Funding you earn now, next payment 02:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h −0.008%
Price spread now: BloFin against Extended+0.086%174s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as 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−$320.320% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.086%, 7d avg +0.031%
=Together, before fees−0.112%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.055% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 174 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 | Extended TSM-USD | 445.31 | 0 | get 0.0000% / 1h | 46m 19s | $5K | $198K | 10x |
| Short | BloFin TSM-USDT | 445.69 | 0.0017 | get 0.0017% / 8h | 6h 46m | $45K | $99K | 20x |
Extended TSM-USD
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Extended. 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
- $3.54
- Price spread: +0.086% → +0.031%
- $5.5
- Slippage, 4 orders
- −$15.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23
- Costs to cover
- 0.320%
- Break-even
- 52.5 days
Slippage from Extended: live order book, 20 min ago; BloFin: live order book, 68 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 Extended live order book, 20 min ago | 0.45 bp | 8.5 bp −$8 | 80.9 bp −$809 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 68 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 | 445.34 | +0.007% | $82K | $1K | 20x | as long as short |
| Extended TSM-USDlong | 0.0000% | 1h | 445.31 | long leg | $5K | $198K | 10x | |
| Binance TSMUSDT | 0.0000% | 8h | 445.42 | +0.026% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.11 | −0.044% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.38 | +0.017% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.21 | −0.022% | $1.7M | $908K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.35 | +0.010% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.42 | +0.025% | $551K | $82K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.60 | +0.066% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.48 | +0.039% | $1K | $4.8M | 10x | as long as short |
Aster TSMUSDT
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 | +0.079% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.47 | +0.037% | $1.5M | $454K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 445.16 | −0.033% | $367K | $104K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0017% | 8h | 445.69 | +0.086% | $45K | $99K | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 445.40 | +0.021% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.01 | −0.067% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.99 | −0.071% | $10.2M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.24 | −0.015% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.91 | −0.089% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.10 | −0.046% | $159K | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0066% | 4h | 445.55 | +0.056% | $48K | $216K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.09 | −0.049% | $270K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.37 | +0.014% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.41 | +0.023% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 445.34 | +0.008% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.204% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0440% | 1h | 445.95 | +0.145% | $503K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0604% | 1h | 445.36 | +0.012% | $4 | $32K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
edgeX TSMUSDC
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL