Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Aster−0.071%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 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. Polymarket Perps is 0.071% cheaper against Aster than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSMUSDT	444.54	0	get 0.0000% / 8h	6h 25m	$82K	$1K	20x
Short	Polymarket Perps TSM-USD	444.22	0.0052	get 0.0006% / 1h	25m 00s	$197K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.071%Rate

Funding earned: $10.9
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.23
Costs to cover: 0.160%
Break-even: 14.9 days

Slippage unknown: Aster: no order-book sample; Polymarket Perps: live order book, 42 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 Polymarket Perps live order book, 42 min ago	1.12 bp	5.3 bp −$5	6.4 bp −$64	9.4 bp −$940	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 27 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	−0.0901%	4h	444.50	−0.007%	$48K	$215K	10x	as long as short
Aster TSMUSDTlong	0.0000%	8h	444.54	long leg	$82K	$1K	20x
Bybit TSMUSDT	0.0000%	8h	444.38	−0.035%	$2.0M	$392K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	444.50	−0.008%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	444.35	−0.042%	$1.7M	$983K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	444.69	+0.034%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	444.46	−0.017%	$550K	$82K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.57	+0.007%	$2K	$4.6M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	444.22	−0.071%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.61	+0.016%	$1.5M	$455K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TSM-USD	+0.0008%	1h	444.53	−0.002%	$4K	$197K	10x	as long as short
Binance TSMUSDT	+0.0010%	8h	444.65	+0.025%	$13.1M	$6.9M	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0016%	1h	444.30	−0.053%	$371K	$105K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	444.58	+0.010%	$229K	$637K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	444.05	−0.110%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	444.00	−0.121%	$10.2M	$2.3M	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.95	−0.132%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.02	−0.116%	$160K	$25K	10x	as long as short
Polymarket Perps TSM-USDshort	+0.0052%	1h	444.22	−0.071%	$197K	$48K	10x
KuCoin TSMUSDTM	+0.0100%	8h	444.24	−0.067%	$269K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	444.47	−0.015%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.44	−0.022%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0108%	8h	444.43	−0.024%	$7K	$1.1M	10x	as long as short
Phoenix TSM	+0.0179%	1h	444.11	−0.096%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	449.49	+1.114%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0384%	1h	444.93	+0.088%	$502K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0764%	1h	444.44	−0.022%	$4	$23K	10x	as long as short