TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.68 per $10,000 · paid last 24h −0.009%

Price spread now: SunX against BloFin0.000%55s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as 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−$2702.705% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now 0.000%, 7d avg −0.014%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. 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	BloFin TSM-USDT	440.11	0.0068	pay 0.0068% / 8h	5m 59s	$45K	$107K	20x
Short	SunX TSM-USDT	440.11	0	get 0.0000% / 8h	5m 59s	$2K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$14.3
Price spread: 0.000% → −0.014%: $1.43
Slippage, 4 orders: −$250.46
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$283.34
Costs to cover: 2.705%
Break-even: never at this rate

Slippage from BloFin: live order book, 60 min ago; SunX: live order book, 12 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, 60 min ago	0.23 bp	11.2 bp −$11	18.9 bp −$189	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	44.75 bp	126.8 bp −$127	doesn't fit	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	−0.0027%	8h	440.06	−0.011%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.11	−0.001%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.94	−0.039%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.11	0.000%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.95	−0.036%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.07	−0.009%	$559K	$38K	—	as long as short
SunX TSM-USDTshort	0.0000%	8h	440.11	0.000%	$2K	$4.0M	10x
HTX TSM-USDT	0.0000%	8h	440.08	−0.007%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.62	+0.116%	$1.5M	$522K	10x	as long as short
Lighter TSM	+0.0032%	1h	440.00	−0.025%	$495K	$190K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	439.90	−0.048%	$222K	$725K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.79	−0.073%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.71	−0.091%	$10.1M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.84	−0.061%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.75	−0.082%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.92	−0.043%	$157K	$28K	10x	as long as short
Binance TSMUSDT	+0.0056%	8h	440.10	−0.002%	$12.9M	$7.9M	20x	as long as short
Extended TSM-USD	+0.0056%	1h	440.00	−0.026%	$3K	$219K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0056%	1h	439.33	−0.177%	$366K	$97K	10x	as long as short
BloFin TSM-USDTlong	+0.0068%	8h	440.11	long leg	$45K	$107K	20x
GRVT TSM_USDT_Perp	+0.0075%	8h	440.18	+0.016%	$15K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.83	−0.064%	$267K	$314K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.09	−0.005%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.12	+0.003%	$123	—	10x	as long as short
Phoenix TSM	+0.0146%	1h	440.07	−0.009%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.02	+0.888%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0364%	1h	440.10	−0.002%	$4	$25K	10x	as long as short
edgeX TSMUSDC	+0.0428%	4h	440.08	−0.007%	$47K	$216K	10x	as long as short