Funding you earn now, next payment 07:00 UTC−0.0502%/8h= −55.0% APRpaid last 24h +0.015%
Price spread now: edgeX against tradeXYZ+0.068%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.068%, 7d avg +0.090%
=Together, before fees−0.160%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.022% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.090%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.23 | 0.0050 | pay 0.0006% / 1h | 39m 10s | $10.2M | $1.8M | 10x |
| Short | edgeX TSMUSDC | 439.53 | −0.0452 | pay 0.0226% / 4h | 1h 39m | $47K | $216K | 10x |
tradeXYZ xyz:TSM
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$105.5
- Price spread: +0.068% → +0.090%
- −$2.24
- Slippage, 4 orders
- −$18.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$152.76
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; edgeX: live order book, 3 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, 9 min ago | 0.46 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 5.69 bp | 10.4 bp −$10 | 13.1 bp −$131 | 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 | −0.0452% | 4h | 439.53 | +0.068% | $47K | $216K | 10x | |
| Bitget TSMUSDT | −0.0212% | 8h | 439.69 | +0.105% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.65 | +0.096% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.57 | +0.077% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.57 | +0.077% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.43 | +0.046% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | +0.075% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.68 | +0.102% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.75 | +0.118% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.69 | +0.332% | $1.5M | $514K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 439.67 | +0.100% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.49 | +0.059% | $224K | $684K | 10x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 439.63 | +0.091% | $45K | $105K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | +0.014% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | +0.023% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.23 | long leg | $10.2M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.25 | +0.005% | $191K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.21 | −0.005% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.57 | +0.077% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.58 | +0.080% | $3K | $181K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 439.75 | +0.118% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.64 | +0.094% | $4K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.15 | −0.018% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.56 | +0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.64 | +0.093% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.43 | +0.046% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.243% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0638% | 1h | 439.59 | +0.082% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL