Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%
Price spread now: BloFin against tradeXYZ+0.095%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.095% dearer against tradeXYZ than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.87 | 0.0050 | pay 0.0006% / 1h | 36m 45s | $10.2M | $2.1M | 10x |
| Short | BloFin TSM-USDT | 440.29 | 0.0046 | get 0.0046% / 8h | 3h 36m | $45K | $99K | 20x |
tradeXYZ xyz:TSM
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against tradeXYZ. 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
- −$0.82
- Price spread: +0.095% → 0.000%
- $9.55
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.28
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 2 min ago; BloFin: no order-book sample. 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 tradeXYZ live order book, 2 min ago | 0.91 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0984% | 4h | 440.51 | +0.145% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0176% | 8h | 440.34 | +0.107% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.05 | +0.268% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.19 | +0.073% | $2.0M | $386K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.23 | +0.082% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.13 | +0.059% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.54 | +0.153% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.39 | +0.118% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.50 | +0.143% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.38 | +0.116% | $1.5M | $480K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 440.50 | +0.143% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.26 | +0.089% | $223K | $669K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.82 | −0.011% | — | $583 | 25x | as long as short |
| BloFin TSM-USDTshort | +0.0046% | 8h | 440.29 | +0.095% | $45K | $99K | 20x | |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.87 | long leg | $10.2M | $2.1M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.99 | +0.027% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.89 | +0.005% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.70 | −0.039% | $157K | $22K | 10x | as long as short |
| Binance TSMUSDT | +0.0068% | 8h | 440.40 | +0.120% | $12.9M | $7.4M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 440.25 | +0.087% | $2K | $195K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0086% | 8h | 440.54 | +0.153% | $5K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | +0.209% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.10 | +0.052% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.25 | +0.086% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.30 | +0.098% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.06 | +0.043% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.10 | +1.189% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0546% | 1h | 440.21 | +0.077% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL