Funding you earn now, next payment 08:00 UTC+0.0259%/8h= +28.3% APRpaid last 24h −0.030%
Price spread now: OKX against edgeX+0.081%71s7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as 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−$430.430% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.081%, 7d avg −0.038%
=Together, before fees−0.021%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.118% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.038%. The two prices were read 71 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 0.071% in total (about 3.7% 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 | 439.74 | −0.0259 | get 0.0129% / 4h | 18m 19s | $47K | $216K | 10x |
| Short | OKX TSM-USDT-SWAP | 440.09 | 0 | get 0.0000% / 8h | 18m 19s | $4.0M | $2.6M | 20x |
edgeX TSMUSDC
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $54.3
- Price spread: +0.081% → −0.038%
- $11.85
- Slippage, 4 orders
- −$23.96
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $23.2
- Costs to cover
- 0.430%
- Break-even
- 4.0 days
Slippage from edgeX: live order book, 19 min ago; OKX: 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, 19 min ago | 5.80 bp | 10.5 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.11 bp | 11.4 bp −$11 | 28.8 bp −$288 | 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 | −0.0259% | 4h | 439.74 | long leg | $47K | $216K | 10x | |
| Bitget TSMUSDT | −0.0085% | 8h | 439.79 | +0.012% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.07 | +0.077% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.81 | +0.017% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 440.09 | +0.081% | $4.0M | $2.6M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 440.01 | +0.062% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.065% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.21 | +0.108% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.03 | +0.067% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.76 | +0.233% | $1.5M | $528K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
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 | 439.99 | +0.058% | $497K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.95 | +0.049% | $220K | $723K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.76 | +0.006% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.69 | −0.010% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.79 | +0.012% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.69 | −0.010% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.64 | −0.022% | $157K | $29K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.092% | $366K | $97K | 10x | as long as short |
| BloFin TSM-USDT | +0.0058% | 8h | 440.25 | +0.117% | $45K | $107K | 20x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 440.14 | +0.093% | $12.9M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.05 | +0.071% | $3K | $221K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0078% | 8h | 440.12 | +0.087% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.59 | −0.033% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.09 | +0.081% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.15 | +0.093% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.88 | +0.033% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.974% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0364% | 1h | 440.12 | +0.087% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL