Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.062%
Price spread now: Phemex against edgeX+0.058%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$800.798% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.058%, 7d avg +0.016%
=Together, before fees+0.060%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.042% dearer against edgeX than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.016%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 445.28 | 0.0058 | pay 0.0029% / 4h | 2h 45m | $48K | $217K | 10x |
| Short | Phemex TSMUSDT | 445.54 | 0 | get 0.0000% / 8h | 6h 45m | $1.5M | $451K | 10x |
edgeX TSMUSDC
Phemex TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$12.2
- Price spread: +0.058% → +0.016%
- $4.18
- Slippage, 4 orders
- −$58.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$87.85
- Costs to cover
- 0.798%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 22 min ago; Phemex: live order book, 3 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, 22 min ago | 5.36 bp | 10.0 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.02 bp | 29.8 bp −$30 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 445.28 | 0.000% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.21 | −0.015% | $5K | $198K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.41 | +0.029% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.09 | −0.043% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.38 | +0.022% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.16 | −0.027% | $1.7M | $909K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.37 | +0.020% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.42 | +0.030% | $551K | $82K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.60 | +0.071% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.38 | +0.022% | $1K | $4.7M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 445.05 | −0.052% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDTshort | 0.0000% | 8h | 445.54 | +0.058% | $1.5M | $451K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 445.16 | −0.027% | $367K | $104K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.092% | $45K | $99K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.32 | +0.009% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.87 | −0.092% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.91 | −0.083% | $10.2M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.19 | −0.020% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.90 | −0.086% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.70 | −0.130% | $159K | $24K | 10x | as long as short |
| edgeX TSMUSDClong | +0.0058% | 4h | 445.28 | long leg | $48K | $217K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.99 | −0.065% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.31 | +0.007% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.33 | +0.011% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 445.31 | +0.007% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.210% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0432% | 1h | 445.89 | +0.137% | $503K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0694% | 1h | 445.28 | 0.000% | $4 | $28K | 10x | as long as short |
HTX TSM-USDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
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
Lighter TSM
Deribit TSM_USDC-PERPETUAL