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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment $0.75 per $10,000 · paid last 24h −0.010%
Price spread now: Aster against GRVT−0.050%90s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.050% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT TSM_USDT_Perp440.680.0075pay 0.0075% / 8h3h 10m$10K$1.3M10x
ShortAster TSMUSDT440.460get 0.0000% / 8h3h 10m$82K$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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
−$15.75
Price spread: −0.050% → 0.000%
−$4.96
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$37.71
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: GRVT: live order book, 3 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 3 min ago0.11 bp13.3 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget TSMUSDT−0.0210%8h440.81+0.029%$1.8M$1.5M20xas long as short
Aster TSMUSDTshort0.0000%8h440.46−0.050%$82K$2K20x
Bybit TSMUSDT0.0000%8h440.31−0.084%$2.0M$388K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h440.31−0.084%$4.0M$2.5M20xas long as short
Gate TSM_USDT0.0000%8h440.28−0.091%$1.7M$1.1M100xas long as short
Variational Omni TSM0.0000%8h440.48−0.046%$546K$40Kas long as short
SunX TSM-USDT0.0000%8h440.39−0.066%$2K$4.2M10xas long as short
HTX TSM-USDT0.0000%8h440.79+0.025%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h440.70+0.004%$1.5M$488K10xas long as short
Lighter TSM+0.0032%1h440.46−0.050%$496K$176K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH TSM+0.0032%1h440.34−0.078%$219K$677K10xas long as short
Vest TSM-USD-PERP+0.0046%1h440.00−0.155%$58325xas long as short
tradeXYZ xyz:TSM+0.0050%1h440.01−0.152%$10.2M$2.0M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h440.11−0.130%$192K$60K10xas long as short
SoDEX TSM-USD+0.0050%1h440.06−0.141%$140$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h440.53−0.034%$156K$23K10xas long as short
Extended TSM-USD+0.0064%1h440.28−0.091%$1K$195K10xas long as short
Binance TSMUSDT+0.0066%8h440.41−0.062%$12.9M$7.5M20xas long as short
GRVT TSM_USDT_Perplong+0.0075%8h440.68long leg$10K$1.3M10x
Coinbase International TSM-PERP-INTX+0.0088%1h440.03−0.148%$367K$102K10xas long as short
BloFin TSM-USDT+0.0089%8h440.67−0.003%$45K$101K20xas long as short
KuCoin TSMUSDTM+0.0100%8h440.18−0.114%$268K$311K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h440.34−0.078%$2110xas long as short
Aevo TSM-PERP+0.0104%1h440.34−0.077%$12310xas long as short
edgeX TSMUSDC+0.0148%4h440.75+0.016%$47K$216K10xas long as short
Phoenix TSM+0.0199%1h440.65−0.007%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h445.45+1.082%$6K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0273%1h440.30−0.087%$4$24K10xas long as short