Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h −0.009%
Price spread now: BloFin against Bitget+0.031%115s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$380.378% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.031%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 115 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 | Bitget TSMUSDT | 447.25 | 0 | get 0.0000% / 8h | 7h 51m | $1.6M | $1.4M | 20x |
| Short | BloFin TSM-USDT | 447.39 | 0.0031 | get 0.0031% / 8h | 7h 51m | $44K | $102K | 20x |
Bitget TSMUSDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $6.53
- Price spread: +0.031% → −0.007%
- $3.86
- Slippage, 4 orders
- −$13.83
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.44
- Costs to cover
- 0.378%
- Break-even
- 36.4 days
Slippage from Bitget: live order book, just now; BloFin: live order book, 3 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 Bitget live order book, just now | 1.90 bp | 13.8 bp −$14 | 24.3 bp −$243 | 50.5 bp −$5,050 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.11 bp | 8.2 bp −$8 | 15.4 bp −$154 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0169% | 4h | 447.25 | −0.001% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.067% | $358K | $103K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.23 | −0.003% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.26 | +0.002% | $4K | $169K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.11 | −0.031% | $2.0M | $412K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.42 | +0.038% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.00 | −0.056% | $1.7M | $890K | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 447.25 | long leg | $1.6M | $1.4M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 447.32 | +0.016% | $554K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.28 | +0.007% | $9K | $1.1M | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.30 | +0.011% | $2K | $5.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.30 | +0.011% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.41 | +0.036% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0003% | 8h | 447.36 | +0.025% | $13.2M | $6.9M | 20x | as long as short |
| BloFin TSM-USDTshort | +0.0031% | 8h | 447.39 | +0.031% | $44K | $102K | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 447.41 | +0.036% | $231K | $617K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.25 | 0.000% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.09 | −0.036% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.08 | −0.038% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.95 | −0.067% | $143 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.09 | −0.036% | $159K | $19K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.14 | −0.025% | $271K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.33 | +0.018% | $21 | — | 10x | as long as short |
| Lighter TSM | +0.0104% | 1h | 447.81 | +0.125% | $505K | $166K | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.29 | +0.010% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.20 | −0.011% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.76 | +1.008% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0242% | 1h | 447.26 | +0.002% | $4 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Lighter TSM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL