Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment −$2.00 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against Aster+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bitget is 0.050% dearer against Aster than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 per $10,000. 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 | Aster TSMUSDT | 440.82 | 0 | get 0.0000% / 8h | 3h 24m | $82K | $2K | 20x |
| Short | Bitget TSMUSDT | 441.04 | −0.0200 | pay 0.0200% / 8h | 3h 24m | $1.8M | $1.5M | 20x |
Aster TSMUSDT
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Aster. 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
- −$42
- Price spread: +0.050% → 0.000%
- $4.95
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$57.05
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.
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 Aster no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 4.54 bp | 11.3 bp −$11 | 24.0 bp −$240 | 50.0 bp −$5,002 | doesn't fit |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0782% | 4h | 441.17 | +0.078% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDTshort | −0.0200% | 8h | 441.04 | +0.050% | $1.8M | $1.5M | 20x | |
| Aster TSMUSDTlong | 0.0000% | 8h | 440.82 | long leg | $82K | $2K | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 440.65 | −0.039% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.60 | −0.050% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.56 | −0.059% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.93 | +0.024% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.85 | +0.006% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.48 | −0.078% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.81 | −0.003% | $1.5M | $484K | 10x | as long as short |
edgeX TSMUSDC
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 | 440.86 | +0.009% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.65 | −0.039% | $223K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.39 | −0.098% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.32 | −0.114% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.42 | −0.091% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.34 | −0.109% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | −0.059% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDT | +0.0070% | 8h | 440.73 | −0.021% | $12.9M | $7.5M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 440.61 | −0.049% | $2K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.180% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 440.81 | −0.003% | $45K | $100K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0095% | 8h | 440.92 | +0.022% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.42 | −0.091% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.60 | −0.050% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.65 | −0.040% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.09 | +0.061% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.74 | +1.116% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0454% | 1h | 440.65 | −0.039% | $4 | $24K | 10x | 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
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL