Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Phemex+0.225%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.246%−$25 · spread now +0.225%, 7d avg −0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.294% dearer against Phemex than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 445.02 | 0 | get 0.0000% / 8h | 47m 35s | $1.5M | $457K | 10x |
| Short | Gate TSM_USDT | 446.02 | 0 | get 0.0000% / 8h | 47m 35s | $1.7M | $906K | 100x |
Phemex TSMUSDT
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.225% → −0.069%
- $29.38
- Slippage, 4 orders
- −$98.94
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$96.56
- Costs to cover
- 1.259%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 5 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 | 1.46 bp | 62.2 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.11 bp | 12.9 bp −$13 | 34.6 bp −$346 | 51.6 bp −$5,162 | 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 TSMUSDC | −0.0115% | 4h | 446.41 | +0.312% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.07 | +0.236% | $357K | $97K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.25 | +0.277% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.33 | +0.295% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.44 | +0.318% | $13.2M | $6.8M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.03 | +0.227% | $2.0M | $417K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.48 | +0.328% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 446.02 | +0.225% | $1.7M | $906K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 446.29 | +0.285% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.41 | +0.312% | $553K | $84K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.25 | +0.276% | $15K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.42 | +0.315% | $2K | $5.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.25 | +0.276% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 445.02 | long leg | $1.5M | $457K | 10x | |
| BloFin TSM-USDT | +0.0029% | 8h | 446.43 | +0.317% | $44K | $102K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.40 | +0.310% | $231K | $585K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.01 | +0.222% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.00 | +0.220% | $10.3M | $2.5M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.18 | +0.261% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.98 | +0.216% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.13 | +0.249% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.93 | +0.204% | $271K | $323K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.30 | +0.288% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.39 | +0.307% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.19 | +0.263% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +1.281% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0352% | 1h | 446.91 | +0.425% | $504K | $166K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0423% | 1h | 446.34 | +0.297% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
BloFin TSM-USDT
Lighter RH TSM
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
Lighter TSM
Deribit TSM_USDC-PERPETUAL