Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.024%
Price spread now: edgeX against Binance+0.058%80s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.058%, 7d avg −0.017%
=Together, before fees−0.044%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.075% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 439.48 | 0.0065 | pay 0.0065% / 8h | 58m 12s | $12.9M | $8.0M | 20x |
| Short | edgeX TSMUSDC | 439.74 | 0.0066 | get 0.0033% / 4h | 58m 12s | $47K | $217K | 10x |
Binance TSMUSDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- $0.37
- Price spread: +0.058% → −0.017%
- $7.49
- Slippage, 4 orders
- −$23.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$34.52
- Costs to cover
- 0.424%
- Break-even
- 668.4 days
Slippage from Binance: live order book, 12 min ago; edgeX: live order book, 44 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 Binance live order book, 12 min ago | 0.11 bp | 12.0 bp −$12 | 26.9 bp −$269 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 44 min ago | 5.69 bp | 10.4 bp −$10 | 13.1 bp −$131 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0167% | 8h | 439.84 | +0.081% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | −0.0030% | 1h | 439.12 | −0.083% | $10.1M | $1.8M | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.55 | +0.014% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.43 | −0.012% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.59 | +0.024% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.56 | +0.017% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.72 | +0.053% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.62 | +0.031% | $1K | $4.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 439.39 | −0.022% | $4 | $25K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.71 | +0.051% | $9K | $8K | 20x | as long as short |
Bitget TSMUSDT
tradeXYZ xyz:TSM
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 440.48 | +0.227% | $1.5M | $524K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.80 | +0.072% | $496K | $181K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.37 | −0.026% | $221K | $720K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 439.89 | +0.092% | $45K | $106K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.36 | −0.028% | — | $2K | 25x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.41 | −0.017% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.45 | −0.008% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.18 | −0.069% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.035% | $366K | $99K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.40 | −0.019% | $3K | $145K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0065% | 8h | 439.48 | long leg | $12.9M | $8.0M | 20x | |
| edgeX TSMUSDCshort | +0.0066% | 4h | 439.74 | +0.058% | $47K | $217K | 10x | |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 439.82 | +0.076% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.20 | −0.065% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.47 | −0.003% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.50 | +0.003% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.57 | +0.019% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.089% | $6K | $38K | 12x | as long as short |
Phemex TSMUSDT
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
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP