Funding you earn now, next payment 08:00 UTC−0.0954%/8h= −104.5% APRpaid last 24h +0.015%
Price spread now: edgeX against tradeXYZ+0.084%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.084%, 7d avg +0.091%
=Together, before fees−0.123%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$29 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 -0.153% in total (about -8.0% 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 | tradeXYZ xyz:TSM | 439.19 | 0.0050 | pay 0.0006% / 1h | 31m 24s | $10.1M | $1.8M | 10x |
| Short | edgeX TSMUSDC | 439.56 | −0.0904 | pay 0.0452% / 4h | 31m 24s | $47K | $217K | 10x |
tradeXYZ xyz:TSM
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. 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
- −$200.35
- Price spread: +0.084% → +0.091%
- −$0.69
- Slippage, 4 orders
- −$18.21
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$246.25
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; edgeX: 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 tradeXYZ live order book, 7 min ago | 0.68 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 6 min ago | 5.80 bp | 10.5 bp −$10 | 13.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDCshort | −0.0904% | 4h | 439.56 | +0.084% | $47K | $217K | 10x | |
| Bitget TSMUSDT | −0.0136% | 8h | 439.69 | +0.114% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.22 | +0.463% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.27 | +0.018% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.73 | +0.123% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.53 | +0.077% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.61 | +0.097% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.65 | +0.105% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.38 | +0.043% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.337% | $1.5M | $529K | 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 | 439.64 | +0.102% | $496K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.41 | +0.050% | $221K | $720K | 10x | as long as short |
| BloFin TSM-USDT | +0.0033% | 8h | 439.70 | +0.116% | $45K | $107K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | +0.023% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.19 | long leg | $10.1M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.45 | +0.059% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.16 | −0.007% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.10 | −0.020% | $158K | $28K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | +0.032% | $366K | $97K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.57 | +0.087% | $3K | $221K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 439.69 | +0.114% | $12.8M | $8.0M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 439.52 | +0.076% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.31 | +0.027% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.60 | +0.093% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.57 | +0.087% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.38 | +0.043% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.100% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0934% | 1h | 439.61 | +0.096% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL