Funding you earn now, next payment 10:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.061%
Price spread now: Injective against BloFin+0.861%114s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.861% dearer against BloFin than usual: you sell high and buy low: +$86 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 114 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 | 440.16 | 0.0023 | pay 0.0023% / 8h | 6h 59m | $45K | $110K | 20x |
| Short | Injective TSM/USDC PERP | 443.95 | 0.0220 | get 0.0028% / 1h | 59m 19s | $6K | $38K | 12x |
BloFin TSM-USDT
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $41.38
- Price spread: +0.861% → 0.000%
- $86.11
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $115.47
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 56 min ago; Injective: no order-book sample. Net counts fees only.
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, 56 min ago | 0.91 bp | 12.7 bp −$13 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.24 | −0.209% | $371K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.97 | −0.042% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.80 | −0.082% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.02 | −0.032% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.87 | −0.066% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.03 | −0.030% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.05 | −0.024% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.28 | +0.027% | $2K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | 0.000% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.38 | +0.050% | $1.5M | $543K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDTlong | +0.0023% | 8h | 440.16 | long leg | $45K | $110K | 20x | |
| Extended TSM-USD | +0.0024% | 1h | 440.14 | −0.005% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0026% | 8h | 440.28 | +0.027% | $12.9M | $8.3M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.99 | −0.039% | $495K | $142K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.03 | −0.030% | $196K | $724K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.76 | −0.091% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.72 | −0.100% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.78 | −0.086% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.78 | −0.086% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.48 | −0.154% | $158K | $27K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.64 | −0.118% | $267K | $371K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.08 | −0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.15 | −0.002% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.86 | −0.068% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 443.95 | +0.861% | $6K | $38K | 12x | |
| GRVT TSM_USDT_Perp | +0.0238% | 8h | 439.96 | −0.045% | $12K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0242% | 4h | 440.12 | −0.008% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0728% | 1h | 440.12 | −0.009% | $4 | $13K | 10x | as long as short |
Extended TSM-USD
Binance TSMUSDT
Lighter TSM
Lighter RH TSM
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
GRVT TSM_USDT_Perp
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL