Funding you earn now, next payment 07:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h +0.004%
Price spread now: Bitget against Extended+0.114%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.114%, 7d avg +0.040%
=Together, before fees−0.067%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.074% dearer against Extended than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.040%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% 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 | Extended TSM-USD | 439.53 | 0.0064 | pay 0.0008% / 1h | 35m 59s | $3K | $176K | 10x |
| Short | Bitget TSMUSDT | 440.03 | −0.0213 | pay 0.0213% / 8h | 1h 35m | $1.7M | $1.5M | 20x |
Extended TSM-USD
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$58.17
- Price spread: +0.114% → +0.040%
- $7.4
- Slippage, 4 orders
- −$31.82
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$99.58
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Bitget: 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 Extended live order book, 5 min ago | 0.80 bp | 8.6 bp −$9 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.84 bp | 17.0 bp −$17 | 25.6 bp −$256 | 52.2 bp −$5,224 | 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 TSMUSDC | −0.0885% | 4h | 439.63 | +0.023% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDTshort | −0.0213% | 8h | 440.03 | +0.114% | $1.7M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 439.32 | −0.048% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.34 | −0.043% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.46 | −0.016% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.44 | −0.020% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | +0.006% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.65 | +0.027% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.64 | +0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.71 | +0.269% | $1.5M | $514K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 439.54 | +0.002% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.33 | −0.045% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.24 | −0.066% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.045% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.90 | −0.143% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.37 | −0.036% | $192K | $64K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.19 | −0.077% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.57 | +0.009% | $157K | $27K | 10x | as long as short |
| Extended TSM-USDlong | +0.0064% | 1h | 439.53 | long leg | $3K | $176K | 10x | |
| Binance TSMUSDT | +0.0068% | 8h | 439.55 | +0.004% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.64 | +0.026% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0080% | 8h | 439.79 | +0.059% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.92 | −0.139% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.48 | −0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.55 | +0.004% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.53 | 0.000% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.174% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0798% | 1h | 439.50 | −0.007% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL