Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against SunX+0.048%55s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as 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−$2722.716% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.048%, 7d avg +0.014%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.034% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 55 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 | SunX TSM-USDT | 440.39 | 0 | get 0.0000% / 8h | 1h 57m | $2K | $4.2M | 10x |
| Short | BloFin TSM-USDT | 440.60 | 0.0054 | get 0.0054% / 8h | 1h 57m | $45K | $105K | 20x |
SunX TSM-USDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. 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
- $11.39
- Price spread: +0.048% → +0.014%
- $3.39
- Slippage, 4 orders
- −$251.63
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$256.85
- Costs to cover
- 2.716%
- Break-even
- 164.8 days
Slippage from SunX: live order book, 11 min ago; BloFin: live order book, 14 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 SunX live order book, 11 min ago | 44.78 bp | 122.9 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 0.68 bp | 10.8 bp −$11 | 17.6 bp −$176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0173% | 8h | 440.47 | +0.018% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.15 | −0.054% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.06 | −0.075% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.09 | −0.068% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.01 | −0.086% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.63 | +0.054% | $558K | $36K | — | as long as short |
| SunX TSM-USDTlong | 0.0000% | 8h | 440.39 | long leg | $2K | $4.2M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 440.30 | −0.020% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.73 | +0.077% | $1.5M | $514K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.24 | −0.034% | $496K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.06 | −0.075% | $225K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.66 | −0.166% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.241% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.67 | −0.163% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.90 | −0.111% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.102% | $157K | $27K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0054% | 8h | 440.60 | +0.048% | $45K | $105K | 20x | |
| Polymarket Perps TSM-USD | +0.0056% | 1h | 439.93 | −0.104% | $192K | $63K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0056% | 8h | 440.68 | +0.066% | $16K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0061% | 8h | 440.15 | −0.054% | $12.8M | $7.8M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.09 | −0.068% | $5K | $183K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.81 | −0.132% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.13 | −0.059% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.12 | −0.060% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.19 | −0.045% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.117% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0294% | 4h | 440.51 | +0.027% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0728% | 1h | 440.30 | −0.020% | $97 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
Binance TSMUSDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL