Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Gate against Injective−1.063%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 1.063% cheaper against Injective than usual: you would sell low and buy high (−$106 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TSM/USDC PERP | 446.02 | 0.0220 | pay 0.0028% / 1h | 57m 03s | $7K | $38K | 12x |
| Short | Gate TSM_USDT | 441.28 | 0 | get 0.0000% / 8h | 3h 57m | $1.7M | $1.0M | 100x |
Injective TSM/USDC PERP
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Injective. 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: −1.063% → 0.000%
- −$106.27
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$167.49
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 1 min ago | 3.29 bp | 21.0 bp −$21 | 35.0 bp −$350 | 48.3 bp −$4,826 | doesn't fit |
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 | −0.0905% | 4h | 441.57 | −0.997% | $48K | $215K | 10x | as long as short |
| Bitget TSMUSDT | −0.0084% | 8h | 441.87 | −0.930% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.78 | −0.950% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.35 | −1.047% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.35 | −1.047% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 441.28 | −1.063% | $1.7M | $1.0M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 441.61 | −0.988% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.52 | −1.009% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.65 | −0.980% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.63 | −0.984% | $1.5M | $474K | 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 | 441.52 | −1.009% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.40 | −1.036% | $220K | $642K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.16 | −1.090% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.11 | −1.101% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.18 | −1.085% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.19 | −1.083% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.00 | −1.126% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDT | +0.0069% | 8h | 441.44 | −1.027% | $12.9M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.32 | −1.054% | $6K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −1.173% | $368K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0090% | 8h | 441.55 | −1.002% | $45K | $99K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0098% | 8h | 441.67 | −0.975% | $10K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.22 | −1.076% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.46 | −1.022% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.46 | −1.023% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.33 | −1.052% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPlong | +0.0220% | 1h | 446.02 | long leg | $7K | $38K | 12x | |
| Deribit TSM_USDC-PERPETUAL | +0.0385% | 1h | 441.38 | −1.040% | $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
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL