Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Gate against tradeXYZ+0.040%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.040%, 7d avg +0.058%
=Together, before fees−0.086%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 446.80 | 0.0050 | pay 0.0006% / 1h | 0m 06s | $10.3M | $2.3M | 10x |
| Short | Gate TSM_USDT | 446.98 | 0 | get 0.0000% / 8h | 7h 00m | $1.7M | $930K | 100x |
tradeXYZ xyz:TSM
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.5
- Price spread: +0.040% → +0.058%
- −$1.76
- Slippage, 4 orders
- −$17.22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$62.48
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Gate: live order book, 3 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, 9 min ago | 0.78 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.46 bp | 14.3 bp −$14 | 36.7 bp −$367 | 48.6 bp −$4,857 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 447.30 | +0.112% | $359K | $100K | 10x | as long as short |
| BloFin TSM-USDT | −0.0012% | 8h | 447.20 | +0.090% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.10 | +0.067% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.99 | +0.042% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.10 | +0.067% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.88 | +0.018% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.10 | +0.067% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 446.98 | +0.040% | $1.7M | $930K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 447.37 | +0.128% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.062% | $554K | $82K | — | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.10 | +0.067% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.97 | +0.038% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.15 | +0.078% | $1.5M | $456K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.15 | +0.078% | $229K | $657K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.00 | +0.045% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 446.80 | long leg | $10.3M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.02 | +0.049% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.86 | +0.013% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.27 | +0.105% | $158K | $22K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 447.55 | +0.169% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.92 | +0.027% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.03 | +0.051% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.07 | +0.059% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | +0.139% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.09 | +1.184% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0328% | 1h | 447.80 | +0.224% | $505K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0377% | 1h | 447.01 | +0.047% | $98 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0572% | 4h | 447.21 | +0.091% | $48K | $216K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC