Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Gate+0.067%93s7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as 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−$500.496% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.067%, 7d avg +0.068%
=The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 93 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 | Gate TSM_USDT | 447.29 | 0 | get 0.0000% / 8h | 7h 07m | $1.7M | $929K | 100x |
| Short | BloFin TSM-USDT | 447.59 | −0.0010 | pay 0.0010% / 8h | 7h 07m | $45K | $101K | 20x |
Gate TSM_USDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$2.07
- Price spread: +0.067% → +0.068%
- −$0.1
- Slippage, 4 orders
- −$22.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.78
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 47 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 Gate live order book, 5 min ago | 4.14 bp | 12.8 bp −$13 | 84.5 bp −$845 | 143.2 bp −$14.3K | doesn't fit |
| Sell BloFin live order book, 47 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0757% | 4h | 447.37 | +0.017% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.076% | $358K | $99K | 10x | as long as short |
| BloFin TSM-USDTshort | −0.0010% | 8h | 447.59 | +0.067% | $45K | $101K | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 447.32 | +0.006% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.38 | +0.020% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.49 | +0.045% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.15 | −0.031% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.48 | +0.042% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 447.29 | long leg | $1.7M | $929K | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 447.40 | +0.025% | $554K | $82K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.59 | +0.067% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.41 | +0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.45 | +0.036% | $1.5M | $455K | 10x | as long as short |
| Bitget TSMUSDT | +0.0016% | 8h | 447.48 | +0.042% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.35 | +0.013% | $229K | $655K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.31 | +0.004% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.10 | −0.042% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.26 | −0.007% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.13 | −0.036% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.98 | −0.069% | $158K | $22K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0063% | 8h | 447.35 | +0.013% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.15 | −0.031% | $271K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.39 | +0.022% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.37 | +0.019% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.34 | +0.011% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.15 | +1.087% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0304% | 1h | 447.89 | +0.134% | $505K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0533% | 1h | 447.21 | −0.018% | $98 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Bitget TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL