Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against SunX−0.057%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.057% cheaper against SunX than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TSM-USDT	440.40	0	get 0.0000% / 8h	6h 20m	$2K	$3.8M	10x
Short	Aevo TSM-PERP	440.15	0.0104	get 0.0013% / 1h	20m 40s	$123	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.057%Rate

Funding earned: $21.84
Price spread: −0.057% → 0.000%: −$5.68
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.84
Costs to cover: 0.240%
Break-even: 9.5 days

Slippage unknown: SunX: live order book, 11 min ago; Aevo: 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 SunX live order book, 11 min ago	45.21 bp	123.5 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 exchanges

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
Coinbase International TSM-PERP-INTX	−0.0016%	1h	439.42	−0.223%	$372K	$98K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	440.11	−0.067%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.92	−0.109%	$2.0M	$398K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.30	−0.023%	$4.0M	$2.7M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.04	−0.082%	$1.7M	$1.1M	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	440.24	−0.036%	$1.8M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	440.18	−0.049%	$551K	$44K	—	as long as short
SunX TSM-USDTlong	0.0000%	8h	440.40	long leg	$2K	$3.8M	10x
HTX TSM-USDT	0.0000%	8h	440.13	−0.061%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	439.79	−0.139%	$1.5M	$545K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	440.16	−0.054%	$496K	$143K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.88	−0.118%	—	$2K	25x	as long as short
Lighter RH TSM	+0.0048%	1h	440.23	−0.039%	$195K	$726K	10x	as long as short
Extended TSM-USD	+0.0048%	1h	440.10	−0.068%	$5K	$215K	10x	as long as short
Binance TSMUSDT	+0.0048%	8h	440.22	−0.040%	$13.0M	$8.3M	20x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.88	−0.118%	$10.1M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.00	−0.091%	$186K	$71K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.89	−0.116%	$133	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.01	−0.089%	$158K	$27K	10x	as long as short
BloFin TSM-USDT	+0.0067%	8h	440.40	0.000%	$45K	$112K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.80	−0.136%	$267K	$413K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.23	−0.039%	$21	—	10x	as long as short
Aevo TSM-PERPshort	+0.0104%	1h	440.15	−0.057%	$123	—	10x
Phoenix TSM	+0.0145%	1h	440.08	−0.073%	$209K	$10K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	443.95	+0.806%	$6K	$38K	12x	as long as short
GRVT TSM_USDT_Perp	+0.0232%	8h	440.34	−0.014%	$9K	$1.3M	10x	as long as short
edgeX TSMUSDC	+0.0570%	4h	440.32	−0.018%	$47K	$216K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0705%	1h	440.18	−0.050%	$4	$11K	10x	as long as short