Funding you earn now, next payment 12:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h +0.079%
Price spread now: edgeX against Gate−0.053%112s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$600.596% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.053%, 7d avg +0.054%
=Together, before fees+0.018%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.107% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 112 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 0.007% 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 | Gate TSM_USDT | 437.65 | 0 | get 0.0000% / 8h | 7h 49m | $1.7M | $1.1M | 100x |
| Short | edgeX TSMUSDC | 437.42 | −0.0488 | pay 0.0244% / 4h | 3h 49m | $47K | $216K | 10x |
Gate TSM_USDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$102.48
- Price spread: −0.053% → +0.054%
- −$10.67
- Slippage, 4 orders
- −$35.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$172.74
- Costs to cover
- 0.596%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 47 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, 3 min ago | 7.77 bp | 17.2 bp −$17 | 95.3 bp −$953 | 147.7 bp −$14.8K | doesn't fit |
| Sell edgeX live order book, 47 min ago | 5.80 bp | 10.5 bp −$10 | 13.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDCshort | −0.0488% | 4h | 437.42 | −0.053% | $47K | $216K | 10x | |
| GRVT TSM_USDT_Perp | −0.0058% | 8h | 437.55 | −0.023% | $7K | $1.3M | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.05 | +0.092% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.55 | −0.023% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.93 | +0.064% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 437.65 | long leg | $1.7M | $1.1M | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 437.89 | +0.055% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.04 | +0.090% | $551K | $43K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 437.83 | +0.041% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 437.47 | −0.041% | $9K | $8K | 20x | as long as short |
GRVT TSM_USDT_Perp
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 438.25 | +0.137% | $1.5M | $527K | 10x | as long as short |
| BloFin TSM-USDT | +0.0004% | 8h | 437.66 | +0.002% | $45K | $107K | 20x | as long as short |
| Binance TSMUSDT | +0.0015% | 8h | 437.85 | +0.046% | $12.8M | $8.1M | 20x | as long as short |
| Extended TSM-USD | +0.0016% | 1h | 437.75 | +0.023% | $3K | $219K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.76 | +0.025% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 437.63 | −0.005% | $194K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 436.96 | −0.158% | $369K | $100K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.29 | −0.082% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.34 | −0.071% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.20 | −0.103% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.24 | −0.094% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.32 | −0.075% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.56 | −0.021% | $266K | $324K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 437.77 | +0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.69 | +0.009% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.25 | −0.091% | $207K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.440% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0550% | 1h | 437.78 | +0.030% | $4 | $17K | 10x | as long as short |
Phemex TSMUSDT
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
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
Deribit TSM_USDC-PERPETUAL