Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest−0.072%7-day average — · you buy dearer than you sell

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

Long on Vest Short on KuCoin

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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.072% cheaper against Vest than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest TSM-USD-PERP	445.77	0.0046	pay 0.0006% / 1h	23m 32s	—	—	25x
Short	KuCoin TSMUSDTM	445.45	0.0100	get 0.0100% / 8h	1h 23m	$270K	$335K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Vest. 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 VestbpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $11.41
Price spread: −0.072% → 0.000%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.77
Costs to cover: 0.140%
Break-even: 13.0 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 48 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 48 min ago	16.30 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit

Vest: 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
BloFin TSM-USDT	−0.0021%	8h	445.96	+0.043%	$44K	$105K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	445.68	−0.020%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	445.81	+0.010%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	445.90	+0.029%	$13.2M	$7.0M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	445.66	−0.025%	$2.0M	$421K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	445.80	+0.007%	$4.0M	$3.1M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	445.59	−0.040%	$1.7M	$922K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	445.87	+0.022%	$1.6M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	445.92	+0.033%	$552K	$85K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	445.87	+0.022%	$15K	$1.1M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TSM-USDT	0.0000%	8h	445.92	+0.034%	$1K	$5.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	445.76	−0.002%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	445.14	−0.141%	$1.5M	$471K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0008%	1h	444.60	−0.262%	$356K	$96K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	446.01	+0.054%	$225K	$601K	10x	as long as short
Vest TSM-USD-PERPlong	+0.0046%	1h	445.77	long leg	—	—	25x
tradeXYZ xyz:TSM	+0.0050%	1h	445.61	−0.036%	$10.3M	$2.6M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	445.71	−0.013%	$196K	$91K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	445.59	−0.040%	$147	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	445.42	−0.079%	$159K	$22K	10x	as long as short
KuCoin TSMUSDTMshort	+0.0100%	8h	445.45	−0.072%	$270K	$335K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	445.86	+0.020%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	445.85	+0.018%	$125	—	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0131%	1h	445.85	+0.018%	$4	$61K	10x	as long as short
Phoenix TSM	+0.0162%	1h	445.82	+0.011%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	449.91	+0.929%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0440%	1h	446.55	+0.175%	$504K	$167K	10x	as long as short
edgeX TSMUSDC	+0.0961%	4h	445.91	+0.031%	$48K	$214K	10x	as long as short