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: BloFin against OKX+0.071%63s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as 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−$390.391% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.071%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 63 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 | OKX TSM-USDT-SWAP | 439.35 | 0 | get 0.0000% / 8h | 46m 05s | $4.0M | $2.6M | 20x |
| Short | BloFin TSM-USDT | 439.66 | 0.0068 | get 0.0068% / 8h | 46m 05s | $45K | $106K | 20x |
OKX TSM-USDT-SWAP
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $14.36
- Price spread: +0.071% → +0.051%
- $1.91
- Slippage, 4 orders
- −$17.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.84
- Costs to cover
- 0.391%
- Break-even
- 18.1 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 20 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 OKX live order book, 1 min ago | 0.23 bp | 8.8 bp −$9 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 0.23 bp | 9.3 bp −$9 | 17.1 bp −$171 | 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 | −0.0513% | 4h | 439.41 | +0.014% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0165% | 8h | 439.40 | +0.011% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.32 | −0.006% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.16 | −0.043% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 439.35 | long leg | $4.0M | $2.6M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 439.19 | −0.036% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.35 | 0.000% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.40 | +0.011% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.36 | +0.002% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.48 | +0.257% | $1.5M | $528K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 439.37 | +0.005% | $495K | $186K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.10 | −0.057% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.93 | −0.096% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.76 | −0.134% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.15 | −0.046% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.93 | −0.096% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.66 | −0.157% | $158K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 439.23 | −0.028% | $6K | $161K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.005% | $366K | $98K | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 439.39 | +0.009% | $12.8M | $8.0M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0063% | 8h | 439.22 | −0.031% | $6K | $1.3M | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0068% | 8h | 439.66 | +0.071% | $45K | $106K | 20x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.08 | −0.061% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.24 | −0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.33 | −0.004% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.12 | −0.052% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.063% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0547% | 1h | 439.28 | −0.016% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL