Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0905%/8h= +99.1% APRpaid last 24h −0.013%

Price spread now: Aster against edgeX+0.036%50s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Aster is 0.036% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TSMUSDC	441.57	−0.0905	get 0.0453% / 4h	3h 56m	$48K	$215K	10x
Short	Aster TSMUSDT	441.73	0	get 0.0000% / 8h	3h 56m	$82K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.036%Rate

Funding earned: $190.1
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $176.73
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: edgeX: live order book, 60 min ago; Aster: 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 edgeX live order book, 60 min ago	6.11 bp	10.8 bp −$11	13.5 bp −$135	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 TSMUSDClong	−0.0905%	4h	441.57	long leg	$48K	$215K	10x
Bitget TSMUSDT	−0.0086%	8h	441.86	+0.065%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDTshort	0.0000%	8h	441.73	+0.036%	$82K	$2K	20x
Bybit TSMUSDT	0.0000%	8h	441.20	−0.085%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.45	−0.028%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.23	−0.078%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.61	+0.009%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.52	−0.012%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.65	+0.017%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.63	+0.013%	$1.5M	$474K	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	441.39	−0.042%	$497K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	441.23	−0.078%	$220K	$642K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.16	−0.094%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.92	−0.148%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.18	−0.089%	$192K	$55K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.19	−0.087%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.00	−0.130%	$158K	$22K	10x	as long as short
Binance TSMUSDT	+0.0068%	8h	441.36	−0.048%	$12.9M	$7.3M	20x	as long as short
Extended TSM-USD	+0.0072%	1h	441.24	−0.075%	$6K	$195K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.79	−0.177%	$368K	$102K	10x	as long as short
BloFin TSM-USDT	+0.0090%	8h	441.55	−0.005%	$45K	$99K	20x	as long as short
GRVT TSM_USDT_Perp	+0.0098%	8h	441.67	+0.022%	$10K	$1.2M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.16	−0.094%	$267K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.46	−0.026%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.46	−0.026%	$124	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.33	−0.055%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	446.02	+1.007%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0385%	1h	441.38	−0.044%	$4	$24K	10x	as long as short