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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Gate against Extended−0.036%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$560.564% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.036%, 7d avg −0.034%
Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TSM-USD444.870get 0.0000% / 1h26m 31s$2K$167K10x
ShortGate TSM_USDT444.710get 0.0000% / 8h2h 26m$1.7M$920K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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: −0.036% → −0.034%
−$0.19
Slippage, 4 orders
−$36.44
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$56.63
Costs to cover
0.564%
Break-even
never at this rate
Slippage from Extended: live order book, 59 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 59 min ago1.58 bp9.3 bp −$9129.8 bp −$1,298doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago3.60 bp17.3 bp −$1734.8 bp −$34848.0 bp −$4,804doesn't fit

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−0.0774%4h444.96+0.020%$48K$215K10xas long as short
BloFin TSM-USDT−0.0015%8h444.95+0.018%$44K$104K20xas long as short
Aster TSMUSDT0.0000%8h444.94+0.016%$82K$1K20xas long as short
Extended TSM-USDlong0.0000%1h444.87long leg$2K$167K10x
Binance TSMUSDT0.0000%8h444.92+0.012%$13.1M$6.9M20xas long as short
Bybit TSMUSDT0.0000%8h444.60−0.060%$2.0M$418K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h444.82−0.011%$4.0M$3.1M20xas long as short
Gate TSM_USDTshort0.0000%8h444.71−0.036%$1.7M$920K100x
Bitget TSMUSDT0.0000%8h444.88+0.003%$1.6M$1.5M20xas long as short
Variational Omni TSM0.0000%8h444.90+0.008%$551K$85Kas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TSM_USDT_Perp0.0000%8h444.99+0.027%$17K$1.1M10xas long as short
SunX TSM-USDT0.0000%8h444.93+0.014%$1K$5.4M10xas long as short
HTX TSM-USDT0.0000%8h444.78−0.020%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h444.870.000%$1.5M$463K10xas long as short
Coinbase International TSM-PERP-INTX+0.0016%1h444.60−0.060%$356K$96K10xas long as short
Lighter RH TSM+0.0032%1h445.15+0.063%$201K$661K10xas long as short
Vest TSM-USD-PERP+0.0046%1h444.88+0.003%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h444.66−0.047%$10.3M$2.6M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h444.77−0.022%$188K$82K10xas long as short
SoDEX TSM-USD+0.0050%1h444.64−0.051%$145$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h444.54−0.074%$158K$20K10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0087%1h444.98+0.025%$4$61K10xas long as short
KuCoin TSMUSDTM+0.0100%8h444.71−0.036%$271K$340K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h444.97+0.023%$2110xas long as short
Aevo TSM-PERP+0.0104%1h445.15+0.063%$12510xas long as short
Phoenix TSM+0.0180%1h445.08+0.048%$216K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h468.41+5.292%$7K$39K12xas long as short
Lighter TSM+0.0632%1h445.86+0.223%$503K$159K10xas long as short