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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: HTX against Bitget+0.030%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.030% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TSMUSDT440.030get 0.0000% / 8h6h 59m$1.8M$1.5M20x
ShortHTX TSM-USDT440.160get 0.0000% / 8h6h 59m$9K$8K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.030% → 0.000%
$2.95
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.05
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago2.61 bp9.2 bp −$914.0 bp −$14044.6 bp −$4,456doesn't fit
Sell HTX no order-book sample
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TSMUSDT0.0000%8h439.91−0.028%$82K$2K20xas long as short
Bybit TSMUSDT0.0000%8h439.78−0.057%$2.0M$402K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h440.02−0.002%$4.0M$2.7M20xas long as short
Gate TSM_USDT0.0000%8h439.84−0.043%$1.7M$1.1M100xas long as short
Bitget TSMUSDTlong0.0000%8h440.03long leg$1.8M$1.5M20x
Variational Omni TSM0.0000%8h440.05+0.005%$551K$44Kas long as short
SunX TSM-USDT0.0000%8h440.14+0.025%$2K$3.9M10xas long as short
HTX TSM-USDTshort0.0000%8h440.16+0.030%$9K$8K20x
Phemex TSMUSDT0.0000%8h439.60−0.098%$1.5M$543K10xas long as short
BloFin TSM-USDT+0.0023%8h440.16+0.030%$45K$110K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended TSM-USD+0.0024%1h439.99−0.009%$1K$214K10xas long as short
Binance TSMUSDT+0.0026%8h440.19+0.036%$12.9M$8.3M20xas long as short
Lighter TSM+0.0032%1h439.99−0.009%$495K$142K10xas long as short
Lighter RH TSM+0.0032%1h440.030.000%$196K$724K10xas long as short
Coinbase International TSM-PERP-INTX+0.0040%1h439.24−0.180%$371K$98K10xas long as short
Vest TSM-USD-PERP+0.0046%1h439.38−0.148%$2K25xas long as short
tradeXYZ xyz:TSM+0.0050%1h439.73−0.068%$10.0M$1.9M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h439.54−0.111%$190K$67K10xas long as short
SoDEX TSM-USD+0.0050%1h439.60−0.098%$136$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h439.48−0.125%$158K$27K10xas long as short
KuCoin TSMUSDTM+0.0100%8h439.60−0.098%$267K$371K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h439.93−0.023%$2110xas long as short
Aevo TSM-PERP+0.0104%1h439.89−0.033%$12310xas long as short
Phoenix TSM+0.0145%1h439.51−0.118%$208K$10K10xas long as short
Injective TSM/USDC PERP+0.0220%1h443.95+0.891%$6K$38K12xas long as short
GRVT TSM_USDT_Perp+0.0245%8h439.98−0.012%$4K$1.3M10xas long as short
edgeX TSMUSDC+0.0273%4h440.03−0.001%$47K$217K10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0706%1h439.91−0.027%$4$13K10xas long as short