Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%
Price spread now: Bitget against tradeXYZ+0.077%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now +0.077%, 7d avg +0.126%
=Together, before fees+0.010%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.049% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.126%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 441.25 | 0.0050 | pay 0.0006% / 1h | 40m 13s | $10.2M | $2.2M | 10x |
| Short | Bitget TSMUSDT | 441.59 | 0 | get 0.0000% / 8h | 4h 40m | $1.7M | $1.4M | 20x |
tradeXYZ xyz:TSM
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against tradeXYZ. 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
- −$10.5
- Price spread: +0.077% → +0.126%
- −$4.87
- Slippage, 4 orders
- −$20.16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$65.53
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Bitget: 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 tradeXYZ live order book, 8 min ago | 0.90 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.87 bp | 12.5 bp −$12 | 22.5 bp −$225 | 52.6 bp −$5,256 | 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 | 441.93 | +0.155% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.30 | +0.011% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.60 | +0.079% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.42 | +0.039% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDTshort | 0.0000% | 8h | 441.59 | +0.077% | $1.7M | $1.4M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 441.51 | +0.060% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.62 | +0.084% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.41 | +0.036% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.93 | +0.154% | $1.5M | $461K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.78 | +0.120% | $497K | $175K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.48 | +0.052% | $220K | $642K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.18 | −0.016% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 441.25 | long leg | $10.2M | $2.2M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.28 | +0.007% | $194K | $52K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.20 | −0.011% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.37 | −0.199% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0051% | 8h | 441.60 | +0.079% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.52 | +0.060% | $3K | $188K | 10x | as long as short |
| Binance TSMUSDT | +0.0064% | 8h | 441.63 | +0.086% | $13.0M | $7.1M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.24 | −0.002% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.52 | +0.061% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.53 | +0.063% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.104% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0123% | 8h | 441.98 | +0.166% | $16K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.34 | +0.020% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.459% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0227% | 4h | 441.29 | +0.009% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0430% | 1h | 441.51 | +0.059% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
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
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL