Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest+0.100%7-day average — · you sell dearer than you buy

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

Long on Vest Short on OKX

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

The price spread pays, funding is against you. OKX is 0.100% dearer against Vest than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest TSM-USD-PERP	440.62	0.0046	pay 0.0006% / 1h	45m 58s	—	$583	25x
Short	OKX TSM-USDT-SWAP	441.06	0	get 0.0000% / 8h	3h 45m	$4.0M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$9.59
Price spread: +0.100% → 0.000%: $9.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.61
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.36 bp	11.4 bp −$11	23.1 bp −$231	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
edgeX TSMUSDC	−0.0786%	4h	441.10	+0.109%	$47K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0122%	8h	441.15	+0.120%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.41	+0.179%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.79	+0.039%	$2.0M	$398K	50x	as long as short
OKX TSM-USDT-SWAPshort	0.0000%	8h	441.06	+0.100%	$4.0M	$2.5M	20x
Gate TSM_USDT	0.0000%	8h	440.89	+0.061%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.11	+0.111%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.20	+0.132%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.09	+0.107%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.13	+0.116%	$1.5M	$476K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	441.06	+0.100%	$497K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.84	+0.050%	$231K	$654K	10x	as long as short
Vest TSM-USD-PERPlong	+0.0046%	1h	440.62	long leg	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	440.53	−0.020%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.79	+0.039%	$193K	$56K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.68	+0.014%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.57	−0.011%	$158K	$22K	10x	as long as short
Binance TSMUSDT	+0.0064%	8h	441.13	+0.117%	$12.9M	$7.4M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	440.99	+0.084%	$2K	$200K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0085%	8h	440.88	+0.058%	$13K	$1.2M	10x	as long as short
BloFin TSM-USDT	+0.0087%	8h	441.23	+0.138%	$45K	$99K	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.79	+0.039%	$368K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.60	−0.005%	$268K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.02	+0.091%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.02	+0.091%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.88	+0.059%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.91	+1.201%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0454%	1h	440.88	+0.059%	$4	$24K	10x	as long as short