Funding you earn now, next payment 08:00 UTC+0.1182%/8h= +129.5% APRpaid last 24h +0.017%
Price spread now: edgeX against Bitget+0.023%74s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as 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−$430.433% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.023%, 7d avg −0.021%
=Together, before fees−0.166%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and edgeX is 0.044% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% 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 | Bitget TSMUSDT | 440.92 | −0.0183 | get 0.0183% / 8h | 2h 50m | $1.7M | $1.5M | 20x |
| Short | edgeX TSMUSDC | 441.02 | 0.0999 | get 0.0500% / 4h | 2h 50m | $48K | $216K | 10x |
Bitget TSMUSDT
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $248.32
- Price spread: +0.023% → −0.021%
- $4.42
- Slippage, 4 orders
- −$22.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $209.48
- Costs to cover
- 0.433%
- Break-even
- 1.1 days
Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 62 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, 2 min ago | 4.31 bp | 10.8 bp −$11 | 21.7 bp −$217 | 51.5 bp −$5,146 | doesn't fit |
| Sell edgeX live order book, 62 min ago | 5.22 bp | 10.0 bp −$10 | 12.8 bp −$128 | 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 TSMUSDTlong | −0.0183% | 8h | 440.92 | long leg | $1.7M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 440.81 | −0.025% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.69 | −0.052% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.10 | +0.041% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.84 | −0.018% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.03 | +0.024% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.99 | +0.016% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.20 | +0.064% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.29 | +0.084% | $1.5M | $494K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.91 | −0.002% | $496K | $137K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 440.92 | 0.000% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.62 | −0.068% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.51 | −0.093% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.66 | −0.059% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.62 | −0.068% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.62 | −0.068% | $157K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.89 | −0.007% | $6K | $196K | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 441.00 | +0.017% | $12.9M | $7.6M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0060% | 8h | 440.91 | −0.002% | $9K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.202% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0072% | 8h | 441.14 | +0.050% | $45K | $102K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.61 | −0.070% | $267K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.92 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.99 | +0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.05 | +0.029% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.33 | +1.000% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0499% | 1h | 440.93 | +0.002% | $97 | $24K | 10x | as long as short |
| edgeX TSMUSDCshort | +0.0999% | 4h | 441.02 | +0.023% | $48K | $216K | 10x |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL