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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= −0.1% APRnext payment $0.00 per $10,000 · paid last 24h −0.006%
Price spread now: HTX against Binance−0.009%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TSMUSDT447.590.0000pay 0.0000% / 8h7h 46m$13.2M$6.9M20x
ShortHTX TSM-USDT447.550get 0.0000% / 8h7h 46m$9K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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
−$0.1
Price spread: −0.009% → 0.000%
−$0.92
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$23.03
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 9 min ago; HTX: 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 Binance live order book, 9 min ago0.11 bp7.1 bp −$718.7 bp −$187doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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
Coinbase International TSM-PERP-INTX−0.0024%1h446.95−0.143%$358K$103K10xas long as short
BloFin TSM-USDT−0.0009%8h447.75+0.035%$44K$102K20xas long as short
Aster TSMUSDT0.0000%8h447.56−0.008%$82K$1K20xas long as short
Extended TSM-USD0.0000%1h447.52−0.016%$4K$169K10xas long as short
Bybit TSMUSDT0.0000%8h447.43−0.036%$2.0M$409K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h447.46−0.029%$4.0M$3.0M20xas long as short
Gate TSM_USDT0.0000%8h447.26−0.074%$1.7M$899K100xas long as short
Variational Omni TSM0.0000%8h447.57−0.006%$555K$84Kas long as short
GRVT TSM_USDT_Perp0.0000%8h447.46−0.029%$9K$1.1M10xas long as short
SunX TSM-USDT0.0000%8h447.56−0.007%$2K$5.0M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit TSM_USDC-PERPETUAL0.0000%1h447.58−0.003%$4$32K10xas long as short
HTX TSM-USDTshort0.0000%8h447.55−0.009%$9K$9K20x
Phemex TSMUSDT0.0000%8h447.57−0.005%$1.5M$452K10xas long as short
Binance TSMUSDTlong0.0000%8h447.59long leg$13.2M$6.9M20x
Bitget TSMUSDT+0.0006%8h447.45−0.032%$1.6M$1.4M20xas long as short
Lighter RH TSM+0.0032%1h447.60+0.002%$232K$635K10xas long as short
Vest TSM-USD-PERP+0.0046%1h447.51−0.018%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h447.35−0.054%$10.3M$2.4M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h447.33−0.058%$197K$41K10xas long as short
SoDEX TSM-USD+0.0050%1h447.17−0.094%$143$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h447.13−0.103%$158K$20K10xas long as short
Lighter TSM+0.0088%1h448.09+0.111%$506K$166K10xas long as short
KuCoin TSMUSDTM+0.0100%8h447.18−0.092%$272K$313K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h447.48−0.025%$2110xas long as short
Aevo TSM-PERP+0.0104%1h447.57−0.004%$12510xas long as short
Phoenix TSM+0.0179%1h447.42−0.038%$218K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h451.76+0.931%$7K$38K12xas long as short
edgeX TSMUSDC+0.0972%4h447.65+0.013%$48K$216K10xas long as short