Funding you earn now, next payment 01:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.011%
Price spread now: BloFin against Polymarket Perps+0.047%105s7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$280.281% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.047%, 7d avg +0.085%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.038% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.085%). Swap the legs. The two prices were read 105 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 | Polymarket Perps TSM-USD | 447.09 | 0.0050 | pay 0.0006% / 1h | 33m 24s | $197K | $41K | 10x |
| Short | BloFin TSM-USDT | 447.30 | −0.0021 | pay 0.0021% / 8h | 7h 33m | $44K | $102K | 20x |
Polymarket Perps TSM-USD
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Polymarket Perps. 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
- −$14.88
- Price spread: +0.047% → +0.085%
- −$3.81
- Slippage, 4 orders
- −$8.14
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.83
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 38 min ago; BloFin: live order book, 21 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 Polymarket Perps live order book, 38 min ago | 0.11 bp | 8.6 bp −$9 | 8.6 bp −$86 | 10.8 bp −$1,081 | doesn't fit |
| Sell BloFin live order book, 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.031% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDTshort | −0.0021% | 8h | 447.30 | +0.047% | $44K | $102K | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 447.26 | +0.038% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.19 | +0.023% | $4K | $199K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.28 | +0.043% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.05 | −0.009% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.15 | +0.013% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.97 | −0.027% | $1.7M | $907K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.36 | +0.061% | $554K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.35 | +0.058% | $9K | $1.1M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.27 | +0.040% | $2K | $5.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.14 | +0.011% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.27 | +0.040% | $1.5M | $452K | 10x | as long as short |
| Bitget TSMUSDT | +0.0008% | 8h | 447.29 | +0.045% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.25 | +0.036% | $231K | $638K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.16 | +0.016% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.89 | −0.045% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 447.09 | long leg | $197K | $41K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 446.94 | −0.034% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.09 | 0.000% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.90 | −0.042% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.20 | +0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.16 | +0.016% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.34 | +0.056% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.06 | +1.112% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0256% | 1h | 447.83 | +0.166% | $505K | $166K | 10x | as long as short |
| edgeX TSMUSDC | +0.0389% | 4h | 447.28 | +0.043% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0421% | 1h | 447.16 | +0.016% | $4 | $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
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL