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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Bitget−0.045%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$450.447% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.045%, 7d avg −0.045%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TSMUSDT446.790get 0.0000% / 8h3m 48s$1.6M$1.5M20x
ShortBybit TSMUSDT446.590get 0.0000% / 8h3m 48s$2.0M$415K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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: −0.045% → −0.045%
$0.03
Slippage, 4 orders
−$21.67
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$44.64
Costs to cover
0.447%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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 Bitget live order book, 3 min ago2.35 bp11.6 bp −$1223.6 bp −$23655.3 bp −$5,529doesn't fit
Sell Bybit live order book, 3 min ago2.24 bp10.6 bp −$1155.6 bp −$556doesn'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
Coinbase International TSM-PERP-INTX−0.0024%1h446.18−0.137%$357K$97K10xas long as short
BloFin TSM-USDT−0.0015%8h446.85+0.013%$44K$102K20xas long as short
Aster TSMUSDT0.0000%8h446.73−0.012%$82K$1K20xas long as short
Extended TSM-USD0.0000%1h446.80+0.002%$4K$169K10xas long as short
Bybit TSMUSDTshort0.0000%8h446.59−0.045%$2.0M$415K50x
OKX TSM-USDT-SWAP0.0000%8h446.80+0.002%$4.0M$3.0M20xas long as short
Gate TSM_USDT0.0000%8h446.45−0.076%$1.7M$912K100xas long as short
Bitget TSMUSDTlong0.0000%8h446.79long leg$1.6M$1.5M20x
Variational Omni TSM0.0000%8h446.77−0.003%$553K$84Kas long as short
GRVT TSM_USDT_Perp0.0000%8h446.790.000%$7K$1.1M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TSM-USDT0.0000%8h446.86+0.016%$2K$5.1M10xas long as short
Deribit TSM_USDC-PERPETUAL0.0000%1h446.74−0.011%$4$61K10xas long as short
HTX TSM-USDT0.0000%8h446.59−0.045%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h446.91+0.027%$1.5M$456K10xas long as short
Binance TSMUSDT0.0000%8h446.89+0.022%$13.2M$6.8M20xas long as short
Lighter RH TSM+0.0032%1h446.98+0.043%$228K$609K10xas long as short
Vest TSM-USD-PERP+0.0046%1h446.70−0.020%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h446.67−0.027%$10.3M$2.4M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h446.60−0.043%$197K$90K10xas long as short
SoDEX TSM-USD+0.0050%1h446.55−0.054%$143$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h446.49−0.067%$159K$22K10xas long as short
KuCoin TSMUSDTM+0.0100%8h446.46−0.074%$271K$313K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h446.83+0.009%$2110xas long as short
Aevo TSM-PERP+0.0104%1h446.94+0.033%$12510xas long as short
Phoenix TSM+0.0215%1h446.66−0.029%$217K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h450.72+0.880%$7K$38K12xas long as short
Lighter TSM+0.0264%1h447.39+0.134%$505K$166K10xas long as short
edgeX TSMUSDC+0.0630%4h446.76−0.006%$48K$216K10xas long as short