TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Gate+0.082%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.250%−$25 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.082%, 7d avg +0.063%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.250%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	439.78	0	get 0.0000% / 8h	2h 20m	$1.7M	$1.1M	100x
Short	Binance TSMUSDT	440.14	0.0055	get 0.0055% / 8h	2h 20m	$12.8M	$7.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.082%Rate

Funding earned: $11.54
Price spread: +0.082% → +0.063%: $1.85
Slippage, 4 orders: −$32.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.26
Costs to cover: 0.576%
Break-even: 33.9 days

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 5 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 Gate live order book, 2 min ago	6.94 bp	17.5 bp −$18	103.1 bp −$1,031	153.2 bp −$15.3K	doesn't fit
Sell Binance live order book, 5 min ago	0.46 bp	10.6 bp −$11	22.5 bp −$225	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
Bitget TSMUSDT	−0.0250%	8h	440.04	+0.059%	$1.7M	$1.6M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	439.96	+0.042%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.86	+0.018%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.98	+0.045%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDTlong	0.0000%	8h	439.78	long leg	$1.7M	$1.1M	100x
Variational Omni TSM	0.0000%	8h	439.88	+0.023%	$552K	$30K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.04	+0.059%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	439.95	+0.039%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.16	+0.314%	$1.5M	$506K	10x	as long as short
BloFin TSM-USDT	+0.0030%	8h	440.10	+0.073%	$45K	$103K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	439.81	+0.007%	$495K	$138K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	439.99	+0.048%	$219K	$681K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.59	−0.043%	—	$1K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.58	−0.045%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.76	−0.005%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.53	−0.057%	$134	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.36	−0.096%	$158K	$26K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0053%	8h	439.84	+0.013%	$13K	$1.3M	10x	as long as short
Binance TSMUSDTshort	+0.0055%	8h	440.14	+0.082%	$12.8M	$7.7M	20x
Extended TSM-USD	+0.0056%	1h	439.98	+0.045%	$5K	$183K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	439.33	−0.102%	$366K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.62	−0.036%	$266K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.01	+0.052%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	439.97	+0.043%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	439.70	−0.018%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.65	+1.107%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0592%	1h	439.96	+0.041%	$4	$24K	10x	as long as short
edgeX TSMUSDC	+0.0643%	4h	439.86	+0.017%	$47K	$216K	10x	as long as short