Funding you earn now, next payment 08:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h −0.017%
Price spread now: Bitget against edgeX+0.032%54s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.547% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.032%, 7d avg +0.021%
=Together, before fees+0.095%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% 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 | edgeX TSMUSDC | 439.67 | −0.0508 | get 0.0254% / 4h | 1h 20m | $47K | $216K | 10x |
| Short | Bitget TSMUSDT | 439.81 | −0.0223 | pay 0.0223% / 8h | 1h 20m | $1.7M | $1.5M | 20x |
edgeX TSMUSDC
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- $59.93
- Price spread: +0.032% → +0.021%
- $1.12
- Slippage, 4 orders
- −$33.67
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $6.38
- Costs to cover
- 0.547%
- Break-even
- 6.3 days
Slippage from edgeX: live order book, 21 min ago; Bitget: live order book, 1 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 edgeX live order book, 21 min ago | 5.69 bp | 10.4 bp −$10 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.05 bp | 17.6 bp −$18 | 26.6 bp −$266 | 51.6 bp −$5,159 | 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 TSMUSDClong | −0.0508% | 4h | 439.67 | long leg | $47K | $216K | 10x | |
| Bitget TSMUSDTshort | −0.0223% | 8h | 439.81 | +0.032% | $1.7M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 439.88 | +0.048% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.76 | +0.020% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.60 | −0.016% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.62 | −0.011% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.69 | +0.004% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.76 | +0.020% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.98 | +0.070% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.89 | +0.277% | $1.5M | $519K | 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 TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 439.80 | +0.030% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.59 | −0.018% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.27 | −0.091% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.077% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.32 | −0.080% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.42 | −0.057% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.29 | −0.086% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.64 | −0.007% | $157K | $27K | 10x | as long as short |
| BloFin TSM-USDT | +0.0064% | 8h | 439.76 | +0.020% | $45K | $106K | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.63 | −0.010% | $3K | $142K | 10x | as long as short |
| Binance TSMUSDT | +0.0082% | 8h | 439.74 | +0.017% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0094% | 8h | 439.67 | 0.000% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.55 | −0.027% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.80 | +0.030% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.75 | +0.017% | $123 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0137% | 1h | 439.57 | −0.023% | $4 | $25K | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.50 | −0.039% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.046% | $6K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP