Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate+0.009%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 7 days+0.296%+$30 · spread now +0.009%, 7d avg −0.016%

Together, before fees+0.419%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	439.76	0	get 0.0000% / 8h	7h 10m	$1.7M	$1.1M	100x
Short	Polymarket Perps TSM-USD	439.80	0.0050	get 0.0006% / 1h	10m 11s	$190K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.009%Rate

Funding earned: $10.5
Price spread: +0.009% → −0.016%: $2.49
Slippage, 4 orders: −$38.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$48.15
Costs to cover: 0.611%
Break-even: 39.1 days

Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 8 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, 2 min ago	3.41 bp	27.6 bp −$28	98.2 bp −$982	144.1 bp −$14.4K	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	5.47 bp	10.9 bp −$11	11.0 bp −$110	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	439.70	−0.015%	$82K	$2K	20x	as long as short
Extended TSM-USD	0.0000%	1h	440.04	+0.064%	$1K	$214K	10x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.75	−0.002%	$2.0M	$399K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.01	+0.057%	$4.0M	$2.7M	20x	as long as short
Gate TSM_USDTlong	0.0000%	8h	439.76	long leg	$1.7M	$1.1M	100x
Bitget TSMUSDT	0.0000%	8h	440.11	+0.080%	$1.8M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	439.89	+0.030%	$551K	$44K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	438.76	−0.227%	$13K	$1.3M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	440.20	+0.100%	$1K	$4.0M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.08	+0.073%	$9K	$8K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	440.28	+0.118%	$1.5M	$545K	10x	as long as short
Binance TSMUSDT	+0.0002%	8h	440.16	+0.091%	$12.9M	$8.3M	20x	as long as short
BloFin TSM-USDT	+0.0020%	8h	439.96	+0.045%	$45K	$111K	20x	as long as short
Lighter TSM	+0.0032%	1h	439.91	+0.034%	$495K	$190K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.04	+0.064%	$203K	$746K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0040%	1h	439.32	−0.100%	$371K	$97K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.44	−0.073%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.64	−0.027%	$10.0M	$1.9M	10x	as long as short
Polymarket Perps TSM-USDshort	+0.0050%	1h	439.80	+0.009%	$190K	$67K	10x
SoDEX TSM-USD	+0.0050%	1h	439.45	−0.070%	$138	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.66	−0.023%	$158K	$27K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.52	−0.055%	$267K	$360K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.03	+0.061%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.05	+0.065%	$123	—	10x	as long as short
Phoenix TSM	+0.0145%	1h	439.24	−0.118%	$208K	$10K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	443.95	+0.953%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0473%	4h	439.35	−0.093%	$47K	$217K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0546%	1h	440.14	+0.086%	$4	$13K	10x	as long as short