Funding you earn now, next payment 05:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.004%
Price spread now: Bitget against tradeXYZ+0.064%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now +0.064%, 7d avg +0.126%
=Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.062% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.126%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 440.30 | 0.0050 | pay 0.0006% / 1h | 4m 55s | $10.2M | $2.0M | 10x |
| Short | Bitget TSMUSDT | 440.58 | −0.0223 | pay 0.0223% / 8h | 3h 04m | $1.8M | $1.5M | 20x |
tradeXYZ xyz:TSM
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against tradeXYZ. 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
- −$57.33
- Price spread: +0.064% → +0.126%
- −$6.2
- Slippage, 4 orders
- −$13.89
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.42
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Bitget: live order book, 2 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 tradeXYZ live order book, 3 min ago | 0.57 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.29 bp | 9.9 bp −$10 | 23.8 bp −$238 | 53.5 bp −$5,351 | 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 | −0.0980% | 4h | 440.31 | +0.001% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDTshort | −0.0223% | 8h | 440.58 | +0.064% | $1.8M | $1.5M | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 440.70 | +0.090% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.44 | +0.032% | $2.0M | $389K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.60 | +0.068% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.38 | +0.018% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.47 | +0.039% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.63 | +0.075% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.28 | −0.005% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.85 | +0.125% | $1.5M | $489K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.45 | +0.034% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.66 | +0.082% | $219K | $677K | 10x | as long as short |
| BloFin TSM-USDT | +0.0034% | 8h | 440.54 | +0.055% | $45K | $101K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.06 | −0.055% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 440.30 | long leg | $10.2M | $2.0M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.30 | 0.000% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.11 | −0.043% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.082% | $156K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 440.69 | +0.089% | $12.9M | $7.5M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.58 | +0.063% | $5K | $188K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0069% | 8h | 440.45 | +0.035% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.061% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.25 | −0.011% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.48 | +0.041% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.43 | +0.030% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.27 | −0.007% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +1.111% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0295% | 1h | 440.43 | +0.030% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL