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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Bybit+0.123%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 0.123% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TSMUSDT439.300get 0.0000% / 8h37m 19s$2.0M$400K50x
ShortHTX TSM-USDT439.840get 0.0000% / 8h37m 19s$9K$8K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.123% → 0.000%
$12.29
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$10.71
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago1.93 bp14.5 bp −$1564.5 bp −$645doesn't fitdoesn'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
edgeX TSMUSDC−0.0329%4h439.74+0.100%$47K$216K10xas long as short
Bitget TSMUSDT−0.0150%8h439.76+0.105%$1.7M$1.5M20xas long as short
Aster TSMUSDT0.0000%8h441.21+0.434%$82K$2K20xas long as short
Bybit TSMUSDTlong0.0000%8h439.30long leg$2.0M$400K50x
OKX TSM-USDT-SWAP0.0000%8h439.77+0.107%$4.0M$2.6M20xas long as short
Gate TSM_USDT0.0000%8h439.54+0.055%$1.7M$1.1M100xas long as short
Variational Omni TSM0.0000%8h439.82+0.119%$558K$38Kas long as short
SunX TSM-USDT0.0000%8h439.74+0.100%$2K$4.1M10xas long as short
HTX TSM-USDTshort0.0000%8h439.84+0.123%$9K$8K20x
Phemex TSMUSDT0.0000%8h440.67+0.312%$1.5M$528K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter TSM+0.0032%1h439.78+0.109%$496K$188K10xas long as short
Lighter RH TSM+0.0032%1h439.50+0.046%$221K$720K10xas long as short
Vest TSM-USD-PERP+0.0046%1h439.300.000%$2K25xas long as short
tradeXYZ xyz:TSM+0.0050%1h439.22−0.018%$10.1M$1.8M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h439.50+0.046%$190K$68K10xas long as short
SoDEX TSM-USD+0.0050%1h439.17−0.030%$135$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h439.55+0.057%$158K$27K10xas long as short
Coinbase International TSM-PERP-INTX+0.0056%1h439.33+0.007%$366K$97K10xas long as short
Binance TSMUSDT+0.0063%8h439.76+0.105%$12.8M$8.0M20xas long as short
Extended TSM-USD+0.0064%1h439.62+0.073%$4K$189K10xas long as short
GRVT TSM_USDT_Perp+0.0072%8h439.71+0.093%$6K$1.3M10xas long as short
BloFin TSM-USDT+0.0082%8h439.90+0.137%$45K$106K20xas long as short
KuCoin TSMUSDTM+0.0100%8h439.37+0.016%$266K$309K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h439.69+0.089%$2110xas long as short
Aevo TSM-PERP+0.0104%1h439.67+0.084%$12310xas long as short
Phoenix TSM+0.0146%1h439.52+0.050%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h444.02+1.074%$6K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0683%1h439.66+0.082%$4$25K10xas long as short