Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.68 per $10,000 · paid last 24h +0.010%
Price spread now: GRVT against Gate−0.026%81s7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as 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−$600.599% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.026%, 7d avg +0.063%
=Together, before fees+0.117%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.090% cheaper against Gate than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.063%). If the spread goes back, that is −$9 on $10k: about 4.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.033% in total) that is about 19 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 441.01 | 0 | get 0.0000% / 8h | 2h 56m | $1.7M | $1.1M | 100x |
| Short | GRVT TSM_USDT_Perp | 440.89 | 0.0068 | get 0.0068% / 8h | 2h 56m | $10K | $1.3M | 10x |
Gate TSM_USDT
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $14.28
- Price spread: −0.026% → +0.063%
- −$8.95
- Slippage, 4 orders
- −$35.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$54.59
- Costs to cover
- 0.599%
- Break-even
- 33.8 days
Slippage from Gate: live order book, 1 min ago; GRVT: 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 Gate live order book, 1 min ago | 6.01 bp | 15.8 bp −$16 | 90.6 bp −$906 | 145.1 bp −$14.5K | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.68 bp | 10.1 bp −$10 | doesn't fit | 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 TSMUSDC | −0.0438% | 4h | 440.92 | −0.021% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0203% | 8h | 440.92 | −0.020% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.24 | +0.052% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.98 | −0.007% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.10 | +0.020% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 441.01 | long leg | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.89 | −0.027% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.25 | +0.054% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.11 | +0.023% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.37 | +0.082% | $1.5M | $495K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 441.03 | +0.005% | $497K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.21 | +0.045% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.83 | −0.041% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.90 | −0.025% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.91 | −0.023% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.67 | −0.077% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.96 | −0.011% | $157K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0060% | 8h | 441.07 | +0.014% | $45K | $102K | 20x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 441.23 | +0.050% | $12.9M | $7.6M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.13 | +0.027% | $6K | $196K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0068% | 8h | 440.89 | −0.026% | $10K | $1.3M | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.222% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.88 | −0.029% | $268K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.22 | +0.048% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.17 | +0.037% | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0113% | 1h | 441.14 | +0.029% | $4 | $24K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.79 | −0.050% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.33 | +0.980% | $6K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP