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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Gate+0.069%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$357as in the Price arb table
costs, in and out, $10k−$3583.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.069%, 7d avg +0.052%
Together, before fees−0.142%−$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TSM_USDT437.890get 0.0000% / 8h7h 48m$1.7M$1.1M100x
ShortSunX TSM-USDT438.190get 0.0000% / 8h7h 48m$2K$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.069% → +0.052%
$1.68
Slippage, 4 orders
−$335.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$356.78
Costs to cover
3.585%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; SunX: live order book, 10 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 Gate live order book, 4 min ago7.77 bp17.2 bp −$1795.3 bp −$953147.7 bp −$14.8Kdoesn't fit
Sell SunX live order book, 10 min ago79.76 bp162.3 bp −$162doesn't fitdoesn'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−0.0488%4h437.42−0.108%$47K$216K10xas long as short
GRVT TSM_USDT_Perp−0.0058%8h437.55−0.078%$7K$1.3M10xas long as short
Aster TSMUSDT0.0000%8h438.31+0.096%$81K$2K20xas long as short
Bybit TSMUSDT0.0000%8h437.81−0.018%$2.0M$409K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h438.19+0.069%$4.0M$2.7M20xas long as short
Gate TSM_USDTlong0.0000%8h437.89long leg$1.7M$1.1M100x
Bitget TSMUSDT0.0000%8h437.90+0.002%$1.8M$1.5M20xas long as short
Variational Omni TSM0.0000%8h438.04+0.035%$551K$43Kas long as short
SunX TSM-USDTshort0.0000%8h438.19+0.069%$2K$4.0M10x
HTX TSM-USDT0.0000%8h437.47−0.096%$9K$8K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TSMUSDT0.0000%8h438.59+0.160%$1.5M$528K10xas long as short
Binance TSMUSDT+0.0014%8h438.28+0.089%$12.8M$8.1M20xas long as short
Extended TSM-USD+0.0016%1h438.09+0.046%$3K$219K10xas long as short
Lighter TSM+0.0032%1h438.07+0.041%$493K$189K10xas long as short
Lighter RH TSM+0.0032%1h437.86−0.007%$195K$736K10xas long as short
Coinbase International TSM-PERP-INTX+0.0040%1h436.96−0.212%$369K$100K10xas long as short
BloFin TSM-USDT+0.0042%8h438.33+0.100%$45K$108K20xas long as short
Vest TSM-USD-PERP+0.0046%1h437.66−0.053%$2K25xas long as short
tradeXYZ xyz:TSM+0.0050%1h437.79−0.023%$10.0M$1.9M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h437.77−0.027%$189K$68K10xas long as short
SoDEX TSM-USD+0.0050%1h437.43−0.105%$136$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h437.32−0.130%$157K$28K10xas long as short
KuCoin TSMUSDTM+0.0100%8h437.85−0.009%$266K$324K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h437.92+0.007%$2110xas long as short
Aevo TSM-PERP+0.0104%1h438.13+0.056%$12310xas long as short
Phoenix TSM+0.0145%1h437.25−0.146%$207K$10K10xas long as short
Injective TSM/USDC PERP+0.0220%1h443.95+1.384%$6K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0984%1h438.13+0.055%$4$17K10xas long as short