Funding you earn now, next payment 06:00 UTC−0.0383%/8h= −42.0% APRpaid last 24h −0.020%
Price spread now: Extended against edgeX+0.004%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.004%, 7d avg −0.019%
=Together, before fees+0.110%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.022% dearer against edgeX than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.019%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% 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 | 440.98 | 0.0439 | pay 0.0220% / 4h | 2h 47m | $48K | $217K | 10x |
| Short | Extended TSM-USD | 441.00 | 0.0056 | get 0.0007% / 1h | 47m 00s | $6K | $196K | 10x |
edgeX TSMUSDC
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$80.52
- Price spread: +0.004% → −0.019%
- $2.25
- Slippage, 4 orders
- −$24.39
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$116.67
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 min ago; Extended: live order book, 64 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, 65 min ago | 5.22 bp | 9.9 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Extended live order book, 64 min ago | 1.48 bp | 9.3 bp −$9 | 108.5 bp −$1,085 | 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 | −0.0175% | 8h | 441.02 | +0.009% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.02 | +0.009% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.84 | −0.032% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.04 | +0.013% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.95 | −0.007% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.03 | +0.011% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.06 | +0.018% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.78 | +0.181% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.24 | +0.059% | $1.5M | $495K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.03 | +0.011% | $497K | $137K | 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 | 441.04 | +0.013% | $220K | $679K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.72 | −0.059% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.80 | −0.041% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.87 | −0.025% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.71 | −0.061% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.83 | −0.034% | $157K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0053% | 8h | 441.07 | +0.020% | $45K | $102K | 20x | as long as short |
| Extended TSM-USDshort | +0.0056% | 1h | 441.00 | +0.004% | $6K | $196K | 10x | |
| GRVT TSM_USDT_Perp | +0.0058% | 8h | 440.97 | −0.003% | $9K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 441.13 | +0.034% | $12.9M | $7.6M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.216% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.65 | −0.075% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.06 | +0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.04 | +0.013% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.03 | +0.011% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.50 | +1.025% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0385% | 1h | 441.09 | +0.025% | $97 | $24K | 10x | as long as short |
| edgeX TSMUSDClong | +0.0439% | 4h | 440.98 | long leg | $48K | $217K | 10x |
Lighter RH TSM
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
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL