Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against SoDEX+0.149%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.149% dearer against SoDEX than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TSM-USD	441.31	0.0050	pay 0.0006% / 1h	21m 38s	$139	$3K	10x
Short	Aster TSMUSDT	441.97	0	get 0.0000% / 8h	4h 21m	$82K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$10.5
Price spread: +0.149% → 0.000%: $14.87
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.63
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

SoDEX 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSMUSDT	−0.0074%	8h	441.74	+0.097%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDTshort	0.0000%	8h	441.97	+0.149%	$82K	$2K	20x
Bybit TSMUSDT	0.0000%	8h	441.61	+0.068%	$2.0M	$396K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.75	+0.100%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.53	+0.050%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.40	+0.020%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.77	+0.104%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.74	+0.097%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.75	+0.100%	$1.5M	$469K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.77	+0.104%	$497K	$176K	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	441.69	+0.086%	$220K	$643K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.32	+0.002%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.42	+0.025%	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.46	+0.034%	$194K	$53K	10x	as long as short
SoDEX TSM-USDlong	+0.0050%	1h	441.31	long leg	$139	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	441.15	−0.036%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0080%	1h	441.57	+0.060%	$1K	$190K	10x	as long as short
Binance TSMUSDT	+0.0080%	8h	441.77	+0.104%	$13.0M	$7.1M	20x	as long as short
BloFin TSM-USDT	+0.0089%	8h	441.74	+0.097%	$45K	$99K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.48	+0.039%	$268K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.69	+0.086%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.70	+0.089%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.118%	$368K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0147%	8h	441.62	+0.070%	$5K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.39	+0.018%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.446%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0384%	1h	441.69	+0.086%	$4	$24K	10x	as long as short
edgeX TSMUSDC	+0.0393%	4h	441.41	+0.022%	$48K	$216K	10x	as long as short