TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h −0.005%

Price spread now: OKX against BloFin+0.014%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.014%, 7d avg −0.051%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.065% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSM-USDT	438.09	−0.0021	get 0.0021% / 8h	7h 35m	$45K	$108K	20x
Short	OKX TSM-USDT-SWAP	438.15	0	get 0.0000% / 8h	7h 35m	$4.0M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $4.4
Price spread: +0.014% → −0.051%: $6.45
Slippage, 4 orders: −$21.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.85
Costs to cover: 0.437%
Break-even: 59.3 days

Slippage from BloFin: live order book, 20 min ago; OKX: live order book, 2 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 BloFin live order book, 20 min ago	0.91 bp	12.7 bp −$13	28.5 bp −$285	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.11 bp	12.7 bp −$13	23.9 bp −$239	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
BloFin TSM-USDTlong	−0.0021%	8h	438.09	long leg	$45K	$108K	20x
Aster TSMUSDT	0.0000%	8h	438.38	+0.066%	$81K	$2K	20x	as long as short
Extended TSM-USD	0.0000%	1h	438.14	+0.010%	$3K	$216K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	438.21	+0.027%	$12.8M	$8.2M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	437.94	−0.034%	$2.0M	$409K	50x	as long as short
OKX TSM-USDT-SWAPshort	0.0000%	8h	438.15	+0.014%	$4.0M	$2.7M	20x
Gate TSM_USDT	0.0000%	8h	438.05	−0.009%	$1.7M	$1.1M	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	438.19	+0.023%	$1.8M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	438.15	+0.014%	$549K	$45K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	438.27	+0.041%	$13K	$1.3M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TSM-USDT	0.0000%	8h	438.29	+0.046%	$1K	$4.0M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	438.02	−0.016%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	438.40	+0.071%	$1.5M	$533K	10x	as long as short
Lighter TSM	+0.0032%	1h	438.20	+0.025%	$493K	$189K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	438.11	+0.005%	$195K	$736K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0040%	1h	437.70	−0.089%	$371K	$101K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	437.87	−0.050%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	437.75	−0.078%	$10.0M	$1.9M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	437.72	−0.084%	$189K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	437.77	−0.073%	$137	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	437.67	−0.096%	$157K	$28K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	437.80	−0.066%	$265K	$333K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	438.07	−0.005%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	438.07	−0.005%	$123	—	10x	as long as short
Phoenix TSM	+0.0145%	1h	437.98	−0.025%	$208K	$10K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	443.95	+1.338%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0493%	4h	438.22	+0.030%	$47K	$216K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0527%	1h	438.13	+0.009%	$4	$13K	10x	as long as short