TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.009%

Price spread now: BloFin against HTX−0.161%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.161% cheaper against HTX than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 10 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TSM-USDT	441.78	0	get 0.0000% / 8h	2h 46m	$9K	$8K	20x
Short	BloFin TSM-USDT	441.07	0.0053	get 0.0053% / 8h	2h 46m	$45K	$102K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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 HTXbpFee BloFinbpOrdersPrice spread, now −0.161%Rate

Funding earned: $11.03
Price spread: −0.161% → 0.000%: −$16.07
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.04
Costs to cover: 0.240%
Break-even: 25.4 days

Slippage unknown: HTX: no order-book sample; BloFin: live order book, 32 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 32 min ago	0.45 bp	10.0 bp −$10	15.5 bp −$155	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0173%	8h	441.02	−0.172%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.04	−0.168%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.85	−0.211%	$2.0M	$396K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.10	−0.154%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.92	−0.195%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.03	−0.170%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.06	−0.163%	$1K	$4.2M	10x	as long as short
HTX TSM-USDTlong	0.0000%	8h	441.78	long leg	$9K	$8K	20x
Phemex TSMUSDT	0.0000%	8h	441.24	−0.122%	$1.5M	$495K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.03	−0.170%	$497K	$137K	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	441.09	−0.156%	$220K	$679K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.74	−0.235%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.78	−0.226%	$10.2M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.86	−0.208%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.71	−0.242%	$134	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.83	−0.215%	$157K	$23K	10x	as long as short
BloFin TSM-USDTshort	+0.0053%	8h	441.07	−0.161%	$45K	$102K	20x
Extended TSM-USD	+0.0056%	1h	441.00	−0.177%	$6K	$196K	10x	as long as short
Binance TSMUSDT	+0.0058%	8h	441.13	−0.147%	$12.9M	$7.6M	20x	as long as short
GRVT TSM_USDT_Perp	+0.0058%	8h	440.97	−0.183%	$9K	$1.3M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	440.03	−0.396%	$367K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.71	−0.242%	$267K	$311K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.06	−0.163%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.04	−0.168%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	441.03	−0.170%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.50	+0.842%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0385%	1h	441.09	−0.156%	$97	$24K	10x	as long as short
edgeX TSMUSDC	+0.0439%	4h	440.98	−0.181%	$48K	$217K	10x	as long as short