Settings8H · net · $10k
Funding arb · Price arb /

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Extended against Binance−0.014%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.336% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.280%+$28 on $10k
Price spread, last 2 days (all we have)−0.015%−$2 · spread now −0.014%, 7d avg −0.024%
Together, before fees+0.265%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TSMUSDT445.910get 0.0000% / 8h1h 28m$13.1M$6.9M20x
ShortExtended TSM-USD445.850get 0.0000% / 1h28m 56s$2K$167K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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

Funding earned
$0
Price spread: −0.014% → −0.024%
$0.98
Slippage, 4 orders
−$18.61
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$32.64
Costs to cover
0.336%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Extended: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.11 bp8.4 bp −$818.1 bp −$18172.5 bp −$7,253doesn't fit
Sell Extended live order book, 52 min ago1.46 bp9.5 bp −$998.9 bp −$989doesn't fitdoesn't fit

TSM on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TSMUSDT0.0000%8h445.72−0.044%$82K$1K20xas long as short
Extended TSM-USDshort0.0000%1h445.85−0.014%$2K$167K10x
Binance TSMUSDTlong0.0000%8h445.91long leg$13.1M$6.9M20x
Bybit TSMUSDT0.0000%8h445.60−0.070%$2.0M$420K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h445.82−0.021%$4.0M$3.1M20xas long as short
Gate TSM_USDT0.0000%8h445.51−0.090%$1.7M$921K100xas long as short
Bitget TSMUSDT0.0000%8h445.81−0.023%$1.6M$1.5M20xas long as short
Variational Omni TSM0.0000%8h445.64−0.061%$552K$85Kas long as short
GRVT TSM_USDT_Perp0.0000%8h445.64−0.061%$15K$1.1M10xas long as short
SunX TSM-USDT0.0000%8h445.83−0.018%$2K$5.4M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TSM-USDT0.0000%8h445.42−0.110%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h445.26−0.146%$1.5M$469K10xas long as short
Coinbase International TSM-PERP-INTX+0.0008%1h444.60−0.294%$356K$96K10xas long as short
BloFin TSM-USDT+0.0018%8h445.84−0.016%$44K$104K20xas long as short
Lighter RH TSM+0.0032%1h445.99+0.017%$226K$598K10xas long as short
Vest TSM-USD-PERP+0.0046%1h445.56−0.079%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h445.65−0.059%$10.3M$2.6M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h445.51−0.090%$196K$91K10xas long as short
SoDEX TSM-USD+0.0050%1h445.51−0.090%$147$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h445.11−0.180%$159K$22K10xas long as short
KuCoin TSMUSDTM+0.0100%8h445.42−0.110%$270K$337K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h445.74−0.039%$2110xas long as short
Aevo TSM-PERP+0.0104%1h446.00+0.020%$12510xas long as short
Phoenix TSM+0.0162%1h445.51−0.090%$217K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h449.91+0.897%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0289%1h445.89−0.005%$4$61K10xas long as short
Lighter TSM+0.0456%1h446.45+0.121%$504K$163K10xas long as short
edgeX TSMUSDC+0.0848%4h445.63−0.063%$48K$215K10xas long as short