Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest+0.121%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 SunX

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. SunX is 0.121% dearer against Vest than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest TSM-USD-PERP	439.39	0.0046	pay 0.0006% / 1h	53m 58s	—	$1K	25x
Short	SunX TSM-USDT	439.92	0	get 0.0000% / 8h	1h 53m	$1K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$9.59
Price spread: +0.121% → 0.000%: $12.06
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.53
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	44.63 bp	126.7 bp −$127	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
Bitget TSMUSDT	−0.0177%	8h	440.41	+0.232%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	439.92	+0.120%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.74	+0.080%	$2.0M	$396K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.81	+0.096%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.72	+0.075%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.02	+0.143%	$557K	$36K	—	as long as short
SunX TSM-USDTshort	0.0000%	8h	439.92	+0.121%	$1K	$4.2M	10x
HTX TSM-USDT	0.0000%	8h	439.96	+0.130%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.57	+0.269%	$1.5M	$515K	10x	as long as short
Lighter TSM	+0.0032%	1h	440.03	+0.146%	$495K	$137K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	439.79	+0.091%	$224K	$684K	10x	as long as short
Vest TSM-USD-PERPlong	+0.0046%	1h	439.39	long leg	—	$1K	25x
Coinbase International TSM-PERP-INTX	+0.0048%	1h	439.33	−0.014%	$366K	$102K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.44	+0.011%	$10.2M	$1.8M	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.41	+0.005%	$134	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.94	+0.125%	$157K	$27K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0062%	8h	440.25	+0.196%	$16K	$1.3M	10x	as long as short
Extended TSM-USD	+0.0064%	1h	439.81	+0.096%	$5K	$179K	10x	as long as short
Binance TSMUSDT	+0.0065%	8h	439.95	+0.126%	$12.9M	$7.9M	20x	as long as short
BloFin TSM-USDT	+0.0081%	8h	440.14	+0.171%	$45K	$105K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.54	+0.034%	$266K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	439.82	+0.098%	$21	—	10x	as long as short
Polymarket Perps TSM-USD	+0.0101%	1h	439.59	+0.046%	$192K	$63K	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	439.84	+0.102%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	440.19	+0.182%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.31	+1.347%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0294%	4h	440.51	+0.254%	$47K	$215K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0774%	1h	439.89	+0.114%	$97	$25K	10x	as long as short