Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.006%
Price spread now: Gate against Binance−0.048%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 7 days−0.025%−$3 · spread now −0.048%, 7d avg −0.064%
=The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 440.25 | 0.0064 | pay 0.0064% / 8h | 13m 22s | $12.9M | $7.9M | 20x |
| Short | Gate TSM_USDT | 440.04 | 0 | get 0.0000% / 8h | 13m 22s | $1.7M | $1.1M | 100x |
Binance TSMUSDT
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$13.46
- Price spread: −0.048% → −0.064%
- $1.58
- Slippage, 4 orders
- −$27.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.58
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Gate: live order book, 4 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 | 1.02 bp | 10.4 bp −$10 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.57 bp | 16.6 bp −$17 | 39.3 bp −$393 | 55.6 bp −$5,556 | 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 | −0.0057% | 8h | 439.87 | −0.086% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.17 | −0.018% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.91 | −0.077% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.22 | −0.007% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 440.04 | −0.048% | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.17 | −0.019% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.27 | +0.005% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.14 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.77 | +0.118% | $1.5M | $524K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.02 | −0.052% | $496K | $190K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.02 | −0.052% | $222K | $725K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.77 | −0.109% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.79 | −0.104% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.92 | −0.075% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.76 | −0.111% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.93 | −0.073% | $157K | $28K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.209% | $366K | $97K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.13 | −0.026% | $3K | $221K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0064% | 8h | 440.25 | long leg | $12.9M | $7.9M | 20x | |
| BloFin TSM-USDT | +0.0071% | 8h | 440.18 | −0.016% | $45K | $107K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0078% | 8h | 440.18 | −0.015% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.69 | −0.127% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.24 | −0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.16 | −0.021% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.85 | −0.091% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.856% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0569% | 1h | 440.12 | −0.030% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0873% | 4h | 440.19 | −0.014% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC