Funding you earn now, next payment 07:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h +0.026%
Price spread now: Phoenix against edgeX0.000%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now 0.000%, 7d avg −0.014%
=Together, before fees+0.615%+ Points / potential airdropedgeX: Active · farm board+$62 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.353%, 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 | edgeX TSMUSDC | 440.07 | 0.0338 | pay 0.0169% / 4h | 4m 31s | $47K | $216K | 10x |
| Short | Phoenix TSM | 440.07 | 0.0146 | get 0.0018% / 1h | 4m 31s | $214K | $5K | 10x |
edgeX TSMUSDC
Phoenix TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$40.33
- Price spread: 0.000% → −0.014%
- $1.46
- Slippage, 4 orders
- −$28.24
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$83.12
- Costs to cover
- 0.442%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 32 min ago; Phoenix: live order book, 28 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, 32 min ago | 5.80 bp | 10.5 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 3.64 bp | 11.6 bp −$12 | 24.6 bp −$246 | 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 | −0.0020% | 8h | 440.06 | −0.002% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.05 | −0.004% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.85 | −0.050% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.13 | +0.014% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.95 | −0.027% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.06 | −0.003% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.17 | +0.023% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.08 | +0.003% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.61 | +0.123% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.94 | −0.029% | $495K | $190K | 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 | 439.88 | −0.043% | $222K | $725K | 10x | as long as short |
| BloFin TSM-USDT | +0.0045% | 8h | 440.09 | +0.005% | $45K | $107K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.75 | −0.072% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.66 | −0.093% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | −0.052% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.75 | −0.072% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.96 | −0.025% | $157K | $28K | 10x | as long as short |
| Binance TSMUSDT | +0.0053% | 8h | 440.13 | +0.014% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.00 | −0.015% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.168% | $366K | $97K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0071% | 8h | 440.17 | +0.023% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.80 | −0.061% | $267K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.09 | +0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.05 | −0.004% | $123 | — | 10x | as long as short |
| Phoenix TSMshort | +0.0146% | 1h | 440.07 | 0.000% | $214K | $5K | 10x | |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.898% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0318% | 1h | 440.09 | +0.005% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDClong | +0.0338% | 4h | 440.07 | long leg | $47K | $216K | 10x |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL