Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.78 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BloFin+0.059%72s7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−$440.443% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.059%, 7d avg −0.049%
=The price spread pays, funding is against you. Bybit is 0.108% dearer against BloFin than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.049%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.007% in total) that is about 4 months. The two prices were read 72 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 | 440.38 | 0.0078 | pay 0.0078% / 8h | 2h 12m | $45K | $103K | 20x |
| Short | Bybit TSMUSDT | 440.64 | 0 | get 0.0000% / 8h | 2h 12m | $2.0M | $401K | 50x |
BloFin TSM-USDT
Bybit TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$16.48
- Price spread: +0.059% → −0.049%
- $10.81
- Slippage, 4 orders
- −$21.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.95
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 66 min ago; Bybit: live order book, 5 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, 66 min ago | 0.45 bp | 9.1 bp −$9 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.27 bp | 12.8 bp −$13 | 76.3 bp −$763 | 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 | −0.0351% | 4h | 440.09 | −0.065% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0238% | 8h | 440.69 | +0.070% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.52 | +0.032% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTshort | 0.0000% | 8h | 440.64 | +0.059% | $2.0M | $401K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.68 | +0.068% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.66 | +0.064% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | −0.070% | $552K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.90 | +0.118% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.26 | −0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.33 | +0.216% | $1.5M | $511K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster 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 | 440.71 | +0.075% | $496K | $138K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.65 | +0.061% | $220K | $681K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.35 | −0.007% | — | $1K | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 440.81 | +0.097% | $5K | $183K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0049% | 8h | 440.18 | −0.045% | $13K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.45 | +0.016% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.46 | +0.018% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.13 | −0.057% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −0.093% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0051% | 8h | 440.91 | +0.120% | $12.9M | $7.8M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.238% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDTlong | +0.0078% | 8h | 440.38 | long leg | $45K | $103K | 20x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.21 | −0.039% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.53 | +0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.75 | +0.084% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.13 | −0.057% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.970% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0522% | 1h | 440.66 | +0.064% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Extended TSM-USD
GRVT TSM_USDT_Perp
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
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