Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Orderly against Aevo−0.017%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Orderly

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TSM-PERP	446.48	0.0104	pay 0.0013% / 1h	43m 18s	$125	—	10x
Short	Orderly PERP_TSM_USDC_mythos	446.40	0.0100	get 0.0100% / 8h	43m 18s	$21	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aevo. 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 AevobpFee OrderlybpOrdersPrice spread, now −0.017%Rate

Funding earned: −$0.84
Price spread: −0.017% → 0.000%: −$1.7
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Orderly: 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 Aevo no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aevo and Orderly: 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	−0.0715%	4h	446.47	−0.001%	$48K	$216K	10x	as long as short
BloFin TSM-USDT	−0.0029%	8h	446.54	+0.014%	$44K	$102K	20x	as long as short
Coinbase International TSM-PERP-INTX	−0.0024%	1h	446.07	−0.091%	$357K	$97K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	446.31	−0.036%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	446.42	−0.012%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	446.50	+0.005%	$13.2M	$6.8M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	446.04	−0.098%	$2.0M	$416K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	446.41	−0.015%	$4.0M	$3.0M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	446.09	−0.086%	$1.7M	$907K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	446.48	+0.001%	$1.6M	$1.5M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSM	0.0000%	8h	446.41	−0.015%	$553K	$84K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	446.49	+0.003%	$7K	$1.1M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	446.51	+0.008%	$2K	$5.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	446.27	−0.046%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	445.04	−0.322%	$1.5M	$456K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	446.50	+0.005%	$231K	$585K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	446.20	−0.062%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	446.09	−0.086%	$10.3M	$2.4M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	446.22	−0.057%	$196K	$90K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	446.08	−0.089%	$145	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	446.13	−0.078%	$159K	$22K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	446.04	−0.098%	$270K	$323K	20x	as long as short
Orderly PERP_TSM_USDC_mythosshort	+0.0100%	8h	446.40	−0.017%	$21	—	10x
Aevo TSM-PERPlong	+0.0104%	1h	446.48	long leg	$125	—	10x
Phoenix TSM	+0.0215%	1h	446.33	−0.033%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.72	+0.951%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0336%	1h	446.95	+0.106%	$504K	$166K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0378%	1h	446.37	−0.024%	$4	$61K	10x	as long as short