TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Gate+0.047%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.250%−$25 on $10k

Price spread, last 2 days (all we have)+0.026%+$3 · spread now +0.047%, 7d avg +0.062%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.250%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	444.15	0	get 0.0000% / 8h	6h 19m	$1.7M	$985K	100x
Short	Binance TSMUSDT	444.36	0.0016	get 0.0016% / 8h	6h 19m	$13.1M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: $3.44
Price spread: +0.047% → +0.062%: −$1.52
Slippage, 4 orders: −$44.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.94
Costs to cover: 0.699%
Break-even: 145.2 days

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 6 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 Gate live order book, 3 min ago	5.51 bp	15.5 bp −$16	97.7 bp −$977	150.4 bp −$15.0K	doesn't fit
Sell Binance live order book, 6 min ago	0.22 bp	10.4 bp −$10	25.5 bp −$255	doesn't fit	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	444.28	+0.029%	$82K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	444.00	−0.034%	$2.0M	$387K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	444.26	+0.025%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDTlong	0.0000%	8h	444.15	long leg	$1.7M	$985K	100x
Bitget TSMUSDT	0.0000%	8h	444.38	+0.052%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	444.30	+0.033%	$550K	$82K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.35	+0.045%	$1K	$4.5M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	444.38	+0.052%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.38	+0.052%	$1.5M	$451K	10x	as long as short
Extended TSM-USD	+0.0016%	1h	444.25	+0.021%	$4K	$197K	10x	as long as short

Show 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	+0.034%	$371K	$105K	10x	as long as short
Binance TSMUSDTshort	+0.0016%	8h	444.36	+0.047%	$13.1M	$6.8M	20x
Lighter RH TSM	+0.0032%	1h	444.26	+0.025%	$229K	$637K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	443.91	−0.054%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	443.85	−0.068%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	444.12	−0.007%	$197K	$48K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.82	−0.074%	$138	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.13	−0.005%	$160K	$25K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.98	−0.038%	$270K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	444.24	+0.020%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.27	+0.028%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0137%	8h	444.44	+0.065%	$7K	$1.1M	10x	as long as short
Phoenix TSM	+0.0179%	1h	444.14	−0.002%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	449.49	+1.202%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0368%	1h	444.83	+0.153%	$502K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0674%	1h	444.25	+0.023%	$4	$23K	10x	as long as short
edgeX TSMUSDC	+0.0823%	4h	444.30	+0.035%	$48K	$216K	10x	as long as short