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: Bitget against Bybit+0.052%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$560.560% 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−0.049%−$5 · spread now +0.052%, 7d avg +0.045%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TSMUSDT444.640get 0.0000% / 8h2h 27m$2.0M$418K50x
ShortBitget TSMUSDT444.870get 0.0000% / 8h2h 27m$1.6M$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: +0.052% → +0.045%
$0.7
Slippage, 4 orders
−$32.97
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$55.27
Costs to cover
0.560%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 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 Bybit live order book, 4 min ago1.80 bp15.6 bp −$1664.6 bp −$646doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.82 bp11.6 bp −$1219.1 bp −$19152.5 bp −$5,252doesn'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
edgeX TSMUSDC−0.0774%4h444.96+0.071%$48K$215K10xas long as short
BloFin TSM-USDT−0.0026%8h444.98+0.076%$44K$104K20xas long as short
Aster TSMUSDT0.0000%8h444.92+0.063%$82K$1K20xas long as short
Extended TSM-USD0.0000%1h444.91+0.060%$2K$167K10xas long as short
Binance TSMUSDT0.0000%8h444.98+0.075%$13.1M$6.9M20xas long as short
Bybit TSMUSDTlong0.0000%8h444.64long leg$2.0M$418K50x
OKX TSM-USDT-SWAP0.0000%8h444.96+0.072%$4.0M$3.1M20xas long as short
Gate TSM_USDT0.0000%8h444.72+0.018%$1.7M$920K100xas long as short
Bitget TSMUSDTshort0.0000%8h444.87+0.052%$1.6M$1.5M20x
Variational Omni TSM0.0000%8h444.90+0.060%$551K$85Kas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TSM_USDT_Perp0.0000%8h444.99+0.078%$17K$1.1M10xas long as short
SunX TSM-USDT0.0000%8h444.97+0.074%$2K$5.4M10xas long as short
HTX TSM-USDT0.0000%8h444.78+0.031%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h444.93+0.065%$1.5M$463K10xas long as short
Coinbase International TSM-PERP-INTX+0.0016%1h444.60−0.009%$356K$96K10xas long as short
Lighter RH TSM+0.0032%1h445.05+0.092%$201K$661K10xas long as short
Vest TSM-USD-PERP+0.0046%1h444.77+0.029%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h444.640.000%$10.3M$2.6M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h444.78+0.031%$188K$82K10xas long as short
SoDEX TSM-USD+0.0050%1h444.69+0.011%$145$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h444.78+0.031%$159K$20K10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0087%1h444.98+0.076%$4$61K10xas long as short
KuCoin TSMUSDTM+0.0100%8h444.54−0.022%$272K$341K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h444.98+0.076%$2110xas long as short
Aevo TSM-PERP+0.0104%1h444.71+0.015%$12510xas long as short
Phoenix TSM+0.0180%1h444.80+0.036%$216K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h468.41+5.346%$7K$39K12xas long as short
Lighter TSM+0.0624%1h445.86+0.274%$503K$159K10xas long as short