Funding you earn now, next payment 08:00 UTC+0.0823%/8h= +90.1% APRpaid last 24h −0.078%
Price spread now: Coinbase International against edgeX−0.266%7-day average −0.203% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.266%, 7d avg −0.203%
=Together, before fees+0.135%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.063% cheaper against edgeX than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.203%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% 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 | edgeX TSMUSDC | 438.88 | −0.0783 | get 0.0392% / 4h | 3h 17m | $47K | $217K | 10x |
| Short | Coinbase International TSM-PERP-INTX | 437.71 | 0.0040 | get 0.0005% / 1h | 17m 24s | $370K | $94K | 10x |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- $172.87
- Price spread: −0.266% → −0.203%
- −$6.32
- Slippage, 4 orders
- −$18.44
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $129.1
- Costs to cover
- 0.374%
- Break-even
- 1.8 days
Slippage from edgeX: live order book, 15 min ago; Coinbase International: live order book, 16 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 edgeX live order book, 15 min ago | 6.40 bp | 11.1 bp −$11 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 16 min ago | 0.11 bp | 6.3 bp −$6 | 10.8 bp −$108 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDClong | −0.0783% | 4h | 438.88 | long leg | $47K | $217K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 438.80 | −0.016% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 439.06 | +0.041% | $3K | $215K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 439.27 | +0.089% | $12.8M | $8.3M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 438.83 | −0.011% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.20 | +0.074% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.00 | +0.028% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.18 | +0.069% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.35 | −0.120% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.76 | −0.026% | $13K | $1.3M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 438.94 | +0.015% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 438.85 | −0.006% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.44 | −0.099% | $1.5M | $538K | 10x | as long as short |
| BloFin TSM-USDT | +0.0012% | 8h | 438.96 | +0.019% | $45K | $110K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.80 | −0.017% | $494K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.85 | −0.006% | $202K | $746K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0040% | 1h | 437.71 | −0.266% | $370K | $94K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.86 | −0.004% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.80 | −0.017% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.96 | +0.019% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.51 | −0.083% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.79 | −0.248% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.49 | −0.088% | $266K | $352K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.00 | +0.028% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.73 | −0.033% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.65 | −0.052% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.156% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1073% | 1h | 438.85 | −0.006% | $4 | $13K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL