Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.012%
Price spread now: Gate against Extended−0.026%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$660.659% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.026%, 7d avg −0.034%
=Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 444.28 | 0.0016 | pay 0.0002% / 1h | 17m 51s | $4K | $197K | 10x |
| Short | Gate TSM_USDT | 444.16 | 0 | get 0.0000% / 8h | 6h 17m | $1.7M | $986K | 100x |
Extended TSM-USD
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$3.36
- Price spread: −0.026% → −0.034%
- $0.76
- Slippage, 4 orders
- −$45.94
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$68.54
- Costs to cover
- 0.659%
- Break-even
- never at this rate
Slippage from Extended: live order book, 49 min ago; Gate: 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, 49 min ago | 0.45 bp | 8.5 bp −$8 | 80.9 bp −$809 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.51 bp | 33.8 bp −$34 | 40.6 bp −$406 | 51.6 bp −$5,156 | doesn't fit |
TSM on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.27 | 0.000% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.07 | −0.046% | $2.0M | $387K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.26 | −0.003% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 444.16 | −0.026% | $1.7M | $986K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 444.39 | +0.026% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.30 | +0.005% | $550K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.43 | +0.035% | $1K | $4.5M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.16 | −0.026% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.43 | +0.035% | $1.5M | $449K | 10x | as long as short |
| Extended TSM-USDlong | +0.0016% | 1h | 444.28 | long leg | $4K | $197K | 10x |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | +0.006% | $371K | $105K | 10x | as long as short |
| Binance TSMUSDT | +0.0018% | 8h | 444.40 | +0.029% | $13.1M | $6.8M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.30 | +0.006% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.90 | −0.084% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.84 | −0.098% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.11 | −0.037% | $197K | $48K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.82 | −0.102% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.75 | −0.118% | $160K | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.96 | −0.071% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.21 | −0.015% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.29 | +0.003% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0137% | 8h | 444.44 | +0.037% | $7K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.14 | −0.030% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.174% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0376% | 1h | 444.84 | +0.127% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0674% | 1h | 444.25 | −0.006% | $4 | $23K | 10x | as long as short |
| edgeX TSMUSDC | +0.0823% | 4h | 444.30 | +0.007% | $48K | $216K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC