Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.003%

Price spread now: Coinbase International against Aster−0.261%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.261% cheaper against Aster than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 9.9 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSMUSDT	441.94	0	get 0.0000% / 8h	3h 57m	$82K	$2K	20x
Short	Coinbase International TSM-PERP-INTX	440.79	0.0088	get 0.0011% / 1h	57m 42s	$368K	$102K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.261%Rate

Funding earned: $18.48
Price spread: −0.261% → 0.000%: −$26.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.65
Costs to cover: 0.180%
Break-even: 16.7 days

Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 60 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 Aster no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 60 min ago	4.64 bp	10.5 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit

Aster: 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	−0.0207%	4h	441.59	−0.079%	$48K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0084%	8h	441.88	−0.015%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDTlong	0.0000%	8h	441.94	long leg	$82K	$2K	20x
Bybit TSMUSDT	0.0000%	8h	441.44	−0.114%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.58	−0.083%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.43	−0.116%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.61	−0.075%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.70	−0.055%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.65	−0.067%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.87	−0.017%	$1.5M	$474K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	441.63	−0.071%	$497K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	441.52	−0.096%	$223K	$637K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.21	−0.166%	—	$583	25x	as long as short
BloFin TSM-USDT	+0.0046%	8h	441.76	−0.042%	$45K	$99K	20x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.11	−0.189%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.37	−0.130%	$192K	$55K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.26	−0.155%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.00	−0.214%	$158K	$22K	10x	as long as short
Binance TSMUSDT	+0.0069%	8h	441.60	−0.078%	$12.9M	$7.3M	20x	as long as short
Extended TSM-USD	+0.0072%	1h	441.58	−0.083%	$6K	$195K	10x	as long as short
Coinbase International TSM-PERP-INTXshort	+0.0088%	1h	440.79	−0.261%	$368K	$102K	10x
KuCoin TSMUSDTM	+0.0100%	8h	441.42	−0.119%	$268K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.64	−0.069%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.59	−0.081%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0105%	8h	441.79	−0.035%	$10K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.33	−0.139%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	446.02	+0.922%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0362%	1h	441.61	−0.076%	$4	$24K	10x	as long as short