Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.012%

Price spread now: HTX against Extended+0.032%7-day average — · you sell dearer than you buy

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

Long on Extended Short on HTX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.032% dearer against Extended than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TSM-USD	443.62	0.0048	pay 0.0006% / 1h	49m 10s	$1K	$197K	10x
Short	HTX TSM-USDT	443.76	0	get 0.0000% / 8h	5h 49m	$9K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$10.08
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 12 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 12 min ago	1.58 bp	9.6 bp −$10	77.6 bp −$776	doesn't fit	doesn'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 27 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	−0.0267%	4h	443.83	+0.047%	$48K	$216K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	443.81	+0.043%	$81K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.44	−0.040%	$2.0M	$391K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.50	−0.027%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.53	−0.020%	$1.7M	$948K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	443.84	+0.050%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.88	+0.059%	$550K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	443.75	+0.030%	$2K	$4.4M	10x	as long as short
HTX TSM-USDTshort	0.0000%	8h	443.76	+0.032%	$9K	$9K	20x
Phemex TSMUSDT	0.0000%	8h	443.81	+0.043%	$1.5M	$441K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	444.03	+0.093%	$501K	$173K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	443.64	+0.005%	$222K	$644K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	443.45	−0.038%	—	$583	25x	as long as short
Binance TSMUSDT	+0.0047%	8h	443.71	+0.022%	$13.0M	$6.8M	20x	as long as short
Extended TSM-USDlong	+0.0048%	1h	443.62	long leg	$1K	$197K	10x
tradeXYZ xyz:TSM	+0.0050%	1h	443.22	−0.090%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	443.49	−0.029%	$196K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.32	−0.067%	$137	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	443.41	−0.047%	$160K	$23K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.24	−0.085%	$268K	$319K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.67	+0.012%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	443.67	+0.012%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.28	−0.076%	$370K	$107K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0187%	8h	443.91	+0.066%	$8K	$1.1M	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.77	+0.034%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.81	+0.945%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0336%	1h	443.62	0.000%	$4	$24K	10x	as long as short