Funding you earn now, next payment 04:00 UTC+0.0223%/8h= +24.5% APRpaid last 24h +0.061%
Price spread now: edgeX against GRVT+0.035%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.035%, 7d avg −0.003%
=Together, before fees−0.205%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and edgeX is 0.038% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.132%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% 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 | GRVT TSM_USDT_Perp | 443.53 | 0.0185 | pay 0.0185% / 8h | 6h 01m | $9K | $1.1M | 10x |
| Short | edgeX TSMUSDC | 443.69 | 0.0408 | get 0.0204% / 4h | 2h 01m | $48K | $216K | 10x |
GRVT TSM_USDT_Perp
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against GRVT. 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
- $46.91
- Price spread: +0.035% → −0.003%
- $3.84
- Slippage, 4 orders
- −$22.56
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $10.19
- Costs to cover
- 0.406%
- Break-even
- 5.5 days
Slippage from GRVT: live order book, 1 min ago; edgeX: live order book, 65 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 GRVT live order book, 1 min ago | 1.58 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 65 min ago | 5.36 bp | 10.0 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
TSM on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 443.71 | +0.040% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.18 | −0.080% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.40 | −0.030% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.26 | −0.061% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.56 | +0.006% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.48 | −0.012% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.55 | +0.004% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.50 | −0.007% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.66 | +0.029% | $1.5M | $440K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 443.28 | −0.057% | $370K | $107K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTXShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 443.44 | −0.021% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.49 | −0.009% | $4K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0041% | 8h | 443.60 | +0.015% | $13.0M | $6.7M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.99 | −0.122% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.05 | −0.109% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.98 | −0.125% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.06 | −0.107% | $159K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0053% | 1h | 443.16 | −0.084% | $196K | $51K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.12 | −0.093% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.45 | −0.019% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.46 | −0.017% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.39 | −0.032% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perplong | +0.0185% | 8h | 443.53 | long leg | $9K | $1.1M | 10x | |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.343% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0376% | 1h | 443.95 | +0.094% | $501K | $172K | 10x | as long as short |
| edgeX TSMUSDCshort | +0.0408% | 4h | 443.69 | +0.035% | $48K | $216K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0789% | 1h | 443.40 | −0.030% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL