Funding you earn now, next payment 07:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h +0.004%
Price spread now: Bitget against Extended+0.035%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.035%, 7d avg +0.040%
=Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% 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 | Extended TSM-USD | 439.91 | 0.0080 | pay 0.0010% / 1h | 11m 41s | $3K | $142K | 10x |
| Short | Bitget TSMUSDT | 440.07 | −0.0196 | pay 0.0196% / 8h | 1h 11m | $1.7M | $1.5M | 20x |
Extended TSM-USD
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$57.96
- Price spread: +0.035% → +0.040%
- −$0.44
- Slippage, 4 orders
- −$32.91
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$108.31
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from Extended: live order book, 29 min ago; Bitget: live order book, 5 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 Extended live order book, 29 min ago | 0.80 bp | 8.6 bp −$9 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 7.84 bp | 14.8 bp −$15 | 25.8 bp −$258 | 58.0 bp −$5,797 | 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 TSMUSDTshort | −0.0196% | 8h | 440.07 | +0.035% | $1.7M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 439.97 | +0.012% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.78 | −0.031% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.91 | −0.001% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.85 | −0.015% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.84 | −0.017% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.06 | +0.033% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.00 | +0.019% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.72 | +0.183% | $1.5M | $521K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.10 | +0.042% | $496K | $149K | 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 TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.83 | −0.019% | $211K | $706K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.71 | −0.047% | — | $2K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.133% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.50 | −0.094% | $10.2M | $1.7M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.70 | −0.049% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.51 | −0.092% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.79 | −0.028% | $158K | $28K | 10x | as long as short |
| Binance TSMUSDT | +0.0078% | 8h | 440.04 | +0.029% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USDlong | +0.0080% | 1h | 439.91 | long leg | $3K | $142K | 10x | |
| GRVT TSM_USDT_Perp | +0.0087% | 8h | 439.93 | +0.004% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.60 | −0.072% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.97 | +0.013% | $21 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.0101% | 8h | 440.09 | +0.040% | $45K | $106K | 20x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.02 | +0.024% | $123 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0110% | 4h | 439.93 | +0.003% | $47K | $216K | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.69 | −0.051% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +0.990% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0683% | 1h | 440.02 | +0.024% | $4 | $25K | 10x | as long as short |
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
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
BloFin TSM-USDT
Aevo TSM-PERP
edgeX TSMUSDC
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL