Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Injective against Gate+1.035%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.035% dearer against Gate than usual: you sell high and buy low: +$103 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 440.77 | 0 | get 0.0000% / 8h | 2h 57m | $1.7M | $1.1M | 100x |
| Short | Injective TSM/USDC PERP | 445.33 | 0.0220 | get 0.0028% / 1h | 57m 19s | $6K | $38K | 12x |
Gate TSM_USDT
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $46.2
- Price spread: +1.035% → 0.000%
- $103.46
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $134.64
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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, 5 min ago | 4.99 bp | 14.4 bp −$14 | 107.4 bp −$1,074 | 148.3 bp −$14.8K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.034% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0206% | 8h | 440.92 | +0.034% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.10 | +0.076% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.88 | +0.025% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.96 | +0.043% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 440.77 | long leg | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.89 | +0.028% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.99 | +0.050% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.78 | +0.002% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.23 | +0.104% | $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 | 440.91 | +0.032% | $496K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.09 | +0.073% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.54 | −0.052% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.45 | −0.073% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.72 | −0.011% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.54 | −0.052% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.60 | −0.039% | $157K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0060% | 8h | 441.07 | +0.068% | $45K | $102K | 20x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 441.11 | +0.077% | $12.9M | $7.6M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.89 | +0.027% | $1K | $191K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.89 | +0.028% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.168% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.81 | +0.009% | $267K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.90 | +0.029% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.91 | +0.031% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.79 | +0.005% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 445.33 | +1.035% | $6K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0567% | 1h | 440.90 | +0.029% | $4 | $24K | 10x | 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
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL