Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.062%

Price spread now: SunX against edgeX+0.022%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2702.703% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.022%, 7d avg +0.002%

Together, before fees+0.092%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.020% dearer against edgeX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of +0.002%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TSMUSDC	445.28	0.0058	pay 0.0029% / 4h	2h 45m	$48K	$217K	10x
Short	SunX TSM-USDT	445.38	0	get 0.0000% / 8h	6h 45m	$1K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$12.2
Price spread: +0.022% → +0.002%: $2.01
Slippage, 4 orders: −$253.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$280.5
Costs to cover: 2.703%
Break-even: never at this rate

Slippage from edgeX: live order book, 22 min ago; SunX: live order book, 3 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, 22 min ago	5.36 bp	10.0 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	45.01 bp	126.9 bp −$127	doesn't fit	doesn't fit	doesn't fit

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
Aster TSMUSDT	0.0000%	8h	445.28	0.000%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	445.21	−0.015%	$5K	$198K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	445.41	+0.029%	$13.1M	$6.9M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	445.09	−0.043%	$2.0M	$399K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	445.38	+0.022%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	445.16	−0.027%	$1.7M	$909K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	445.37	+0.020%	$1.6M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	445.42	+0.030%	$551K	$82K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	445.60	+0.071%	$5K	$1.1M	10x	as long as short
SunX TSM-USDTshort	0.0000%	8h	445.38	+0.022%	$1K	$4.7M	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TSM-USDT	0.0000%	8h	445.05	−0.052%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	445.54	+0.058%	$1.5M	$451K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0016%	1h	445.16	−0.027%	$367K	$104K	10x	as long as short
BloFin TSM-USDT	+0.0017%	8h	445.69	+0.092%	$45K	$99K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	445.32	+0.009%	$222K	$630K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	444.87	−0.092%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	444.91	−0.083%	$10.2M	$2.4M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	445.19	−0.020%	$199K	$44K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	444.90	−0.086%	$142	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.70	−0.130%	$159K	$24K	10x	as long as short
edgeX TSMUSDClong	+0.0058%	4h	445.28	long leg	$48K	$217K	10x
KuCoin TSMUSDTM	+0.0100%	8h	444.99	−0.065%	$269K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	445.31	+0.007%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	445.33	+0.011%	$125	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	445.31	+0.007%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.67	+1.210%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0432%	1h	445.89	+0.137%	$503K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0694%	1h	445.28	0.000%	$4	$28K	10x	as long as short