Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: tradeXYZ against Gate−0.066%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.066%, 7d avg −0.058%
=Together, before fees+0.080%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 439.66 | 0 | get 0.0000% / 8h | 1h 18m | $1.7M | $1.1M | 100x |
| Short | tradeXYZ xyz:TSM | 439.37 | 0.0050 | get 0.0006% / 1h | 18m 00s | $10.2M | $1.8M | 10x |
Gate TSM_USDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.066% → −0.058%
- −$0.77
- Slippage, 4 orders
- −$28.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$51.62
- Costs to cover
- 0.613%
- Break-even
- 41.4 days
Slippage from Gate: live order book, 4 min ago; tradeXYZ: live order book, 11 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, 4 min ago | 3.75 bp | 14.1 bp −$14 | 90.6 bp −$906 | 143.0 bp −$14.3K | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.68 bp | 10.5 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 | −0.0508% | 4h | 439.67 | +0.002% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0219% | 8h | 439.82 | +0.036% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.79 | +0.030% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.65 | −0.002% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.74 | +0.018% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 439.66 | long leg | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 439.69 | +0.006% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.78 | +0.027% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.60 | −0.014% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.73 | +0.243% | $1.5M | $520K | 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 | 439.79 | +0.030% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.69 | +0.007% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.23 | −0.098% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.075% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 439.37 | −0.066% | $10.2M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.39 | −0.061% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.33 | −0.075% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.64 | −0.005% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.80 | +0.031% | $3K | $142K | 10x | as long as short |
| Binance TSMUSDT | +0.0080% | 8h | 439.90 | +0.055% | $12.9M | $7.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0089% | 8h | 439.71 | +0.011% | $45K | $106K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0094% | 8h | 439.67 | +0.002% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.40 | −0.059% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.68 | +0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.79 | +0.029% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.50 | −0.036% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.049% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0319% | 1h | 439.57 | −0.020% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL