Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.009%
Price spread now: Gate against BloFin−0.030%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$580.582% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.030%, 7d avg −0.068%
=The price spread pays, funding is against you. Gate is 0.038% dearer against BloFin than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.068%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.014% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TSM-USDT | 439.77 | 0.0046 | pay 0.0046% / 8h | 38m 51s | $45K | $106K | 20x |
| Short | Gate TSM_USDT | 439.64 | 0 | get 0.0000% / 8h | 38m 51s | $1.7M | $1.1M | 100x |
BloFin TSM-USDT
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$9.68
- Price spread: −0.030% → −0.068%
- $3.81
- Slippage, 4 orders
- −$31.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.08
- Costs to cover
- 0.582%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 27 min ago; Gate: 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 BloFin live order book, 27 min ago | 0.23 bp | 11.2 bp −$11 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.89 bp | 22.4 bp −$22 | 36.6 bp −$366 | 47.8 bp −$4,780 | 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 | −0.0155% | 8h | 439.74 | −0.007% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.32 | +0.353% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.38 | −0.089% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.72 | −0.011% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 439.64 | −0.030% | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 439.82 | +0.012% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.74 | −0.007% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | −0.045% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.78 | +0.230% | $1.5M | $528K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.70 | −0.016% | $496K | $188K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.47 | −0.068% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.39 | −0.086% | — | $2K | 25x | as long as short |
| BloFin TSM-USDTlong | +0.0046% | 8h | 439.77 | long leg | $45K | $106K | 20x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.17 | −0.136% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.54 | −0.052% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.23 | −0.123% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.55 | −0.050% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.100% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 439.80 | +0.007% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.68 | −0.020% | $8K | $186K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0070% | 8h | 439.78 | +0.002% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.40 | −0.084% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.66 | −0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.65 | −0.027% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.59 | −0.041% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.966% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0331% | 4h | 439.75 | −0.004% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0592% | 1h | 439.58 | −0.043% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL