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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: OKX against Extended−0.020%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$340.342% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.020%, 7d avg −0.020%
Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TSM-USD446.190get 0.0000% / 1h14m 11s$2K$167K10x
ShortOKX TSM-USDT-SWAP446.100get 0.0000% / 8h1h 14m$4.0M$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.020% → −0.020%
$0
Slippage, 4 orders
−$19.18
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$34.18
Costs to cover
0.342%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago1.35 bp9.0 bp −$9105.5 bp −$1,055doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago0.22 bp7.3 bp −$718.9 bp −$189doesn't fitdoesn'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−0.0777%4h446.04−0.034%$48K$216K10xas long as short
BloFin TSM-USDT−0.0022%8h446.05−0.031%$44K$105K20xas long as short
Aster TSMUSDT0.0000%8h446.24+0.013%$82K$1K20xas long as short
Extended TSM-USDlong0.0000%1h446.19long leg$2K$167K10x
Binance TSMUSDT0.0000%8h446.28+0.021%$13.2M$7.0M20xas long as short
Bybit TSMUSDT0.0000%8h445.91−0.062%$2.0M$423K50xas long as short
OKX TSM-USDT-SWAPshort0.0000%8h446.10−0.020%$4.0M$3.1M20x
Gate TSM_USDT0.0000%8h446.01−0.040%$1.7M$924K100xas long as short
Bitget TSMUSDT0.0000%8h446.08−0.024%$1.6M$1.5M20xas long as short
Variational Omni TSM0.0000%8h446.10−0.020%$552K$85Kas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TSM_USDT_Perp0.0000%8h446.08−0.024%$5K$1.1M10xas long as short
SunX TSM-USDT0.0000%8h446.25+0.014%$1K$5.4M10xas long as short
HTX TSM-USDT0.0000%8h446.23+0.009%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h445.18−0.226%$1.5M$473K10xas long as short
Coinbase International TSM-PERP-INTX+0.0008%1h444.60−0.356%$356K$96K10xas long as short
Lighter RH TSM+0.0032%1h446.26+0.016%$225K$602K10xas long as short
Vest TSM-USD-PERP+0.0046%1h446.02−0.038%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h445.91−0.062%$10.3M$2.6M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h445.81−0.085%$196K$91K10xas long as short
SoDEX TSM-USD+0.0050%1h445.90−0.065%$145$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h445.65−0.121%$159K$22K10xas long as short
KuCoin TSMUSDTM+0.0100%8h445.75−0.098%$270K$332K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h446.16−0.006%$2110xas long as short
Aevo TSM-PERP+0.0104%1h446.21+0.005%$12510xas long as short
Phoenix TSM+0.0162%1h445.93−0.058%$217K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h449.91+0.834%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0288%1h446.18−0.002%$4$61K10xas long as short
Lighter TSM+0.0400%1h446.70+0.115%$504K$167K10xas long as short