Funding you earn now, next payment 11:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h +0.010%
Price spread now: tradeXYZ against BloFin−0.115%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.115%, 7d avg −0.103%
=Together, before fees+0.132%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.103%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TSM-USDT | 442.06 | 0.0125 | pay 0.0125% / 8h | 5h 26m | $46K | $117K | 20x |
| Short | tradeXYZ xyz:TSM | 441.55 | 0.0050 | get 0.0006% / 1h | 26m 38s | $10.2M | $2.0M | 10x |
BloFin TSM-USDT
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$15.77
- Price spread: −0.115% → −0.103%
- −$1.25
- Slippage, 4 orders
- −$13.29
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$60.31
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; tradeXYZ: 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, 9 min ago | 0.68 bp | 9.7 bp −$10 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.79 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0258% | 4h | 441.89 | −0.038% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.156% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.09 | +0.006% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.64 | −0.095% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.83 | −0.052% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.70 | −0.081% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.90 | −0.036% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.91 | −0.034% | $2K | $3.7M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 441.75 | −0.070% | $97 | $10K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.80 | −0.059% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 441.37 | −0.156% | $1.5M | $567K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.09 | +0.007% | $498K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.91 | −0.034% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.428% | $6K | $38K | 12x | as long as short |
| Variational Omni TSM | +0.0040% | 8h | 441.71 | −0.080% | $554K | $44K | — | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.37 | −0.156% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 441.55 | −0.115% | $10.2M | $2.0M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.64 | −0.095% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.53 | −0.120% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.40 | −0.149% | $158K | $33K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.59 | −0.106% | $268K | $466K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.88 | −0.041% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.84 | −0.050% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0107% | 8h | 441.92 | −0.032% | $13.0M | $8.6M | 20x | as long as short |
| Extended TSM-USD | +0.0112% | 1h | 441.77 | −0.066% | $5K | $216K | 10x | as long as short |
| BloFin TSM-USDTlong | +0.0125% | 8h | 442.06 | long leg | $46K | $117K | 20x | |
| Phoenix TSM | +0.0253% | 1h | 441.96 | −0.023% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0335% | 8h | 442.20 | +0.032% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Variational Omni TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Binance TSMUSDT
Extended TSM-USD
Phoenix TSM
GRVT TSM_USDT_Perp