Funding you earn now, next payment 04:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h +0.013%
Price spread now: edgeX against Phemex−0.022%78s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as 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−$800.802% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.022%, 7d avg −0.014%
=Together, before fees−0.079%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 78 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 | Phemex TSMUSDT | 441.76 | 0 | get 0.0000% / 8h | 4h 18m | $1.5M | $469K | 10x |
| Short | edgeX TSMUSDC | 441.66 | −0.0176 | pay 0.0088% / 4h | 18m 09s | $48K | $216K | 10x |
Phemex TSMUSDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- −$37.06
- Price spread: −0.022% → −0.014%
- −$0.76
- Slippage, 4 orders
- −$59.22
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$118.04
- Costs to cover
- 0.802%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 39 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 Phemex live order book, 5 min ago | 1.70 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 39 min ago | 6.11 bp | 10.8 bp −$11 | 13.3 bp −$133 | 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 TSMUSDCshort | −0.0176% | 4h | 441.66 | −0.022% | $48K | $216K | 10x | |
| Bitget TSMUSDT | −0.0077% | 8h | 441.92 | +0.036% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.78 | +0.004% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.58 | −0.041% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.64 | −0.027% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.49 | −0.061% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.83 | +0.017% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.65 | −0.025% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.47 | −0.066% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 441.76 | long leg | $1.5M | $469K | 10x |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.87 | +0.025% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.54 | −0.050% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.37 | −0.088% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.28 | −0.109% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.38 | −0.086% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.32 | −0.100% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.15 | −0.138% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0064% | 8h | 442.03 | +0.061% | $45K | $99K | 20x | as long as short |
| Binance TSMUSDT | +0.0079% | 8h | 441.70 | −0.014% | $13.0M | $7.2M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 441.57 | −0.043% | $1K | $190K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0090% | 1h | 441.65 | −0.025% | $4 | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.29 | −0.106% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.64 | −0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.58 | −0.040% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.220% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0146% | 8h | 441.74 | −0.005% | $11K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.72 | −0.009% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.342% | $7K | $38K | 12x | 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
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP