Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.027%
Price spread now: edgeX against Coinbase International+0.123%7-day average +0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.123%, 7d avg +0.203%
=Together, before fees−0.021%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.081% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.203%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.069%, 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 | Coinbase International TSM-PERP-INTX | 440.03 | 0.0088 | pay 0.0011% / 1h | 15m 07s | $367K | $102K | 10x |
| Short | edgeX TSMUSDC | 440.57 | 0.0046 | get 0.0023% / 4h | 3h 15m | $47K | $217K | 10x |
Coinbase International TSM-PERP-INTX
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Coinbase International. 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
- −$8.84
- Price spread: +0.123% → +0.203%
- −$8.05
- Slippage, 4 orders
- −$18.66
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$54.54
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 38 min ago; edgeX: live order book, 37 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 Coinbase International live order book, 38 min ago | 3.06 bp | 8.5 bp −$9 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 37 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 TSMUSDT | −0.0208% | 8h | 440.81 | +0.177% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.76 | +0.167% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.58 | +0.125% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.65 | +0.141% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.52 | +0.111% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.72 | +0.157% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.83 | +0.182% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.75 | +0.164% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.83 | +0.182% | $1.5M | $486K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.80 | +0.175% | $496K | $176K | 10x | as long as short |
Bitget TSMUSDT
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 | 440.70 | +0.152% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.37 | +0.077% | — | $583 | 25x | as long as short |
| edgeX TSMUSDCshort | +0.0046% | 4h | 440.57 | +0.123% | $47K | $217K | 10x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.40 | +0.084% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.43 | +0.091% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.32 | +0.066% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −0.014% | $156K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.65 | +0.140% | $4K | $194K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 440.77 | +0.168% | $12.9M | $7.5M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 440.63 | +0.136% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0088% | 1h | 440.03 | long leg | $367K | $102K | 10x | |
| BloFin TSM-USDT | +0.0095% | 8h | 440.79 | +0.173% | $45K | $101K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.33 | +0.068% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.60 | +0.130% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.71 | +0.155% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.38 | +0.080% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.45 | +1.232% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0363% | 1h | 440.80 | +0.175% | $4 | $24K | 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
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL