Funding you earn now, next payment 12:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h −0.079%
Price spread now: HTX against edgeX+0.113%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.113% dearer against edgeX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 440.83 | −0.0173 | get 0.0086% / 4h | 2h 05m | $47K | $216K | 10x |
| Short | HTX TSM-USDT | 441.33 | 0 | get 0.0000% / 8h | 6h 05m | $9K | $8K | 20x |
edgeX TSMUSDC
HTX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $36.32
- Price spread: +0.113% → 0.000%
- $11.27
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $26.59
- Costs to cover
- 0.210%
- Break-even
- 1.9 days
Slippage unknown: edgeX: live order book, 44 min ago; HTX: no order-book sample. Net counts fees only.
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, 44 min ago | 5.12 bp | 9.9 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TSM on 28 exchanges
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 | −0.0173% | 4h | 440.83 | long leg | $47K | $216K | 10x | |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 440.76 | −0.017% | $373K | $100K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.21 | +0.085% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.22 | +0.088% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.49 | +0.149% | $4.1M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.39 | +0.126% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.53 | +0.158% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.52 | +0.156% | $553K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.42 | +0.133% | $1K | $3.8M | 10x | as long as short |
| HTX TSM-USDTshort | 0.0000% | 8h | 441.33 | +0.113% | $9K | $8K | 20x |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 441.61 | +0.176% | $1.5M | $551K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.49 | +0.149% | $497K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.51 | +0.154% | $195K | $742K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.16 | +0.074% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.12 | +0.065% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.14 | +0.070% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.99 | +0.036% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.88 | +0.011% | $158K | $28K | 10x | as long as short |
| Binance TSMUSDT | +0.0061% | 8h | 441.51 | +0.155% | $13.0M | $8.4M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.38 | +0.124% | $1K | $217K | 10x | as long as short |
| BloFin TSM-USDT | +0.0081% | 8h | 441.67 | +0.190% | $45K | $114K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.10 | +0.061% | $269K | $428K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.30 | +0.106% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.39 | +0.125% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 441.38 | +0.124% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.707% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0249% | 8h | 441.25 | +0.094% | $8K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0339% | 1h | 441.45 | +0.140% | $4 | $10K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL