Funding you earn now, next payment 03:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.005%
Price spread now: tradeXYZ against edgeX−0.058%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.058%, 7d avg −0.089%
=Together, before fees+0.260%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.031% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 443.94 | −0.0056 | get 0.0028% / 4h | 1h 23m | $48K | $216K | 10x |
| Short | tradeXYZ xyz:TSM | 443.68 | 0.0050 | get 0.0006% / 1h | 23m 09s | $10.2M | $2.3M | 10x |
edgeX TSMUSDC
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $22.16
- Price spread: −0.058% → −0.089%
- $3.11
- Slippage, 4 orders
- −$17.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$18.94
- Costs to cover
- 0.442%
- Break-even
- 13.0 days
Slippage from edgeX: live order book, 39 min ago; tradeXYZ: live order book, 4 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, 39 min ago | 5.19 bp | 9.9 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 1.01 bp | 12.8 bp −$13 | doesn't fit | 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 | −0.0056% | 4h | 443.94 | long leg | $48K | $216K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 444.28 | +0.077% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.008% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.15 | +0.048% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.99 | +0.012% | $1.7M | $958K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.08 | +0.032% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.96 | +0.006% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.10 | +0.037% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.92 | −0.004% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.24 | +0.068% | $1.5M | $445K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit TSM_USDC-PERPETUAL | +0.0020% | 1h | 444.02 | +0.019% | $4 | $24K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 444.36 | +0.095% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.04 | +0.023% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 444.00 | +0.015% | $1K | $191K | 10x | as long as short |
| Binance TSMUSDT | +0.0034% | 8h | 444.12 | +0.041% | $13.0M | $6.8M | 20x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 444.16 | +0.050% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.75 | −0.042% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 443.68 | −0.058% | $10.2M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.80 | −0.031% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.79 | −0.033% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.38 | −0.125% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.79 | −0.033% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.04 | +0.023% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | +0.027% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0111% | 8h | 443.98 | +0.010% | $9K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.148% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.71 | −0.051% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.026% | $7K | $38K | 12x | as long as short |
Deribit TSM_USDC-PERPETUAL
Lighter TSM
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP