Funding you earn now, next payment 12:00 UTC+0.0143%/8h= +15.6% APRpaid last 24h +0.079%
Price spread now: edgeX against OKX−0.044%91s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.044%, 7d avg +0.038%
=Together, before fees+0.008%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.082% cheaper against OKX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.038%). If the spread goes back, that is −$8 on $10k: about 46 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.007% in total) that is about 3 months. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 437.82 | 0 | get 0.0000% / 8h | 7h 26m | $4.0M | $2.7M | 20x |
| Short | edgeX TSMUSDC | 437.63 | 0.0143 | get 0.0071% / 4h | 3h 26m | $47K | $217K | 10x |
OKX TSM-USDT-SWAP
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against OKX. 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
- $30
- Price spread: −0.044% → +0.038%
- −$8.19
- Slippage, 4 orders
- −$26.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$23.3
- Costs to cover
- 0.451%
- Break-even
- 12.4 days
Slippage from OKX: live order book, 1 min ago; edgeX: live order book, 6 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 OKX live order book, 1 min ago | 0.46 bp | 9.2 bp −$9 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 6 min ago | 6.40 bp | 11.1 bp −$11 | 13.7 bp −$137 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 438.15 | +0.076% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 437.68 | −0.033% | $3K | $216K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 437.80 | −0.005% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.52 | −0.069% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 437.82 | long leg | $4.0M | $2.7M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 437.53 | −0.066% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.72 | −0.023% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 437.72 | −0.022% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.70 | −0.028% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 437.76 | −0.014% | $1K | $4.0M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 437.49 | −0.075% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 437.84 | +0.005% | $1.5M | $536K | 10x | as long as short |
| BloFin TSM-USDT | +0.0025% | 8h | 437.64 | −0.041% | $45K | $109K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.69 | −0.030% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 437.74 | −0.018% | $194K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.04 | −0.178% | $371K | $92K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.32 | −0.114% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.53 | −0.066% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.38 | −0.100% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.29 | −0.121% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 436.98 | −0.192% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.38 | −0.100% | $265K | $342K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 437.66 | −0.037% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.81 | −0.001% | $123 | — | 10x | as long as short |
| edgeX TSMUSDCshort | +0.0143% | 4h | 437.63 | −0.044% | $47K | $217K | 10x | |
| Phoenix TSM | +0.0145% | 1h | 437.48 | −0.078% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.400% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0230% | 1h | 437.68 | −0.032% | $96 | $13K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL