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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against SunX−0.154%7-day average −0.069% · you buy dearer than you sell
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 7 days+0.119%+$12 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.154%, 7d avg −0.069%
Together, before fees+0.200%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.085% cheaper against SunX than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.069%). If the spread goes back, that is −$9 on $10k: about 5.6 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT440.300get 0.0000% / 8h2h 34m$2K$4.2M10x
ShortOndo Perps TSM-USD.P439.620.0050get 0.0006% / 1h34m 32s$159K$25K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: −0.154% → −0.069%
−$8.52
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$10.93
Costs to cover
0.130%
Break-even
14.2 days
Slippage unknown: SunX: live order book, 4 min ago; Ondo Perps: 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 SunX live order book, 4 min ago44.74 bp123.2 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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
Bitget TSMUSDT−0.0186%8h440.09−0.048%$1.7M$1.5M20xas long as short
Aster TSMUSDT0.0000%8h440.00−0.068%$82K$2K20xas long as short
Bybit TSMUSDT0.0000%8h439.80−0.114%$2.0M$398K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h439.77−0.120%$4.0M$2.5M20xas long as short
Gate TSM_USDT0.0000%8h439.75−0.125%$1.7M$1.1M100xas long as short
Variational Omni TSM0.0000%8h440.11−0.044%$545K$40Kas long as short
SunX TSM-USDTlong0.0000%8h440.30long leg$2K$4.2M10x
HTX TSM-USDT0.0000%8h440.18−0.027%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h440.70+0.091%$1.5M$500K10xas long as short
Lighter TSM+0.0032%1h440.05−0.057%$495K$137K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH TSM+0.0032%1h439.96−0.077%$219K$681K10xas long as short
Vest TSM-USD-PERP+0.0046%1h439.42−0.200%$58325xas long as short
tradeXYZ xyz:TSM+0.0050%1h439.58−0.164%$10.2M$1.9M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h440.00−0.068%$192K$63K10xas long as short
SoDEX TSM-USD+0.0050%1h439.65−0.148%$134$3K10xas long as short
Ondo Perps TSM-USD.Pshort+0.0050%1h439.62−0.154%$159K$25K10x
GRVT TSM_USDT_Perp+0.0052%8h440.15−0.033%$8K$1.3M10xas long as short
Extended TSM-USD+0.0056%1h439.84−0.104%$6K$196K10xas long as short
Binance TSMUSDT+0.0059%8h439.93−0.084%$12.8M$7.7M20xas long as short
BloFin TSM-USDT+0.0060%8h440.20−0.023%$45K$103K20xas long as short
Coinbase International TSM-PERP-INTX+0.0072%1h440.03−0.061%$367K$102K10xas long as short
KuCoin TSMUSDTM+0.0100%8h439.66−0.145%$266K$310K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h440.02−0.064%$2110xas long as short
Aevo TSM-PERP+0.0104%1h440.20−0.022%$12310xas long as short
Phoenix TSM+0.0163%1h439.78−0.118%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h445.58+1.199%$6K$38K12xas long as short
edgeX TSMUSDC+0.0738%4h440.23−0.016%$47K$216K10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0978%1h440.18−0.027%$4$24K10xas long as short