Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against Polymarket Perps+0.126%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 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

The price spread pays, funding is against you. Aster is 0.126% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSM-USD	443.56	0.0050	pay 0.0006% / 1h	38m 55s	$196K	$51K	10x
Short	Aster TSMUSDT	444.12	0	get 0.0000% / 8h	5h 38m	$82K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$10.5
Price spread: +0.126% → 0.000%: $12.59
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.91
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 23 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 Polymarket Perps live order book, 23 min ago	1.69 bp	5.8 bp −$6	5.9 bp −$59	8.9 bp −$892	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
edgeX TSMUSDC	−0.0556%	4h	443.73	+0.039%	$48K	$216K	10x	as long as short
Aster TSMUSDTshort	0.0000%	8h	444.12	+0.126%	$82K	$1K	20x
Bybit TSMUSDT	0.0000%	8h	443.61	+0.011%	$2.0M	$391K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.80	+0.054%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.63	+0.016%	$1.7M	$954K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	443.84	+0.063%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.70	+0.031%	$550K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	443.85	+0.065%	$1K	$4.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.85	+0.065%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	443.97	+0.092%	$1.5M	$441K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	444.07	+0.115%	$501K	$173K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	443.83	+0.061%	$222K	$644K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	443.51	−0.011%	—	$583	25x	as long as short
Extended TSM-USD	+0.0048%	1h	443.76	+0.045%	$1K	$191K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	443.42	−0.032%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USDlong	+0.0050%	1h	443.56	long leg	$196K	$51K	10x
SoDEX TSM-USD	+0.0050%	1h	443.36	−0.045%	$137	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	443.56	0.000%	$158K	$24K	10x	as long as short
Binance TSMUSDT	+0.0052%	8h	443.88	+0.072%	$13.0M	$6.8M	20x	as long as short
BloFin TSM-USDT	+0.0076%	8h	443.79	+0.052%	$45K	$98K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.42	−0.032%	$269K	$320K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.76	+0.045%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	443.84	+0.063%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.28	−0.063%	$370K	$107K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0178%	1h	443.75	+0.043%	$98	$24K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0180%	8h	443.74	+0.040%	$8K	$1.1M	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.64	+0.018%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	448.49	+1.111%	$7K	$38K	12x	as long as short