TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.14 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against BloFin+0.011%81s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.395% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.263%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSM-USDT	441.12	0.0044	pay 0.0044% / 8h	2h 51m	$45K	$101K	20x
Short	Binance TSMUSDT	441.17	0.0059	get 0.0059% / 8h	2h 51m	$12.9M	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: $3.02
Price spread: +0.011% → 0.000%: $1.13
Slippage, 4 orders: −$17.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.37
Costs to cover: 0.395%
Break-even: 89.0 days

Slippage from BloFin: live order book, 26 min ago; Binance: live order book, 3 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 BloFin live order book, 26 min ago	0.45 bp	9.1 bp −$9	16.9 bp −$169	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.91 bp	10.9 bp −$11	18.6 bp −$186	86.5 bp −$8,646	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	−0.0189%	8h	440.92	−0.045%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.92	−0.044%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.80	−0.073%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.10	−0.005%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.87	−0.057%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.18	+0.014%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.21	+0.020%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.20	+0.018%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.27	+0.034%	$1.5M	$494K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.03	−0.020%	$497K	$137K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	441.04	−0.018%	$220K	$676K	10x	as long as short
BloFin TSM-USDTlong	+0.0044%	8h	441.12	long leg	$45K	$101K	20x
Vest TSM-USD-PERP	+0.0046%	1h	440.74	−0.086%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.73	−0.088%	$10.2M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.88	−0.054%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.65	−0.107%	$137	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.96	−0.036%	$157K	$23K	10x	as long as short
Extended TSM-USD	+0.0056%	1h	441.11	−0.003%	$6K	$196K	10x	as long as short
Binance TSMUSDTshort	+0.0059%	8h	441.17	+0.011%	$12.9M	$7.6M	20x
GRVT TSM_USDT_Perp	+0.0069%	8h	440.99	−0.029%	$9K	$1.3M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	440.03	−0.247%	$367K	$102K	10x	as long as short
edgeX TSMUSDC	+0.0077%	4h	441.07	−0.012%	$48K	$216K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.70	−0.095%	$267K	$312K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.95	−0.039%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.96	−0.037%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	441.05	−0.016%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.33	+0.954%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0476%	1h	441.06	−0.014%	$4	$24K	10x	as long as short