Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against OKX−0.014%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

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

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSM-USDT-SWAP	445.62	0	get 0.0000% / 8h	1h 30m	$4.0M	$3.1M	20x
Short	Aster TSMUSDT	445.56	0	get 0.0000% / 8h	1h 30m	$82K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → 0.000%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.23 bp	8.5 bp −$8	16.9 bp −$169	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TSMUSDTshort	0.0000%	8h	445.56	−0.014%	$82K	$1K	20x
Extended TSM-USD	0.0000%	1h	445.60	−0.004%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	445.69	+0.016%	$13.1M	$6.9M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	445.41	−0.047%	$2.0M	$420K	50x	as long as short
OKX TSM-USDT-SWAPlong	0.0000%	8h	445.62	long leg	$4.0M	$3.1M	20x
Gate TSM_USDT	0.0000%	8h	445.30	−0.072%	$1.7M	$921K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	445.44	−0.040%	$1.6M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	445.64	+0.004%	$552K	$85K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	445.60	−0.004%	$15K	$1.1M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	445.68	+0.013%	$2K	$5.4M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TSM-USDT	0.0000%	8h	445.42	−0.045%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	445.04	−0.130%	$1.5M	$468K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0008%	1h	444.60	−0.229%	$356K	$96K	10x	as long as short
BloFin TSM-USDT	+0.0015%	8h	445.70	+0.018%	$44K	$104K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	445.80	+0.040%	$225K	$597K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	445.51	−0.025%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	445.47	−0.034%	$10.3M	$2.6M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	445.55	−0.016%	$196K	$91K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	445.43	−0.043%	$147	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	445.11	−0.114%	$159K	$22K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	445.20	−0.094%	$270K	$337K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	445.62	0.000%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	445.73	+0.024%	$125	—	10x	as long as short
Phoenix TSM	+0.0162%	1h	445.61	−0.002%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	449.91	+0.963%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0244%	1h	445.57	−0.011%	$4	$61K	10x	as long as short
Lighter TSM	+0.0456%	1h	446.03	+0.092%	$503K	$163K	10x	as long as short
edgeX TSMUSDC	+0.0848%	4h	445.63	+0.002%	$48K	$215K	10x	as long as short