Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.24 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Binance−0.007%101s7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as 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−$390.385% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.007%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.263%, so the current rate has only just turned against you. The two prices were read 101 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 | Binance TSMUSDT | 439.71 | 0.0068 | pay 0.0068% / 8h | 1h 43m | $12.9M | $7.8M | 20x |
| Short | BloFin TSM-USDT | 439.68 | 0.0043 | get 0.0043% / 8h | 1h 43m | $45K | $105K | 20x |
Binance TSMUSDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.14
- Price spread: −0.007% → +0.008%
- −$1.53
- Slippage, 4 orders
- −$16.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.19
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 27 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 Binance live order book, 12 min ago | 0.23 bp | 8.1 bp −$8 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 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 | −0.0203% | 8h | 439.69 | −0.005% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.66 | −0.011% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.47 | −0.055% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.63 | −0.018% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.48 | −0.052% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | −0.035% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.70 | −0.002% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.68 | −0.007% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.76 | +0.239% | $1.5M | $514K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.67 | −0.009% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
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 | 439.53 | −0.041% | $224K | $684K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0043% | 8h | 439.68 | −0.007% | $45K | $105K | 20x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.29 | −0.096% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.086% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.21 | −0.114% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.42 | −0.066% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.19 | −0.118% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.12 | −0.134% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.61 | −0.022% | $5K | $179K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0068% | 8h | 439.71 | long leg | $12.9M | $7.8M | 20x | |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.77 | +0.014% | $4K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.35 | −0.082% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.63 | −0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.48 | −0.052% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.47 | −0.055% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.133% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0243% | 4h | 439.65 | −0.014% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0661% | 1h | 439.56 | −0.034% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL