Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against SunX−0.025%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$269as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2742.738% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.025%, 7d avg +0.020%
=Funding pays, the price is against you. Bitget is 0.045% cheaper against SunX than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.020%). If the spread goes back, that is −$4 on $10k: about 9.9 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TSM-USDT | 448.07 | 0 | get 0.0000% / 8h | 7h 28m | $2K | $4.9M | 10x |
| Short | Bitget TSMUSDT | 447.96 | 0.0015 | get 0.0015% / 8h | 7h 28m | $1.6M | $1.4M | 20x |
SunX TSM-USDT
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against SunX. 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
- $3.15
- Price spread: −0.025% → +0.020%
- −$4.45
- Slippage, 4 orders
- −$253.82
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$275.12
- Costs to cover
- 2.738%
- Break-even
- 618.4 days
Slippage from SunX: live order book, 10 min ago; Bitget: 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 SunX live order book, 10 min ago | 45.17 bp | 123.5 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.03 bp | 11.4 bp −$11 | 18.6 bp −$186 | 61.9 bp −$6,187 | 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 TSMUSDC | −0.0788% | 4h | 447.23 | −0.188% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.250% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0007% | 8h | 448.06 | −0.002% | $45K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.78 | −0.064% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.99 | −0.017% | $5K | $208K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 448.08 | +0.001% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.79 | −0.062% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.98 | −0.020% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.79 | −0.062% | $1.7M | $912K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.25 | −0.184% | $554K | $84K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.79 | −0.062% | $13K | $1.1M | 10x | as long as short |
| SunX TSM-USDTlong | 0.0000% | 8h | 448.07 | long leg | $2K | $4.9M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 448.10 | +0.007% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 448.02 | −0.011% | $1.5M | $454K | 10x | as long as short |
| Bitget TSMUSDTshort | +0.0015% | 8h | 447.96 | −0.025% | $1.6M | $1.4M | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 447.94 | −0.029% | $232K | $639K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.79 | −0.062% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.68 | −0.087% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.78 | −0.065% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.67 | −0.089% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.76 | −0.069% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.53 | −0.121% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.83 | −0.054% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.95 | −0.028% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.84 | −0.051% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.79 | +0.830% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0264% | 1h | 448.47 | +0.089% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0644% | 1h | 447.95 | −0.027% | $4 | $32K | 10x | as long as short |
GRVT TSM_USDT_Perp
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL