Funding arb · Price arb /

TSM

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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: Vest against Aster−0.217%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Vest

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 airdropAster: Stage 5 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.217% cheaper against Aster than usual: you would sell low and buy high (spread −0.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSMUSDT	441.33	0	get 0.0000% / 8h	3h 43m	$82K	$2K	20x
Short	Vest TSM-USD-PERP	440.37	0.0046	get 0.0006% / 1h	43m 14s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Aster. 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 AsterbpFee VestbpOrdersPrice spread, now −0.217%Rate

Funding earned: $9.59
Price spread: −0.217% → 0.000%: −$21.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$22.15
Costs to cover: 0.100%
Break-even: 23.2 days

Slippage unknown: Aster: no order-book sample; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Aster and 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	−0.0134%	8h	440.94	−0.088%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDTlong	0.0000%	8h	441.33	long leg	$82K	$2K	20x
Bybit TSMUSDT	0.0000%	8h	440.77	−0.127%	$2.0M	$398K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.88	−0.102%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.71	−0.140%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.11	−0.050%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.93	−0.091%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.00	−0.075%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.05	−0.063%	$1.5M	$477K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.08	−0.057%	$497K	$176K	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	440.84	−0.111%	$219K	$665K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	440.37	−0.217%	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	440.44	−0.202%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.68	−0.147%	$193K	$56K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.43	−0.204%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.56	−0.174%	$158K	$22K	10x	as long as short
Binance TSMUSDT	+0.0063%	8h	440.94	−0.088%	$12.9M	$7.3M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	440.79	−0.121%	$2K	$200K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0083%	8h	441.04	−0.066%	$13K	$1.2M	10x	as long as short
BloFin TSM-USDT	+0.0088%	8h	440.96	−0.084%	$45K	$99K	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.79	−0.122%	$368K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.66	−0.152%	$267K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.87	−0.104%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.86	−0.106%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.78	−0.125%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.60	+0.968%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0656%	4h	441.11	−0.049%	$47K	$217K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0795%	1h	440.76	−0.129%	$4	$24K	10x	as long as short