Funding you earn now, next payment 16:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Bitget+0.080%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.080%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.088% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 437.26 | 0 | get 0.0000% / 8h | 7h 53m | $1.8M | $1.5M | 20x |
| Short | BloFin TSM-USDT | 437.61 | 0.0034 | get 0.0034% / 8h | 7h 53m | $45K | $107K | 20x |
Bitget TSMUSDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $7.06
- Price spread: +0.080% → −0.008%
- $8.76
- Slippage, 4 orders
- −$20.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.33
- Costs to cover
- 0.442%
- Break-even
- 35.1 days
Slippage from Bitget: live order book, 4 min ago; BloFin: 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 Bitget live order book, 4 min ago | 2.28 bp | 12.3 bp −$12 | 33.0 bp −$330 | 59.1 bp −$5,912 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.91 bp | 10.7 bp −$11 | 18.5 bp −$185 | 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 TSMUSDC | −0.0700% | 4h | 438.16 | +0.205% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.12 | +0.196% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.09 | −0.039% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.40 | +0.032% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.35 | +0.021% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 437.26 | long leg | $1.8M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 439.14 | +0.429% | $553K | $43K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.82 | +0.129% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 437.47 | +0.048% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 438.04 | +0.178% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 438.24 | +0.224% | $1.5M | $525K | 10x | as long as short |
| Binance TSMUSDT | +0.0029% | 8h | 437.50 | +0.055% | $12.8M | $8.1M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.28 | +0.005% | $492K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 437.09 | −0.039% | $194K | $734K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 437.39 | +0.030% | $3K | $219K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0034% | 8h | 437.61 | +0.080% | $45K | $107K | 20x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 436.96 | −0.069% | $369K | $100K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 436.90 | −0.082% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 436.90 | −0.082% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.31 | +0.011% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.05 | −0.048% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 436.92 | −0.078% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.41 | +0.034% | $265K | $323K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 437.69 | +0.098% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.46 | +0.045% | $122 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.14 | +0.430% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.530% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0231% | 1h | 437.13 | −0.030% | $4 | $17K | 10x | as long as short |
Phemex TSMUSDT
Binance TSMUSDT
Lighter TSM
Lighter RH TSM
Extended TSM-USD
Coinbase International TSM-PERP-INTX
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
Deribit TSM_USDC-PERPETUAL