Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h −0.063%

Price spread now: Polymarket Perps against edgeX−0.005%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.005%, 7d avg −0.067%

Together, before fees+0.148%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Polymarket Perps is 0.061% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.067%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TSMUSDC	441.70	−0.0201	get 0.0101% / 4h	1h 28m	$48K	$217K	10x
Short	Polymarket Perps TSM-USD	441.68	0.0050	get 0.0006% / 1h	28m 43s	$187K	$71K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.005%Rate

Funding earned: $52.71
Price spread: −0.005% → −0.067%: $6.15
Slippage, 4 orders: −$18.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $23.71
Costs to cover: 0.352%
Break-even: 3.9 days

Slippage from edgeX: live order book, 16 min ago; Polymarket Perps: live order book, 16 min ago.

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, 16 min ago	5.32 bp	10.0 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 16 min ago	2.72 bp	7.5 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit

TSM on 28 exchanges

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	−0.0201%	4h	441.70	long leg	$48K	$217K	10x
Coinbase International TSM-PERP-INTX	−0.0056%	1h	441.37	−0.075%	$373K	$109K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	442.05	+0.079%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.73	+0.006%	$2.0M	$392K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.89	+0.042%	$4.1M	$2.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.78	+0.017%	$1.7M	$1.1M	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	442.01	+0.070%	$1.8M	$1.5M	20x	as long as short
SunX TSM-USDT	0.0000%	8h	441.95	+0.056%	$2K	$3.8M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.42	−0.064%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	442.06	+0.081%	$1.5M	$565K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	442.13	+0.097%	$498K	$143K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	442.00	+0.067%	$198K	$687K	10x	as long as short
Injective TSM/USDC PERP	+0.0033%	1h	443.95	+0.509%	$6K	$38K	12x	as long as short
Variational Omni TSM	+0.0040%	8h	441.71	+0.001%	$554K	$44K	—	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.38	−0.073%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.65	−0.012%	$10.2M	$2.0M	10x	as long as short
Polymarket Perps TSM-USDshort	+0.0050%	1h	441.68	−0.005%	$187K	$71K	10x
SoDEX TSM-USD	+0.0050%	1h	441.62	−0.019%	$136	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.27	−0.098%	$156K	$33K	10x	as long as short
BloFin TSM-USDT	+0.0085%	8h	442.03	+0.074%	$46K	$117K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.59	−0.026%	$268K	$464K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.79	+0.020%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.96	+0.059%	$124	—	10x	as long as short
Binance TSMUSDT	+0.0110%	8h	442.00	+0.067%	$13.0M	$8.6M	20x	as long as short
Extended TSM-USD	+0.0112%	1h	441.82	+0.027%	$5K	$216K	10x	as long as short
Phoenix TSM	+0.0253%	1h	441.96	+0.058%	$210K	$10K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0335%	8h	442.20	+0.113%	$8K	$1.3M	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0429%	1h	441.86	+0.036%	$97	$10K	10x	as long as short