Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against Bitget−0.041%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.041%, 7d avg −0.005%
=Funding pays, the price is against you. Binance is 0.036% cheaper against Bitget than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.005%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.294%, 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 | Bitget TSMUSDT | 443.45 | 0 | get 0.0000% / 8h | 5h 07m | $1.7M | $1.4M | 20x |
| Short | Binance TSMUSDT | 443.27 | 0.0042 | get 0.0042% / 8h | 5h 07m | $13.0M | $6.8M | 20x |
Bitget TSMUSDT
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $8.79
- Price spread: −0.041% → −0.005%
- −$3.6
- Slippage, 4 orders
- −$19.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.72
- Costs to cover
- 0.419%
- Break-even
- 36.2 days
Slippage from Bitget: live order book, 4 min ago; Binance: 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 Bitget live order book, 4 min ago | 3.72 bp | 11.2 bp −$11 | 29.1 bp −$291 | 53.1 bp −$5,311 | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.56 bp | 11.6 bp −$12 | 24.6 bp −$246 | 98.3 bp −$9,826 | 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 TSMUSDC | −0.0154% | 4h | 443.50 | +0.010% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.38 | −0.015% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.00 | −0.101% | $2.0M | $382K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.11 | −0.077% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.04 | −0.092% | $1.7M | $961K | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 443.45 | long leg | $1.7M | $1.4M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 443.57 | +0.027% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.28 | −0.038% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.21 | −0.054% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.36 | −0.020% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
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 | 443.37 | −0.018% | $500K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.09 | −0.081% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.15 | −0.068% | $2K | $189K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0042% | 8h | 443.27 | −0.041% | $13.0M | $6.8M | 20x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.79 | −0.149% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.85 | −0.135% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.05 | −0.090% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.90 | −0.124% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.12 | −0.074% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0051% | 8h | 443.45 | 0.000% | $45K | $98K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0084% | 8h | 443.55 | +0.023% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.85 | −0.135% | $268K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.20 | −0.056% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.17 | −0.062% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.090% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.70 | +0.056% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.130% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0789% | 1h | 443.19 | −0.059% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Extended TSM-USD
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL