Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against KuCoin−0.002%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSMUSDTM	444.41	0.0100	pay 0.0100% / 8h	6h 38m	$269K	$316K	20x
Short	Vest TSM-USD-PERP	444.40	0.0046	get 0.0006% / 1h	38m 28s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$11.41
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$25.63
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 73 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 73 min ago	16.89 bp	108.6 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSMUSDC	−0.0896%	4h	445.28	+0.196%	$48K	$215K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	444.76	+0.078%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	444.69	+0.064%	$5K	$196K	10x	as long as short
Bybit TSMUSDT	0.0000%	8h	444.43	+0.005%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	444.68	+0.061%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	444.57	+0.036%	$1.7M	$914K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	444.79	+0.086%	$1.6M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	444.96	+0.123%	$551K	$82K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.74	+0.074%	$1K	$4.7M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	444.87	+0.104%	$9K	$9K	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	444.76	+0.079%	$1.5M	$453K	10x	as long as short
Binance TSMUSDT	+0.0002%	8h	444.87	+0.104%	$13.1M	$6.9M	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0016%	1h	445.16	+0.169%	$367K	$104K	10x	as long as short
BloFin TSM-USDT	+0.0017%	8h	445.69	+0.288%	$45K	$99K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	444.78	+0.083%	$222K	$630K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	444.40	−0.002%	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	444.33	−0.018%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	444.62	+0.047%	$200K	$45K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	444.30	−0.025%	$142	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.59	+0.041%	$160K	$25K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0056%	8h	444.86	+0.102%	$17K	$1.1M	10x	as long as short
KuCoin TSMUSDTMlong	+0.0100%	8h	444.41	long leg	$269K	$316K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	444.67	+0.059%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.73	+0.072%	$125	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	444.61	+0.045%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.67	+1.409%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0424%	1h	445.22	+0.182%	$502K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0741%	1h	444.63	+0.050%	$4	$23K	10x	as long as short