Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$1.08 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against GRVT−0.018%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.018%, 7d avg −0.054%
=Together, before fees−0.096%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.036% dearer against GRVT than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.054%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.022% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT TSM_USDT_Perp | 444.43 | 0.0108 | pay 0.0108% / 8h | 6h 25m | $7K | $1.1M | 10x |
| Short | Gate TSM_USDT | 444.35 | 0 | get 0.0000% / 8h | 6h 25m | $1.7M | $983K | 100x |
GRVT TSM_USDT_Perp
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$22.68
- Price spread: −0.018% → −0.054%
- $3.57
- Slippage, 4 orders
- −$46.64
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$89.75
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Gate: 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 GRVT live order book, 3 min ago | 1.91 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.95 bp | 27.6 bp −$28 | 41.1 bp −$411 | 52.7 bp −$5,269 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0901% | 4h | 444.50 | +0.017% | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.46 | +0.006% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.30 | −0.029% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.50 | +0.016% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 444.35 | −0.018% | $1.7M | $983K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 444.69 | +0.059% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.46 | +0.007% | $550K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.57 | +0.032% | $2K | $4.6M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.22 | −0.047% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.61 | +0.041% | $1.5M | $455K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0008% | 1h | 444.46 | +0.007% | $4K | $197K | 10x | as long as short |
| Binance TSMUSDT | +0.0010% | 8h | 444.65 | +0.049% | $13.1M | $6.9M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | −0.029% | $371K | $105K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.58 | +0.034% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.05 | −0.085% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.00 | −0.097% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.95 | −0.108% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.02 | −0.092% | $160K | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0052% | 1h | 444.22 | −0.047% | $197K | $48K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.16 | −0.061% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.47 | +0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.44 | +0.003% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perplong | +0.0108% | 8h | 444.43 | long leg | $7K | $1.1M | 10x | |
| Phoenix TSM | +0.0179% | 1h | 444.11 | −0.072% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.139% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0384% | 1h | 444.93 | +0.113% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0764% | 1h | 444.44 | +0.002% | $4 | $23K | 10x | as long as short |
Extended TSM-USD
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
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