Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Gate+0.018%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now +0.018%, 7d avg +0.064%
=Funding pays, the price is against you. Binance is 0.046% cheaper against Gate than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.064%). If the spread goes back, that is −$5 on $10k: about 2.5 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.250%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 440.03 | 0 | get 0.0000% / 8h | 16m 01s | $1.7M | $1.1M | 100x |
| Short | Binance TSMUSDT | 440.11 | 0.0062 | get 0.0062% / 8h | 16m 01s | $12.9M | $8.0M | 20x |
Gate TSM_USDT
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $12.93
- Price spread: +0.018% → +0.064%
- −$4.59
- Slippage, 4 orders
- −$27.7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.36
- Costs to cover
- 0.527%
- Break-even
- 31.0 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 9 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 Gate live order book, 2 min ago | 5.57 bp | 13.9 bp −$14 | 86.5 bp −$865 | 145.3 bp −$14.5K | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.02 bp | 11.8 bp −$12 | 28.1 bp −$281 | 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 | −0.0074% | 8h | 439.83 | −0.045% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.95 | −0.019% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.77 | −0.059% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.18 | +0.034% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 440.03 | long leg | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | −0.002% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.23 | +0.045% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.21 | +0.041% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.76 | +0.166% | $1.5M | $524K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.02 | −0.002% | $495K | $190K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 440.01 | −0.005% | $222K | $725K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.72 | −0.070% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0048% | 8h | 440.28 | +0.057% | $45K | $107K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.67 | −0.082% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | −0.043% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.75 | −0.064% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.64 | −0.089% | $157K | $28K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.159% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0062% | 8h | 440.11 | +0.018% | $12.9M | $8.0M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 440.01 | −0.004% | $3K | $221K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0077% | 8h | 440.10 | +0.016% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.60 | −0.098% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.14 | +0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.02 | −0.002% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.98 | −0.011% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.907% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0387% | 1h | 440.12 | +0.020% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0599% | 4h | 440.13 | +0.022% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC