Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.5% APRnext payment +$0.77 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Phemex−0.016%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 441.77 | 0 | get 0.0000% / 8h | 4h 16m | $1.5M | $471K | 10x |
| Short | BloFin TSM-USDT | 441.70 | 0.0077 | get 0.0077% / 8h | 4h 16m | $45K | $99K | 20x |
Phemex TSMUSDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $16.23
- Price spread: −0.016% → 0.000%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.35
- Costs to cover
- 0.240%
- Break-even
- 11.0 days
Slippage unknown: Phemex: live order book, 1 min ago; BloFin: no order-book sample. Net counts fees only.
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 Phemex live order book, 1 min ago | 4.07 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0963% | 4h | 441.88 | +0.025% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0081% | 8h | 441.92 | +0.034% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.87 | +0.023% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.60 | −0.038% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.64 | −0.029% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.64 | −0.029% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.83 | +0.014% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.66 | −0.025% | $2K | $4.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 441.45 | −0.072% | $97 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.47 | −0.068% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDTlong | 0.0000% | 8h | 441.77 | long leg | $1.5M | $471K | 10x | |
| Lighter TSM | +0.0032% | 1h | 441.88 | +0.025% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.62 | −0.034% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.44 | −0.075% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.52 | −0.057% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.33 | −0.100% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.32 | −0.102% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.30 | −0.106% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0076% | 8h | 441.71 | −0.013% | $13.0M | $7.3M | 20x | as long as short |
| BloFin TSM-USDTshort | +0.0077% | 8h | 441.70 | −0.016% | $45K | $99K | 20x | |
| Extended TSM-USD | +0.0080% | 1h | 441.61 | −0.035% | $1K | $190K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.40 | −0.084% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.57 | −0.045% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.61 | −0.037% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.222% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0135% | 8h | 441.74 | −0.006% | $11K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.66 | −0.025% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.340% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP