Funding you earn now, next payment 07:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h −0.021%
Price spread now: Extended against edgeX−0.051%73s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as 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−$400.396% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.051%, 7d avg −0.019%
=Together, before fees+0.165%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.032% cheaper against edgeX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.019%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.110% in total) that is about 2.1 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 440.03 | −0.0104 | get 0.0052% / 4h | 1h 52m | $47K | $216K | 10x |
| Short | Extended TSM-USD | 439.80 | 0.0064 | get 0.0008% / 1h | 52m 21s | $5K | $179K | 10x |
edgeX TSMUSDC
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $35.37
- Price spread: −0.051% → −0.019%
- −$3.23
- Slippage, 4 orders
- −$25.58
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$7.44
- Costs to cover
- 0.396%
- Break-even
- 8.5 days
Slippage from edgeX: live order book, 55 min ago; Extended: live order book, 54 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, 55 min ago | 5.55 bp | 10.2 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Extended live order book, 54 min ago | 1.59 bp | 9.8 bp −$10 | 108.6 bp −$1,086 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0182% | 8h | 440.37 | +0.078% | $1.7M | $1.5M | 20x | as long as short |
| edgeX TSMUSDClong | −0.0104% | 4h | 440.03 | long leg | $47K | $216K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 440.04 | +0.003% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.74 | −0.065% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.77 | −0.058% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.71 | −0.072% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | −0.002% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.91 | −0.027% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.96 | −0.015% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.146% | $1.5M | $515K | 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 | 440.08 | +0.012% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.76 | −0.061% | $224K | $684K | 10x | as long as short |
| BloFin TSM-USDT | +0.0043% | 8h | 439.95 | −0.018% | $45K | $105K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.30 | −0.165% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.158% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.44 | −0.133% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.42 | −0.138% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.36 | −0.152% | $157K | $27K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0056% | 1h | 439.58 | −0.102% | $192K | $63K | 10x | as long as short |
| Extended TSM-USDshort | +0.0064% | 1h | 439.80 | −0.051% | $5K | $179K | 10x | |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 440.08 | +0.012% | $16K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0066% | 8h | 439.93 | −0.023% | $12.9M | $7.9M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.62 | −0.093% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.82 | −0.047% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.87 | −0.036% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.71 | −0.072% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.201% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0455% | 1h | 439.79 | −0.054% | $97 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL