TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against BloFin−0.013%61s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as 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−$330.330% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 2 days (all we have)−0.003%$0 · spread now −0.013%, 7d avg −0.004%

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

The price spread sits at its 7-day average of −0.004%, 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 cost −0.258%, so the current rate has only just turned in your favour. The two prices were read 61 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	445.96	−0.0021	get 0.0021% / 8h	1h 24m	$44K	$105K	20x
Short	Binance TSMUSDT	445.90	0	get 0.0000% / 8h	1h 24m	$13.1M	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.013%Rate

Funding earned: $4.45
Price spread: −0.013% → −0.004%: −$0.95
Slippage, 4 orders: −$11.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.52
Costs to cover: 0.330%
Break-even: 53.4 days

Slippage from BloFin: live order book, 43 min ago; Binance: live order book, 16 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, 43 min ago	0.11 bp	9.5 bp −$10	17.3 bp −$173	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.11 bp	6.6 bp −$7	16.3 bp −$163	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	445.96	long leg	$44K	$105K	20x
Aster TSMUSDT	0.0000%	8h	445.68	−0.063%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	445.86	−0.023%	$2K	$167K	10x	as long as short
Binance TSMUSDTshort	0.0000%	8h	445.90	−0.013%	$13.1M	$7.0M	20x
Bybit TSMUSDT	0.0000%	8h	445.66	−0.067%	$2.0M	$421K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	445.80	−0.036%	$4.0M	$3.1M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	445.59	−0.083%	$1.7M	$922K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	445.86	−0.022%	$1.6M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	445.92	−0.009%	$552K	$85K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	445.82	−0.031%	$15K	$1.1M	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	445.92	−0.009%	$1K	$5.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	445.76	−0.045%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	445.14	−0.184%	$1.5M	$471K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0008%	1h	444.60	−0.305%	$356K	$96K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	446.01	+0.011%	$225K	$601K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	445.77	−0.043%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	445.63	−0.074%	$10.3M	$2.6M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	445.77	−0.043%	$196K	$91K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	445.59	−0.083%	$147	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	445.78	−0.040%	$159K	$22K	10x	as long as short
edgeX TSMUSDC	+0.0058%	4h	445.72	−0.053%	$48K	$214K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	445.45	−0.114%	$270K	$335K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	445.86	−0.022%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	445.85	−0.025%	$125	—	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0131%	1h	445.85	−0.025%	$4	$61K	10x	as long as short
Phoenix TSM	+0.0162%	1h	445.82	−0.031%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	449.91	+0.886%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0440%	1h	446.56	+0.135%	$504K	$167K	10x	as long as short