TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance+0.010%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.395% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.010%, 7d avg +0.009%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSMUSDT	441.20	0.0057	pay 0.0057% / 8h	2h 45m	$12.9M	$7.6M	20x
Short	BloFin TSM-USDT	441.24	0.0065	get 0.0065% / 8h	2h 45m	$45K	$102K	20x

Funding history

latest

Range statsloading…

BloFin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.010%Rate

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 33 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.91 bp	9.6 bp −$10	22.8 bp −$228	doesn't fit	doesn't fit
Sell BloFin live order book, 33 min ago	0.45 bp	10.0 bp −$10	15.5 bp −$155	doesn't fit	doesn't fit

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	−0.0170%	8h	441.09	−0.024%	$1.7M	$1.5M	20x	as long as short
edgeX TSMUSDC	−0.0080%	4h	441.06	−0.031%	$48K	$217K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	441.06	−0.032%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.87	−0.074%	$2.0M	$396K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.00	−0.045%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.94	−0.058%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.07	−0.029%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.18	−0.004%	$2K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.78	+0.132%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.27	+0.016%	$1.5M	$495K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	441.03	−0.038%	$497K	$137K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	441.06	−0.031%	$220K	$679K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.75	−0.101%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.72	−0.108%	$10.2M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.82	−0.086%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.72	−0.108%	$134	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.83	−0.083%	$157K	$23K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0054%	8h	440.98	−0.050%	$8K	$1.3M	10x	as long as short
Extended TSM-USD	+0.0056%	1h	441.06	−0.031%	$6K	$196K	10x	as long as short
Binance TSMUSDTlong	+0.0057%	8h	441.20	long leg	$12.9M	$7.6M	20x
BloFin TSM-USDTshort	+0.0065%	8h	441.24	+0.010%	$45K	$102K	20x
Coinbase International TSM-PERP-INTX	+0.0072%	1h	440.03	−0.265%	$367K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.67	−0.120%	$268K	$311K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.09	−0.024%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.15	−0.011%	$124	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	441.03	−0.038%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.50	+0.975%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0385%	1h	441.02	−0.040%	$97	$24K	10x	as long as short