Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.009%
Price spread now: OKX against BloFin−0.011%73s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$400.402% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.011%, 7d avg −0.052%
=The price spread pays, funding is against you. OKX is 0.041% dearer against BloFin than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.052%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.014% in total) that is about 21 days. The two prices were read 73 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 | 439.94 | 0.0050 | pay 0.0050% / 8h | 1h 50m | $45K | $105K | 20x |
| Short | OKX TSM-USDT-SWAP | 439.89 | 0 | get 0.0000% / 8h | 1h 50m | $4.0M | $2.6M | 20x |
BloFin TSM-USDT
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.58
- Price spread: −0.011% → −0.052%
- $4.06
- Slippage, 4 orders
- −$18.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$46.74
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 min ago; OKX: 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 BloFin live order book, 21 min ago | 0.68 bp | 11.1 bp −$11 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.68 bp | 10.1 bp −$10 | 21.1 bp −$211 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0187% | 8h | 440.33 | +0.089% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.14 | +0.045% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.74 | −0.045% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 439.89 | −0.011% | $4.0M | $2.6M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 439.81 | −0.030% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.85 | −0.021% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.02 | +0.018% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.04 | +0.023% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.91 | +0.220% | $1.5M | $514K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.12 | +0.041% | $496K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
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 | 439.84 | −0.023% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.37 | −0.130% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.139% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.51 | −0.098% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.77 | −0.039% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.42 | −0.118% | $134 | $3K | 10x | as long as short |
| BloFin TSM-USDTlong | +0.0050% | 8h | 439.94 | long leg | $45K | $105K | 20x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.36 | −0.132% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.96 | +0.005% | $5K | $179K | 10x | as long as short |
| Binance TSMUSDT | +0.0066% | 8h | 440.05 | +0.025% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 439.96 | +0.005% | $4K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.60 | −0.077% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.92 | −0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.98 | +0.009% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.71 | −0.052% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.221% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0797% | 1h | 439.95 | +0.002% | $97 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0890% | 4h | 439.89 | −0.011% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC