Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Gate against tradeXYZ+0.039%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now +0.039%, 7d avg +0.058%
=Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 441.47 | 0.0050 | pay 0.0006% / 1h | 13m 10s | $10.2M | $2.1M | 10x |
| Short | Gate TSM_USDT | 441.64 | 0 | get 0.0000% / 8h | 4h 13m | $1.7M | $1.0M | 100x |
tradeXYZ xyz:TSM
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.039% → +0.058%
- −$1.92
- Slippage, 4 orders
- −$40.35
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$85.77
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 0.11 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.76 bp | 35.3 bp −$35 | 38.4 bp −$384 | 51.2 bp −$5,122 | 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 | −0.0522% | 4h | 441.68 | +0.047% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0084% | 8h | 441.92 | +0.102% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.96 | +0.111% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.58 | +0.025% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.77 | +0.068% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 441.64 | +0.039% | $1.7M | $1.0M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 441.69 | +0.050% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.86 | +0.088% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.50 | +0.007% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.88 | +0.093% | $1.5M | $472K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 441.88 | +0.093% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.74 | +0.061% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.44 | −0.007% | — | $583 | 25x | as long as short |
| BloFin TSM-USDT | +0.0048% | 8h | 441.66 | +0.043% | $45K | $99K | 20x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 441.47 | long leg | $10.2M | $2.1M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.53 | +0.014% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.48 | +0.002% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.30 | −0.039% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0072% | 8h | 441.87 | +0.091% | $13.0M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.73 | +0.059% | $1K | $190K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.36 | −0.025% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.68 | +0.048% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.70 | +0.053% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 441.71 | +0.055% | $11K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.154% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.55 | +0.018% | $215K | $5K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0203% | 1h | 441.72 | +0.057% | $4 | $24K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.409% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
Injective TSM/USDC PERP