Funding you earn now, next payment 12:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h −0.079%
Price spread now: HTX against edgeX+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and HTX is 0.040% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 438.44 | −0.0884 | get 0.0442% / 4h | 3h 41m | $47K | $217K | 10x |
| Short | HTX TSM-USDT | 438.61 | 0 | get 0.0000% / 8h | 7h 41m | $9K | $8K | 20x |
edgeX TSMUSDC
HTX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $185.56
- Price spread: +0.040% → 0.000%
- $3.97
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $168.53
- Costs to cover
- 0.210%
- Break-even
- 0.6 days
Slippage unknown: edgeX: live order book, 56 min ago; HTX: no order-book sample. Net counts fees only.
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, 56 min ago | 5.80 bp | 10.5 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0884% | 4h | 438.44 | long leg | $47K | $217K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 438.39 | −0.010% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.99 | −0.102% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.15 | −0.065% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.98 | −0.104% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.17 | −0.061% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.28 | −0.035% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.41 | −0.006% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.26 | −0.040% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDTshort | 0.0000% | 8h | 438.61 | +0.040% | $9K | $8K | 20x |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 438.48 | +0.010% | $1.5M | $532K | 10x | as long as short |
| Binance TSMUSDT | +0.0008% | 8h | 438.24 | −0.045% | $12.8M | $8.2M | 20x | as long as short |
| Extended TSM-USD | +0.0008% | 1h | 438.15 | −0.065% | $3K | $219K | 10x | as long as short |
| BloFin TSM-USDT | +0.0018% | 8h | 438.16 | −0.063% | $45K | $108K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.17 | −0.061% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.16 | −0.063% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 438.04 | −0.090% | $372K | $101K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.97 | −0.106% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.77 | −0.152% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.77 | −0.152% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.94 | −0.113% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.03 | −0.093% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.91 | −0.120% | $266K | $326K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.19 | −0.056% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.13 | −0.069% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.07 | −0.083% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.258% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0458% | 1h | 438.17 | −0.061% | $4 | $13K | 10x | as long as short |
Phemex TSMUSDT
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL