Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX+0.011%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2692.691% of the position

Long on OKX Short on SunX

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)+0.019%+$2 · spread now +0.011%, 7d avg +0.037%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.026% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSM-USDT-SWAP	440.18	0	get 0.0000% / 8h	15m 48s	$4.0M	$2.6M	20x
Short	SunX TSM-USDT	440.23	0	get 0.0000% / 8h	15m 48s	$2K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.037%: −$2.59
Slippage, 4 orders: −$251.14
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$271.73
Costs to cover: 2.691%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; SunX: live order book, 13 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 OKX live order book, 2 min ago	0.68 bp	9.0 bp −$9	23.9 bp −$239	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	44.68 bp	126.8 bp −$127	doesn't fit	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
Bitget TSMUSDT	−0.0074%	8h	439.84	−0.077%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	439.97	−0.049%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.79	−0.089%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAPlong	0.0000%	8h	440.18	long leg	$4.0M	$2.6M	20x
Gate TSM_USDT	0.0000%	8h	440.00	−0.041%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.17	−0.003%	$559K	$38K	—	as long as short
SunX TSM-USDTshort	0.0000%	8h	440.23	+0.011%	$2K	$4.1M	10x
HTX TSM-USDT	0.0000%	8h	440.21	+0.007%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.76	+0.132%	$1.5M	$524K	10x	as long as short
Lighter TSM	+0.0032%	1h	440.02	−0.036%	$495K	$190K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	440.01	−0.039%	$222K	$725K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.72	−0.105%	—	$2K	25x	as long as short
BloFin TSM-USDT	+0.0048%	8h	440.28	+0.023%	$45K	$107K	20x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.71	−0.107%	$10.1M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.84	−0.077%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.75	−0.098%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.64	−0.123%	$157K	$28K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0056%	1h	439.33	−0.193%	$366K	$97K	10x	as long as short
Binance TSMUSDT	+0.0062%	8h	440.14	−0.010%	$12.9M	$8.0M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	440.01	−0.038%	$3K	$221K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0077%	8h	440.10	−0.018%	$15K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.50	−0.154%	$266K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.14	−0.009%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.02	−0.036%	$123	—	10x	as long as short
Phoenix TSM	+0.0146%	1h	439.98	−0.045%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.02	+0.872%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0387%	1h	440.12	−0.014%	$4	$25K	10x	as long as short
edgeX TSMUSDC	+0.0599%	4h	440.13	−0.012%	$47K	$217K	10x	as long as short