Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.077%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.077%, 7d avg +0.017%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.060% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	440.34	0	get 0.0000% / 8h	2h 12m	$1.7M	$1.1M	100x
Short	OKX TSM-USDT-SWAP	440.68	0	get 0.0000% / 8h	2h 12m	$4.0M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.017%: $6.01
Slippage, 4 orders: −$34.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.85
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 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 Gate live order book, 5 min ago	2.95 bp	15.8 bp −$16	87.4 bp −$874	146.9 bp −$14.7K	doesn't fit
Sell OKX live order book, 5 min ago	1.25 bp	11.1 bp −$11	20.8 bp −$208	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
edgeX TSMUSDC	−0.0351%	4h	440.09	−0.056%	$47K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0238%	8h	440.69	+0.079%	$1.7M	$1.6M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.43	+0.021%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.50	+0.036%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAPshort	0.0000%	8h	440.68	+0.077%	$4.0M	$2.6M	20x
Gate TSM_USDTlong	0.0000%	8h	440.34	long leg	$1.7M	$1.1M	100x
Variational Omni TSM	0.0000%	8h	440.07	−0.061%	$552K	$30K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.56	+0.050%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.26	−0.018%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.20	+0.195%	$1.5M	$510K	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	440.49	+0.034%	$496K	$138K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.59	+0.057%	$220K	$681K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.35	+0.002%	—	$1K	25x	as long as short
Extended TSM-USD	+0.0048%	1h	440.58	+0.054%	$5K	$183K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0049%	8h	440.18	−0.036%	$13K	$1.3M	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.17	−0.039%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.46	+0.027%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.98	−0.082%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.97	−0.084%	$158K	$27K	10x	as long as short
Binance TSMUSDT	+0.0051%	8h	440.73	+0.089%	$12.9M	$7.8M	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	439.33	−0.229%	$366K	$102K	10x	as long as short
BloFin TSM-USDT	+0.0078%	8h	440.38	+0.009%	$45K	$103K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.16	−0.041%	$267K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.38	+0.009%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.39	+0.012%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	440.13	−0.048%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.65	+0.979%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0341%	1h	440.44	+0.023%	$4	$24K	10x	as long as short