Funding you earn now, next payment 02:00 UTC−0.0648%/8h= −70.9% APRpaid last 24h +0.049%
Price spread now: edgeX against Extended+0.014%73s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$390.387% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.014%, 7d avg +0.017%
=Together, before fees−0.102%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 73 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 -0.145% in total (about -7.6% 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 | 443.36 | 0.0048 | pay 0.0006% / 1h | 0m 10s | $4K | $195K | 10x |
| Short | edgeX TSMUSDC | 443.42 | −0.0600 | pay 0.0300% / 4h | 2h 00m | $48K | $217K | 10x |
Extended TSM-USD
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$136.01
- Price spread: +0.014% → +0.017%
- −$0.34
- Slippage, 4 orders
- −$24.66
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$175.01
- Costs to cover
- 0.387%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; edgeX: live order book, 2 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, 1 min ago | 1.58 bp | 9.6 bp −$10 | 77.6 bp −$776 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 5.19 bp | 9.9 bp −$10 | 12.4 bp −$124 | doesn't fit | doesn't fit |
TSM on 27 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 TSMUSDCshort | −0.0600% | 4h | 443.42 | +0.014% | $48K | $217K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 443.66 | +0.068% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.15 | −0.046% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.30 | −0.013% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.16 | −0.044% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.43 | +0.017% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.52 | +0.036% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.44 | +0.019% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.27 | −0.019% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.66 | +0.069% | $1.5M | $439K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 443.28 | −0.017% | $370K | $107K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.36 | +0.001% | $221K | $648K | 10x | as long as short |
| Binance TSMUSDT | +0.0044% | 8h | 443.38 | +0.005% | $13.0M | $6.7M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.89 | −0.105% | — | $583 | 25x | as long as short |
| Extended TSM-USDlong | +0.0048% | 1h | 443.36 | long leg | $4K | $195K | 10x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.97 | −0.087% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.97 | −0.087% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.02 | −0.076% | $159K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0056% | 1h | 443.22 | −0.031% | $196K | $51K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.04 | −0.071% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.40 | +0.010% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.25 | −0.023% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.14 | −0.049% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0192% | 8h | 443.55 | +0.044% | $9K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.384% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0360% | 1h | 443.53 | +0.039% | $501K | $173K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0834% | 1h | 443.39 | +0.008% | $4 | $24K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
GRVT TSM_USDT_Perp
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL