Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against SunX+0.214%595s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as 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−$2662.657% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)−0.215%−$21 · spread now +0.214%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.201% dearer against SunX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 595 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 | SunX TSM-USDT | 444.74 | 0 | get 0.0000% / 8h | 6h 38m | $1K | $4.7M | 10x |
| Short | BloFin TSM-USDT | 445.69 | 0.0017 | get 0.0017% / 8h | 6h 38m | $45K | $99K | 20x |
SunX TSM-USDT
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. 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
- $3.54
- Price spread: +0.214% → +0.013%
- $20.11
- Slippage, 4 orders
- −$245.67
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$242.03
- Costs to cover
- 2.657%
- Break-even
- 486.0 days
Slippage from SunX: live order book, 10 min ago; BloFin: live order book, 76 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 SunX live order book, 10 min ago | 45.01 bp | 123.3 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 76 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 | −0.0896% | 4h | 445.28 | +0.122% | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.76 | +0.004% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.69 | −0.011% | $5K | $196K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.43 | −0.070% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.68 | −0.013% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.57 | −0.038% | $1.7M | $914K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.79 | +0.011% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.96 | +0.049% | $551K | $82K | — | as long as short |
| SunX TSM-USDTlong | 0.0000% | 8h | 444.74 | long leg | $1K | $4.7M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 444.87 | +0.029% | $9K | $9K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 444.76 | +0.004% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0002% | 8h | 444.87 | +0.030% | $13.1M | $6.9M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 445.16 | +0.094% | $367K | $104K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0017% | 8h | 445.69 | +0.214% | $45K | $99K | 20x | |
| Lighter RH TSM | +0.0032% | 1h | 444.78 | +0.009% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.40 | −0.076% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.33 | −0.092% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.62 | −0.027% | $200K | $45K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.30 | −0.099% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.59 | −0.034% | $160K | $25K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0056% | 8h | 444.86 | +0.028% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.41 | −0.074% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.67 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.73 | −0.003% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.61 | −0.029% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.333% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0424% | 1h | 445.22 | +0.108% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0741% | 1h | 444.63 | −0.025% | $4 | $23K | 10x | as long as short |
Phemex TSMUSDT
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL