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−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Aster against Orderly+0.004%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · 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: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_TSM_USDC_mythos441.220.0100pay 0.0100% / 8h2h 56m$2110x
ShortAster TSMUSDT441.240get 0.0000% / 8h2h 56m$82K$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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
−$21
Price spread: +0.004% → 0.000%
$0.44
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.56
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample
Sell Aster no order-book sample
Orderly and 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
edgeX TSMUSDC−0.0438%4h440.92−0.068%$48K$217K10xas long as short
Bitget TSMUSDT−0.0203%8h440.92−0.068%$1.7M$1.5M20xas long as short
Aster TSMUSDTshort0.0000%8h441.24+0.004%$82K$2K20x
Bybit TSMUSDT0.0000%8h440.98−0.054%$2.0M$395K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h441.10−0.027%$4.0M$2.5M20xas long as short
Gate TSM_USDT0.0000%8h441.01−0.048%$1.7M$1.1M100xas long as short
Variational Omni TSM0.0000%8h440.89−0.074%$546K$40Kas long as short
SunX TSM-USDT0.0000%8h441.25+0.007%$2K$4.2M10xas long as short
HTX TSM-USDT0.0000%8h441.11−0.025%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h441.37+0.034%$1.5M$495K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter TSM+0.0032%1h441.03−0.043%$497K$137K10xas long as short
Lighter RH TSM+0.0032%1h441.21−0.002%$220K$676K10xas long as short
Vest TSM-USD-PERP+0.0046%1h440.83−0.088%$58325xas long as short
tradeXYZ xyz:TSM+0.0050%1h440.90−0.073%$10.2M$2.0M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h440.91−0.070%$192K$61K10xas long as short
SoDEX TSM-USD+0.0050%1h440.67−0.125%$139$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h440.96−0.059%$157K$23K10xas long as short
BloFin TSM-USDT+0.0060%8h441.07−0.034%$45K$102K20xas long as short
Binance TSMUSDT+0.0063%8h441.23+0.002%$12.9M$7.6M20xas long as short
Extended TSM-USD+0.0064%1h441.13−0.021%$6K$196K10xas long as short
GRVT TSM_USDT_Perp+0.0068%8h440.89−0.074%$10K$1.3M10xas long as short
Coinbase International TSM-PERP-INTX+0.0072%1h440.03−0.270%$367K$102K10xas long as short
KuCoin TSMUSDTM+0.0100%8h440.88−0.077%$268K$311K20xas long as short
Orderly PERP_TSM_USDC_mythoslong+0.0100%8h441.22long leg$2110x
Aevo TSM-PERP+0.0104%1h441.17−0.010%$12410xas long as short
Deribit TSM_USDC-PERPETUAL+0.0113%1h441.14−0.018%$4$24K10xas long as short
Phoenix TSM+0.0199%1h440.79−0.097%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h445.33+0.932%$6K$38K12xas long as short