Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Bybit−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSMUSDT	440.62	0	get 0.0000% / 8h	3h 22m	$2.0M	$388K	50x
Short	Vest TSM-USD-PERP	440.44	0.0046	get 0.0006% / 1h	22m 19s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee BybitbpFee VestbpOrdersPrice spread, now −0.041%Rate

Funding earned: $9.59
Price spread: −0.041% → 0.000%: −$4.09
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$7.49
Costs to cover: 0.130%
Break-even: 12.5 days

Slippage unknown: Bybit: live order book, 4 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	2.15 bp	12.1 bp −$12	69.6 bp −$696	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSMUSDC	−0.0782%	4h	441.17	+0.124%	$47K	$216K	10x	as long as short
Bitget TSMUSDT	−0.0203%	8h	441.01	+0.089%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.77	+0.034%	$82K	$2K	20x	as long as short
Bybit TSMUSDTlong	0.0000%	8h	440.62	long leg	$2.0M	$388K	50x
OKX TSM-USDT-SWAP	0.0000%	8h	440.71	+0.020%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.67	+0.011%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.93	+0.070%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.84	+0.050%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.48	−0.032%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.88	+0.059%	$1.5M	$485K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	440.87	+0.057%	$496K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.76	+0.032%	$223K	$671K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	440.44	−0.041%	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	440.50	−0.027%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.56	−0.014%	$192K	$60K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.37	−0.057%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.01	−0.138%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	440.78	+0.035%	$2K	$195K	10x	as long as short
Binance TSMUSDT	+0.0067%	8h	440.78	+0.036%	$12.9M	$7.5M	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.03	−0.134%	$367K	$102K	10x	as long as short
BloFin TSM-USDT	+0.0091%	8h	440.78	+0.036%	$45K	$100K	20x	as long as short
GRVT TSM_USDT_Perp	+0.0092%	8h	440.87	+0.057%	$8K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.40	−0.050%	$267K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.66	+0.009%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.67	+0.012%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.73	+0.025%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.74	+1.162%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0386%	1h	440.62	0.000%	$4	$24K	10x	as long as short