Funding you earn now, next payment 11:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h −0.010%
Price spread now: BloFin against SoDEX+0.093%56s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.093% dearer against SoDEX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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 | SoDEX TSM-USD | 441.79 | 0.0050 | pay 0.0006% / 1h | 43m 38s | $136 | $3K | 10x |
| Short | BloFin TSM-USDT | 442.20 | 0.0130 | get 0.0130% / 8h | 5h 43m | $45K | $117K | 20x |
SoDEX TSM-USD
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SoDEX. 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
- $16.78
- Price spread: +0.093% → 0.000%
- $9.28
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $6.06
- Costs to cover
- 0.200%
- Break-even
- 4.5 days
Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 59 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 59 min ago | 0.68 bp | 6.7 bp −$7 | 12.8 bp −$128 | doesn't fit | doesn't fit |
SoDEX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.095% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.26 | +0.106% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.03 | +0.054% | $2.0M | $394K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.16 | +0.084% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.98 | +0.043% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.28 | +0.111% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.17 | +0.086% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.18 | +0.088% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.75 | −0.009% | $1.5M | $562K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.21 | +0.095% | $498K | $143K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 442.17 | +0.086% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.489% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.86 | +0.016% | — | $2K | 25x | as long as short |
| Variational Omni TSM | +0.0049% | 8h | 442.20 | +0.093% | $554K | $44K | — | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.88 | +0.020% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.82 | +0.007% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 441.79 | long leg | $136 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.40 | −0.088% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.90 | +0.025% | $268K | $449K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.23 | +0.100% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.11 | +0.073% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0120% | 1h | 442.10 | +0.071% | $1K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0123% | 8h | 442.24 | +0.101% | $13.0M | $8.6M | 20x | as long as short |
| BloFin TSM-USDTshort | +0.0130% | 8h | 442.20 | +0.093% | $45K | $117K | 20x | |
| Phoenix TSM | +0.0253% | 1h | 442.43 | +0.145% | $210K | $10K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0316% | 1h | 442.09 | +0.068% | $4 | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0411% | 8h | 442.50 | +0.162% | $8K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0723% | 4h | 442.07 | +0.064% | $48K | $217K | 10x | as long as short |
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
Variational Omni TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
GRVT TSM_USDT_Perp
edgeX TSMUSDC