Settings8H · net · $10k
Funding arb · Price arb /

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against SunX−0.029%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2662.664% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.029%, 7d avg −0.042%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT446.110get 0.0000% / 8h1h 17m$1K$5.4M10x
ShortOKX TSM-USDT-SWAP445.980get 0.0000% / 8h1h 17m$4.0M$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.029% → −0.042%
$1.32
Slippage, 4 orders
−$248.37
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$265.04
Costs to cover
2.664%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago44.97 bp123.2 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.34 bp7.5 bp −$725.7 bp −$257doesn't fitdoesn't fit

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−0.0482%4h446.06−0.011%$48K$215K10xas long as short
Aster TSMUSDT0.0000%8h445.96−0.033%$82K$1K20xas long as short
Extended TSM-USD0.0000%1h446.02−0.020%$2K$167K10xas long as short
Binance TSMUSDT0.0000%8h446.110.000%$13.2M$7.0M20xas long as short
Bybit TSMUSDT0.0000%8h445.81−0.067%$2.0M$423K50xas long as short
OKX TSM-USDT-SWAPshort0.0000%8h445.98−0.029%$4.0M$3.1M20x
Gate TSM_USDT0.0000%8h445.84−0.061%$1.7M$923K100xas long as short
Bitget TSMUSDT0.0000%8h445.90−0.047%$1.6M$1.5M20xas long as short
Variational Omni TSM0.0000%8h446.07−0.009%$552K$85Kas long as short
GRVT TSM_USDT_Perp0.0000%8h445.98−0.029%$5K$1.1M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TSM-USDTlong0.0000%8h446.11long leg$1K$5.4M10x
HTX TSM-USDT0.0000%8h446.07−0.009%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h445.15−0.215%$1.5M$472K10xas long as short
Coinbase International TSM-PERP-INTX+0.0008%1h444.60−0.338%$356K$96K10xas long as short
BloFin TSM-USDT+0.0027%8h446.13+0.004%$44K$105K20xas long as short
Lighter RH TSM+0.0032%1h446.18+0.016%$226K$601K10xas long as short
Vest TSM-USD-PERP+0.0046%1h445.92−0.043%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h445.80−0.069%$10.3M$2.6M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h445.79−0.072%$196K$91K10xas long as short
SoDEX TSM-USD+0.0050%1h445.81−0.067%$145$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h445.49−0.139%$159K$22K10xas long as short
KuCoin TSMUSDTM+0.0100%8h445.63−0.108%$271K$334K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h446.00−0.025%$2110xas long as short
Aevo TSM-PERP+0.0104%1h446.07−0.008%$12510xas long as short
Phoenix TSM+0.0162%1h445.83−0.063%$217K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h449.91+0.852%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0243%1h446.08−0.007%$4$61K10xas long as short
Lighter TSM+0.0424%1h446.67+0.126%$504K$167K10xas long as short