Funding you earn now, next payment 21:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.052%
Price spread now: Phoenix against BloFin−0.040%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.040%, 7d avg −0.031%
=The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TSM-USDT | 445.17 | 0.0024 | pay 0.0024% / 8h | 2h 06m | $44K | $105K | 20x |
| Short | Phoenix TSM | 444.99 | 0.0180 | get 0.0022% / 1h | 6m 51s | $216K | $5K | 10x |
BloFin TSM-USDT
Phoenix TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $32.83
- Price spread: −0.040% → −0.031%
- −$0.94
- Slippage, 4 orders
- −$20.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$7.66
- Costs to cover
- 0.395%
- Break-even
- 8.6 days
Slippage from BloFin: live order book, 72 min ago; Phoenix: live order book, 11 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, 72 min ago | 0.22 bp | 10.0 bp −$10 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 11 min ago | 2.92 bp | 10.2 bp −$10 | 21.0 bp −$210 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 445.06 | −0.025% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.06 | −0.025% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.12 | −0.012% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.86 | −0.070% | $2.0M | $419K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.01 | −0.036% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.90 | −0.061% | $1.7M | $923K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.07 | −0.022% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.20 | +0.007% | $551K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.14 | −0.007% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.11 | −0.013% | $1K | $5.4M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 445.16 | −0.002% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.97 | −0.045% | $1.5M | $465K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.128% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDTlong | +0.0024% | 8h | 445.17 | long leg | $44K | $105K | 20x | |
| edgeX TSMUSDC | +0.0026% | 4h | 445.17 | +0.001% | $48K | $214K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.20 | +0.007% | $224K | $685K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.91 | −0.058% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.76 | −0.092% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.95 | −0.049% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.76 | −0.092% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.02 | −0.034% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.67 | −0.112% | $269K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.16 | −0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.28 | +0.025% | $125 | — | 10x | as long as short |
| Phoenix TSMshort | +0.0180% | 1h | 444.99 | −0.040% | $216K | $5K | 10x | |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.220% | $7K | $39K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0334% | 1h | 445.16 | −0.002% | $4 | $61K | 10x | as long as short |
| Lighter TSM | +0.0672% | 1h | 445.89 | +0.162% | $503K | $161K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
edgeX TSMUSDC
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
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM