Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against Gate+0.031%7-day average +0.068% · 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−$56as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now +0.031%, 7d avg +0.068%
=Funding pays, the price is against you. Bitget is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.068%). If the spread goes back, that is −$4 on $10k: about 3.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 447.50 | 0 | get 0.0000% / 8h | 7h 16m | $1.7M | $926K | 100x |
| Short | Bitget TSMUSDT | 447.64 | 0.0031 | get 0.0031% / 8h | 7h 16m | $1.6M | $1.4M | 20x |
Gate TSM_USDT
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $6.51
- Price spread: +0.031% → +0.068%
- −$3.64
- Slippage, 4 orders
- −$25.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$49.8
- Costs to cover
- 0.527%
- Break-even
- 60.6 days
Slippage from Gate: live order book, 1 min ago; Bitget: 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, 1 min ago | 4.02 bp | 15.1 bp −$15 | 88.7 bp −$887 | 147.3 bp −$14.7K | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.24 bp | 11.9 bp −$12 | 25.8 bp −$258 | 65.1 bp −$6,509 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.123% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0006% | 8h | 447.58 | +0.018% | $44K | $101K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.63 | +0.030% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.67 | +0.038% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.79 | +0.065% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.37 | −0.029% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.72 | +0.049% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 447.50 | long leg | $1.7M | $926K | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 447.80 | +0.066% | $555K | $84K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.71 | +0.047% | $2K | $4.9M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSM
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 | 447.70 | +0.045% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.73 | +0.051% | $1.5M | $453K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0018% | 1h | 447.58 | +0.018% | $98 | $32K | 10x | as long as short |
| Bitget TSMUSDTshort | +0.0031% | 8h | 447.64 | +0.031% | $1.6M | $1.4M | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 447.78 | +0.063% | $224K | $648K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.53 | +0.007% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.35 | −0.034% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.49 | −0.002% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.30 | −0.045% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.06 | −0.098% | $157K | $21K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0080% | 8h | 447.70 | +0.045% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.39 | −0.025% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.60 | +0.022% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.62 | +0.027% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.58 | +0.018% | $218K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.0182% | 4h | 447.74 | +0.053% | $48K | $216K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.149% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0288% | 1h | 448.32 | +0.183% | $506K | $167K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Deribit TSM_USDC-PERPETUAL
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
edgeX TSMUSDC
Injective TSM/USDC PERP
Lighter TSM