Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.005%
Price spread now: BloFin against Coinbase International−0.166%58s7-day average +0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as 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−$320.323% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.166%, 7d avg +0.227%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.393% cheaper against Coinbase International than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +0.227%. The two prices were read 58 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 | Coinbase International TSM-PERP-INTX | 446.43 | 0.0016 | pay 0.0002% / 1h | 48m 12s | $358K | $94K | 10x |
| Short | BloFin TSM-USDT | 445.69 | 0.0017 | get 0.0017% / 8h | 6h 48m | $45K | $99K | 20x |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- $0.18
- Price spread: −0.166% → +0.227%
- −$39.25
- Slippage, 4 orders
- −$10.26
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.33
- Costs to cover
- 0.323%
- Break-even
- 2823.6 days
Slippage from Coinbase International: live order book, 20 min ago; BloFin: live order book, 67 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 Coinbase International live order book, 20 min ago | 3.13 bp | 8.1 bp −$8 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 67 min ago | 0.11 bp | 8.2 bp −$8 | 15.4 bp −$154 | 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 | 445.50 | −0.208% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.31 | −0.250% | $5K | $198K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.35 | −0.243% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.14 | −0.289% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.51 | −0.206% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.26 | −0.262% | $1.7M | $905K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.45 | −0.220% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.57 | −0.194% | $552K | $82K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.88 | −0.123% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.45 | −0.220% | $2K | $4.8M | 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 | 445.66 | −0.172% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.44 | −0.222% | $1.5M | $454K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0016% | 1h | 446.43 | long leg | $358K | $94K | 10x | |
| BloFin TSM-USDTshort | +0.0017% | 8h | 445.69 | −0.166% | $45K | $99K | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 445.34 | −0.244% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.04 | −0.311% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.92 | −0.338% | $10.2M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.10 | −0.298% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.06 | −0.307% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.10 | −0.298% | $158K | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.08 | −0.302% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.36 | −0.240% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.35 | −0.242% | $125 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0122% | 4h | 445.99 | −0.098% | $48K | $216K | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 445.34 | −0.244% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +0.950% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0357% | 1h | 445.29 | −0.255% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0432% | 1h | 445.94 | −0.110% | $503K | $170K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
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
edgeX TSMUSDC
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM