.69 bp | 10.4 bp −$10 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 2.05 bp | 15.5 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0152% | 8h | 439.77 | +0.004% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.28 | +0.347% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.33 | −0.096% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.75 | −0.001% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.57 | −0.042% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.82 | +0.016% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.78 | +0.006% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | −0.042% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.78 | +0.234% | $1.5M | $528K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.71 | −0.010% | $496K | $188K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.47 | −0.064% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.31 | −0.101% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 439.77 | +0.004% | $45K | $106K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.21 | −0.123% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.45 | −0.069% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.22 | −0.121% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.55 | −0.046% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.096% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 439.79 | +0.008% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.62 | −0.030% | $4K | $189K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0070% | 8h | 439.78 | +0.005% | $6K | $1.3M | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.41 | −0.078% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.66 | −0.021% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.70 | −0.012% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.59 | −0.037% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.970% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDClong | +0.0331% | 4h | 439.75 | long leg | $47K | $216K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0638% | 1h | 439.67 | −0.019% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL